Friday, March 7, 2014

Select Top Five Philadelphia Retail Leases Signed in Q4 2013

The select top retail lease signed during the fourth quarter of 2013 in the Philadelphia market was at Wishing Well Plaza in the North Burlington County submarket. ShopRite leased 90,000 square feet there. Fameco Real Estate represented the landlord. 

Giant Food leased 66,472 square feet at Ephrata Marketplace in the Lancaster County submarket. Colliers International represented the landlord. 

LA Fitness leased 52,248 square feet at Collegetown Shopping Center n the Gloucester County submarket. Brixmor Property Group represented the landlord. 

Philly Service Center leased 39,000 square feet at 6729 Essington Ave. in the South Philadelphia submarket. Binswanger represented the landlord in the direct deal. 

Habitat for Humanity signed a 25,690-square-foot lease at 530 Route 38 E. in the North Burlington County submarket. NAI Mertz represented the landlord. 

This trend is compared to the U.S. National Retail select largest new lease signings occurring in Q4 2013, which include the 230,000-square-foot deal by Wal-Mart in the Hampton Roads market; the 151,128-square-foot lease by Mariano's Fresh Market in the Chicago market; the 78,962-square-foot lease by Food 4 Less in the Los Angeles Market; and BJ's Wholesale Club signing a 240,448-square-foot lease during the third quarter in the Boston market.

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