Content about Center City

October 10, 2012

Fashion retailer Intermix has opened its 30th store at 1718 Walnut Street in Center City, Philadelphia, according to Metro Commercial, which negotiated the 3,386-sq.-ft. lease.

Philadelphia -- Fashion retailer Intermix has opened its 30th store at 1718 Walnut Street in Center City, Philadelphia, according to Metro Commercial, which negotiated the 3,386-sq.-ft. lease.

The retailer will occupy space on the ground floor of the Rittenhouse Claridge, a landmark building owned by Kaiserman Co. Metro Commercial searched for the ideal location for Intermix for over two years.

 

September 4, 2012

Fameco Real Estate announced that it has hired three new salespeople and has expanded its property management group with the hire of a new property management accountant and several internal moves to better support its growth.

Plymouth Meeting, Pa. -- Fameco Real Estate announced that it has hired three new salespeople and has expanded its property management group with the hire of a new property management accountant and several internal moves to better support its growth.       

September 4, 2012

Philadelphia -- Plymouth Meeting, Pa.-based Fameco Real Estate said that it represented Ulta Beauty in a 13,647-sq.-ft. lease at 1619 Walnut Street, the former Westinghouse studio, developed by Vesper Property Group and located in Center City, Philadelphia.

The lease marks Ulta’s first retail location in Center City. It will open a three-level store much like its other signature urban store in Chicago.

August 28, 2012

Ulta Beauty will open a flagship in Philadelphia on Rittenhouse Row in the Center City district. The store will be the beauty retailer’s first location in Center City.

Philadelphia -- Ulta Beauty will open a flagship in Philadelphia on Rittenhouse Row in the Center City district. The store will be the beauty retailer’s first location in Center City.

“Ulta will open an exciting three level store much like its only other signature urban store in Chicago,” said Steve O’Malley, partner at Fameco Real Estate, who represented the retailer in the transaction.

June 15, 2012

Downtown Philadelphia will be the site for Walgreens' next Well Experience flagship store, according to an online report published Friday by CBS/Philly.

Philadelphia — Downtown Philadelphia will be the site for Walgreens' next Well Experience flagship store, according to an online report published Friday by CBS/Philly. The new Walgreens will be located at Broad and Chestnut Streets in Center City, filling the space of what was once a Borders bookstore.

The retail space extends 26,000 sq. ft. across three floors.

The CBS/Philly report suggested the new store will open its doors this fall, citing the real estate agent who brokered the deal.

April 16, 2012

Editor’s Note: Chain Store Age’s 23rd annual survey of Fastest-Growing Managers measures new domestic and international third-party management and leasing contracts obtained during the preceding calendar year (2011).

Now more than ever, retail real estate is not a business to be conducted without forethought. The days of gut instincts and seat-of-the-pants decisions have been replaced by the need to plan far ahead to guarantee a company’s continued growth.

December 23, 2010

Center City Philadelphia-based Michael Salove Co., an X Team partner, announced the completion of two lease transactions with Popeye’s Louisiana Kitchen in the Greater Philadelphia area.

Philadelphia -- Center City Philadelphia-based Michael Salove Co., an X Team partner, announced the completion of two lease transactions with Popeye’s Louisiana Kitchen in the Greater Philadelphia area.

Popeye’s has signed a lease to open a 2,069-sq.-ft. freestanding unit in Wilmington, Del., and 2,152-sq.-ft. endcap at Darby Town Center in Darby, Pa.

Both are slated to open in March 2011. Once open, these units will be the 15th and 16th for the New Jersey-based franchisee.