New York Developer Proposes Industrial Project Adjacent to Northeast Philadelphia Prison

New York developer plans industrial project next to Northeast Philadelphia prison
Rockefeller Group is planning a 192,000-square-foot warehouse in Northeast Philadelphia, adjacent to Holmesburg Prison, expanding the area’s growing industrial footprint. The project at 8301 Torresdale Ave. features 40-foot clear heights, 30 dock doors, two drive-in ramps, 150 parking spaces for cars, and 44 spaces for trailers.
Although the warehouse is being developed without pre-leased tenants, Rockefeller Group Vice President and Regional Director Heath Abramsohn stated that the facility is designed to accommodate either single or multiple tenants, and can serve a variety of industrial users, including cold storage, third-party logistics, e-commerce, and traditional distribution operations.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our website, www.wolfcre.com for a full listing of Philadelphia land sites for sale.

UArts Files for Chapter 7 Bankruptcy, Selling $87M Center City Property

The closed University of the Arts filed for Chapter 7 bankruptcy protection on Friday, aiming to liquidate its assets, including its Center City real estate valued at over $87 million.

This filing in U.S. Bankruptcy Court in Delaware follows the collapse of merger talks with Temple University. UArts, which abruptly shut down in June, will sell its assets to pay off creditors.

The bankruptcy filing reveals total liabilities of $74.2 million, including nearly $50 million in municipal bond debt. The school has between 10,001 and 25,000 creditors, with numerous claims from students and faculty. The board of trustees approved the bankruptcy move on September 5.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our website, www.wolfcre.com for a full listing of Philadelphia land sites for sale.

Mayor Parker Shares a Decision on the 76ers Arena is Coming Soon

Mayor Parker Shares a Decision on the 76ers Arena is Coming Soon

Mayor Cherelle Parker stated Wednesday that she will consider input from all stakeholders before deciding on the Philadelphia 76ers’ proposed arena in Center City, but a decision is “forthcoming.” “I’m not talking about in months,” Parker clarified during a town hall discussion, emphasizing that future return on investment is her primary concern.

Hundreds gathered at the Pennsylvania Convention Center, near both Chinatown and the planned site for 76 Place on Market Street, while demonstrators outside protested the proposed $1.55 billion, 18,500-seat arena that would replace part of the Fashion District mall between 10th and 11th streets.

Parker organized the town hall following a weekend march against the arena, which Chinatown leaders said drew thousands. More than half of the attendees at the convention center wore white T-shirts reading “No Arena.”

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our website, www.wolfcre.com for a full listing of Philadelphia land sites for sale.

Developer Lists Gretz Brewery Site for $6.6M

Developer Lists Gretz Brewery Site for $6.6M

A Conshohocken developer has listed the Gretz Brewery building in Olde Kensington for $6.6 million and is seeking approval for 200 apartments on the site ahead of a potential sale. The Rufo Companies, which owns the historic property at 1524-1538 Germantown Ave., originally received permits in 2019 for a redevelopment project with 220 units. They are now reapplying to renew and revise these permits, including a reduction in the number of apartments. The revised proposal will be reviewed by the city’s Civic Design Review Committee on September 3.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our website, www.wolfcre.com for a full listing of Philadelphia land sites for sale.

Drexel University Purchases 7-Eleven Site

Drexel University Purchased 7-Eleven Site

Drexel University has acquired a prominent parcel adjacent to its campus, securing the opportunity for future redevelopment. Currently occupied by a 7-Eleven convenience store, Drexel has stated the store will remain open for the foreseeable future.

The university, through its subsidiary Academic Properties Inc. (API), purchased the site at 3401 Lancaster Ave., located at the northwest corner of 34th Street and Lancaster Avenue in University City, for $4 million.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our website, www.wolfcre.com for a full listing of Philadelphia land sites for sale.

National Investor Purchases 235-Acre Private Golf Course

A Philadelphia-area golf course has recently traded hands.

A Fort Worth, Texas-based golf course owner has made its first acquisition in the Philadelphia region, purchasing a 21-year-old private club in Chester County.

Escalante Golf, which owns nearly two dozen courses across the U.S., finalized the purchase of French Creek Golf Club in Elverson this July, according to Chester County property records. The deed shows that the 235-acre club, spread across eight parcels, was sold for $2.5 million. Despite multiple requests, Escalante Golf did not comment on the sale.

The firm’s website states its focus is on “unlocking remarkable value in golf clubs and resorts.”

*Article courtesy of Philadelphia Business Journal 

For more information about Philadelphia space for sale or lease, please contact WCRE at 215-799-6900. Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors, and sellers.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

114-Unit Fishtown Apartment Building to Break Ground After Securing Financing

114-Unit Fishtown Apartment Building to Break Ground After Securing Financing

Amid a nationwide slowdown in new construction, Archive Development is moving forward with its largest project yet after securing innovative financing. The Philadelphia developer will break ground next week on a seven-story, 114-unit apartment building at 1440 N. Front St. in Fishtown, adjacent to the Market-Frankford Line. The $32 million development is funded through a combination of a debt fund and a commercial property assessed clean energy (C-PACE) loan. Archive’s co-founders, Ryan Kalili and Henry Siebert, navigated a six-month process to combine these sources and invest additional equity, making the project possible.

*Article courtesy Philadelphia Business Journal

For more information about Philadelphia space for sale or lease, please contact WCRE at 215-799-6900. Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors, and sellers.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

132-Unit Mixed-Income Development Proposed Near Frankford Transportation Center

132-Unit Mixed-Income Development Proposed Near Frankford Transportation Center

A proposed mixed-income housing development, including a grocery store and community health center, is planned near the Frankford Transportation Center in Northeast Philadelphia. The Frankford Community Development Corp. aims to construct a five-story, 132-unit building at 5129-35 Frankford Ave., close to the last stop on the Market-Frankford Line. This development will feature 60 affordable housing units, an 18,854-square-foot grocery store, and a 40,000-square-foot health center run by the City of Philadelphia, named Frankford Plaza. According to the project summary, the strategic location near one of Philadelphia’s busiest transit hubs makes it ideal for transit-oriented development. Given that Frankford is one of the city’s most challenged communities, it also serves as an excellent location for low-income housing and essential services for the community at large.

*Article courtesy Philadelphia Business Journal

For more information about Philadelphia space for sale or lease, please contact WCRE at 215-799-6900. Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors, and sellers.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Alterra IOS Acquires 5-acre Philadelphia Site for $40M project

Alterra IOS Acquires 5-acre Philadelphia Site for $40M project

A joint venture between Alterra IOS and Eco Materials purchased a 5-acre site at 6110 Passyunk Ave. in Southwest Philadelphia for $5.75 million to build a soil recycling facility. Including the purchase price, the project will cost $40 million. Construction began this month, with the facility set to operate by spring 2025. The clean wash facility will accept non-hazardous contaminated soil, primarily from construction companies, and clean it for reuse, with up to 85% suitable for sale. The facility is designed to recycle up to 250 tons per hour.

*Article courtesy Philadelphia Business Journal

For more information about Philadelphia space for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors, and sellers.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Premier flex/industrial Building & land For Sale

Premier flex/industrial Building & land For Sale

Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 1636 Bridgeboro Road, Edgewater Park, NJ 08010. The Edgewater Park property is available for sale.

The property holds +/- 4,000 square feet on 4 acres, that could be utilized by land and industrial users.

Features of 1636 Bridgeboro Road

1636 Bridgeboro Road is ideal for car/truck repair, light industrial users, contractors, and industrial outdoor storage. The property is zoned C-Ll-1 (Commerical-Light Industrial District) and has septic/city water. Additionally, the property incldues an office, front desk, kitchenette, a solar panel array in the yard and ample industrial storage in the rear yard.

1636 Bridgeboro Road is less than 1/2 mile from heavily traveled Route 130 and is within close proximity to the NJ Turnpike, the PA Turnpike, and all bridges connecting to NJ-PA.

For more information about the sale price or a tour of the industrial space, please contact Ryan Barikian, Senior Advisor, at (856) 857 6307 or via email ryan.barikian@wolfcre.com. To review the brochure, please click here.

Wolf Commercial Real Estate is a full-service CRE brokerage and advisory firm with a full range of commercial real estate listings and services. The firm handles a variety of properties including medical, office, industrial, retail and investment. WCRE represents buyers, landlords, investors, tenants and sellers and also provides property management services. For a full list of buildings and suites that are available for sale or lease, visit www.wolfcre.com.