South Jersey Retail Space

South Jersey Retail SpaceWolf Commercial Real Estate (WCRE) is the South Jersey commercial real estate broker that clients rely on for South Jersey retail space. We represent buyers, sellers, owners and tenants for their Southern New Jersey retail space needs throughout the state, the region and the entire country.

With an intensive focus on our client’s business goals, our commitment to community and our highly personal approach to client service, the team at our South Jersey commercial real estate brokerage firm is creating a new culture and a higher standard in representing South Jersey retail space.

As experts in South Jersey commercial real estate listings and commercial real estate services, Wolf Commercial Real Estate goes well beyond simply helping with property transactions. As the foremost Southern New Jersey commercial real estate brokerage firm, WCRE serves as the advisor and strategic partner that is invested in the long-term growth and success of your South Jersey retail operation.

At WCRE, we learn about your real estate goals and make them our own, creating an enduring partnership. We provide our clients with ongoing detailed information about Southern New Jersey retail space to help them achieve their real estate goals. Our Southern New Jersey commercial real estate services encompass the highest quality of service, proven expertise and a total commitment to client-focused relationships.

Whether you are looking for South Jersey commercial real estate listings, commercial properties, retail listings and retail properties anywhere in the country, Wolf Commercial Real Estate is the premier Southern New Jersey commercial real estate broker that can help you find the retail property that best suits your needs. Our South Jersey commercial real estate experts ensure that the sale or lease terms work hand in hand with your commercial real estate goals. At Wolf Commercial Real Estate, we partner with our clients from the beginning of the relocation analysis process in order to facilitate a smooth transition.

Buying or Selling South Jersey Retail Space

For retail property owners looking to sell or lease their South Jersey retail space, the team at our South Jersey commercial real estate brokerage firm has developed a defined marketing process that we tailor to each property and sub-market. Our proven marketing strategy works effectively to efficiently match buyers and tenants with available Southern New Jersey retail space for sale or lease.

South Jersey retail space and rents are very aggressively priced and market trends show that the region is poised for a massive rebound in retail business. For more information, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com), us at Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

About Us

Wolf Commercial Real Estate is a Southern New Jersey commercial real estate brokerage firm that provides a full range of Southern New Jersey commercial real estate services, marketing commercial offices, medical properties, investment properties, industrial properties, land properties and retail buildings for buyers, tenants, investors and sellers. Please click the links below for listings of Southern New Jersey retail space for sale or lease and other South Jersey commercial real estate listings from Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

Please click the links below for listings of South Jersey Office Spaces for Lease or Purchase.

Click Here for South Jersey Retail Space Listings

Electric go-kart track, amusement center approved for inside former Kmart store in Berlin.

An indoor electric go-kart track in the now-vacant Kmart store at the Berlin Shopping Center has been approved by the borough’s Planning Board.

Monaco E Karting LLC of Mount Laurel will lease 62,000 square feet of the former 92,000-square-foot Kmart store that closed in February 2014 and sits empty in the largely unused plaza on White Horse Pike, according to the plan approved in a resolution last month.

The amusement center would include 24 electric karts, kids’ electric carts, a track-side café, two party rooms, an arcade, a play zone and a Drivers V.I.P. Club Lounge, according to Monaco E Karting’s application.

Monaco E Karting is owned evenly by Giovanni Visceglia of Old Hickory Court in Mount Laurel and Giovanni Taccardi of Enclave Court in Marlton, according to documents filed with the board.

An ax-throwing component for the center was considered but dropped because of insurance considerations, the application notes.

Board members voted 6-0 in favor of the development at the September meeting, with Mayor Rick Miller and Councilman Andrew Simone abstaining, according to the board’s October 12 resolution. Because the amusement center is not a permitted use in the zone, the board granted Monaco E Karting a use variance and approved its site plans.

The application notes that 1892 Broadway Associates Inc. of Philadelphia owns the property.

Besides adding commercial development to the nearly 21 acres at 328 White Horse Pike, the owner also plans 79 two-story townhouses, with a quarter set aside for affordable housing, according to a 2009 settlement agreement between the property owner and the borough. The townhouse plan was not included with the amusement center proposal.

*Article courtesy of 70and73.com

For more information about South Jersey retail space, or other New Jersey and Philadelphia commercial properties, please call 856-857-6300 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading New Jersey and Philadelphia commercial real estate broker that specializes in office space,  retail space, and industrial space.

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

A South Jersey commercial real estate broker with expertise in commercial real estate listings, Wolf Commercial Real Estate provides unparalleled expertise in matching companies and individuals seeking new South Jersey retail space with the commercial properties that best meets their needs.

As experts in South Jersey commercial real estate listings and services, the team at our commercial real estate brokerage firm provides ongoing detailed information about South Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for office space, retail space, or industrial space for sale or lease, Wolf Commercial Real Estate is the South Jersey commercial real estate broker you need – a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey, Philadelphia, and New Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

WCRE Completes Sale to Vision Solar in Blackwood, NJ

WCRE is proud to have exclusively Washington Township Real Estate Associates, LLC in the marketing and disposition of 501 Black Horse Pike, Blackwood, New Jersey to M&J Holdings LLC, a subsidiary of Vision Solar.

501 Black Horse Pike is an approximately 35,000 SF multi-purpose building situated on +/- 5 acres, situated directly on the heavily traveled Black Horse Pike just off Route 42 & The Atlantic City Expressway.

Vision Solar will utilize this property as their new corporate Headquarters for their rapidly growing national solar platform.

The seller of this asset, Washington Township Real Estate Associates LLC, utilized the location for one of many local, former gyms it owned/operated in conjunction with the Jefferson Health System (formerly Kennedy Health Systems).

WCRE’s Ryan Barikian, Vice President represented the buyer, while WCRE’s Mike Scanzano, Senior Advisor represented the seller in this transaction.

*Article courtesy of WolfCRE.com

For more information about South Jersey retail space, or other New Jersey and Philadelphia commercial properties, please call 856-857-6300 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading New Jersey and Philadelphia commercial real estate broker that specializes in office space,  retail space, and industrial space.

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

A South Jersey commercial real estate broker with expertise in commercial real estate listings, Wolf Commercial Real Estate provides unparalleled expertise in matching companies and individuals seeking new South Jersey retail space with the commercial properties that best meets their needs.

As experts in South Jersey commercial real estate listings and services, the team at our commercial real estate brokerage firm provides ongoing detailed information about South Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for office space, retail space, or industrial space for sale or lease, Wolf Commercial Real Estate is the South Jersey commercial real estate broker you need – a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey, Philadelphia, and New Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Home-improvement chains expand their presence in Mount Holly and Cinnaminson

MOUNT HOLLY – Two home-improvement chains have expanded with new stores in Burlington County.

LL Flooring will occupy a 9,600-square-foot store at Fairground Plaza in Mount Holly, while Burlington Design Center will occupy a 3,400-square-foot space at Chestnut Hill Plaza in Cinnaminson, leasing agents say.

LL Flooring, formerly known as Lumber Liquidators, sells hard-surface flooring and accessories at more than 400 stores nationwide.

Burlington Design Center sells paints, stains, window treatments, and other design elements. The company, founded in 2005, currently has locations in Mount Laurel and Florence.

Opening dates for the stores were not announced.

Both stores want to ride a wave of interest in home improvements, leasing agents said.

“This category is well-positioned for strong performance, based on sustained growth in homeowner remodeling and maintenance spending,” said Fred Younkin of Levin Management Corp., leasing and management agent at Fairground Plaza.

The shopping center, anchored by an Acme supermarket, is a 179,000-square-foot shopping center at High Street and Woodpecker Lane.

He noted Fairground Plaza taps a market within a five-mile radius of more than 80,000 residents with an average household income of more than $107,000.

Burlington Design Center also expects to tap “a growing demand for home improvement,” said Monica Walsh of Vantage Commercial, a Cherry Hill realty firm that helped secure the lease.

The Cinnaminson shopping center is on northbound Route 130 at Chestnut Hill Drive.

*Article courtesy of Burlington County Times

For more information about South Jersey retail space, or other New Jersey and Philadelphia commercial properties, please call 856-857-6300 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading New Jersey and Philadelphia commercial real estate broker that specializes in office space,  retail space, and industrial space.

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

A South Jersey commercial real estate broker with expertise in commercial real estate listings, Wolf Commercial Real Estate provides unparalleled expertise in matching companies and individuals seeking new South Jersey retail space with the commercial properties that best meets their needs.

As experts in South Jersey commercial real estate listings and services, the team at our commercial real estate brokerage firm provides ongoing detailed information about South Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for office space, retail space, or industrial space for sale or lease, Wolf Commercial Real Estate is the South Jersey commercial real estate broker you need – a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey, Philadelphia, and New Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

OceanFirst Bank details plans to close 20 branches, including 10 in South Jersey

OceanFirst Bank revealed the locations of 20 branches it plans to close, including 10 in South Jersey.

The closures listed in a filing with the Office of the Comptroller of the Currency include two in Gloucester County, one each in Burlington, Camden and Cumberland counties and five combined in the Jersey Shore counties of Atlantic and Cape May. Here is the list of impacted South Jersey sites:

  • 741 Route 73 South, Marlton
  • 1320 Black Horse Pike, Glendora
  • 141 Egg Harbor Road, Sewell
  • 890 Mantua Pike, Woodbury Heights
  • 1234 W. Landis Blvd., Vineland
  • 320 E. Jimmie Leeds Road, Galloway
  • 2251 Ocean Heights Ave., Egg Harbor Township
  • 105 Roosevelt Blvd., Marmora
  • 1899 Bayshore Road, Villas
  • 3101 New Jersey Ave., Wildwood

During an investor day presentation last month, Toms River, New Jersey-based parent company OceanFirst Financial Corp. (NASDAQ: OCFC) said it would shutter 20 of its existing 58 branches by early next year and reinvest much of the savings into expanding its commercial banking operations into new markets and growing its centralized call center operations in Toms River. The bank also agreed to sell two North Jersey branches to First Bank.

*Article courtesy of Philadelphia Business Journal

For more information about South Jersey retail space, or other New Jersey and Philadelphia commercial properties, please call 856-857-6300 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading New Jersey and Philadelphia commercial real estate broker that specializes in office space,  retail space, and industrial space.

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

A South Jersey commercial real estate broker with expertise in commercial real estate listings, Wolf Commercial Real Estate provides unparalleled expertise in matching companies and individuals seeking new South Jersey retail space with the commercial properties that best meets their needs.

As experts in South Jersey commercial real estate listings and services, the team at our commercial real estate brokerage firm provides ongoing detailed information about South Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for office space, retail space, or industrial space for sale or lease, Wolf Commercial Real Estate is the South Jersey commercial real estate broker you need – a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey, Philadelphia, and New Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Wawa plans to build new Wawa across the street from a Wawa in Mantua

MANTUA – A Wawa in Mantua is getting a new neighbor — another Wawa.

The township’s Land Use Board approved plans Tuesday for a Wawa convenience store and fueling station at Bridgeton Pike and Mount Royal Road.

The 5,585-square-feet store would rise across Bridgeton Pike from an older and smaller Wawa that lacks gas pumps.

A Wawa representative could not be reached Thursday for comment on the existing store’s fate.

The 24-hour store on Bridgeton Pike, also known as Route 45, would be one of more than a dozen Wawa outlets planned or under construction across the state.

The store is among more than a dozen Wawa outlets planned or under construction across New Jersey.

The Pennsylvania-based firm has said it expects fall openings for six stores in South Jersey, including sites at Route 571 and Centennial Boulevard in Gibbsboro; Route 130 and North Park Drive in Pennsauken; and Clements Bridge Road and Greenbriar Court in Deptford.

Fall openings also are planned for stores at Monmouth Road and Route 206 in Springfield; Monmouth and Wrightstown-Georgetown roads in Chesterfield; and Route 49 and Bank Street in Bridgeton, according to Wawa’s website.

Wawa, which opened its first market in 1964, operates more than 860 stores in seven states and the District of Columbia.

*Article courtesy of Courier Post

For more information about South Jersey retail space, or other New Jersey and Philadelphia commercial properties, please call 856-857-6300 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading New Jersey and Philadelphia commercial real estate broker that specializes in office space,  retail space, and industrial space.

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

A South Jersey commercial real estate broker with expertise in commercial real estate listings, Wolf Commercial Real Estate provides unparalleled expertise in matching companies and individuals seeking new South Jersey retail space with the commercial properties that best meets their needs.

As experts in South Jersey commercial real estate listings and services, the team at our commercial real estate brokerage firm provides ongoing detailed information about South Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for office space, retail space, or industrial space for sale or lease, Wolf Commercial Real Estate is the South Jersey commercial real estate broker you need – a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey, Philadelphia, and New Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Wawa Proposes Stores for Cherry Hill Shopping Center, Gloucester Twp. Bakery Site

Barclay Farms, Cherry Hill, NJ

CHERRY HILL – Wawa is pursuing plans for a new store and fueling station at a Route 70 retail center.

The convenience store at Barclay Farms Shopping Center would be one of at least two Wawas proposed for sites in Camden County.

The chain also wants to build a store on Blackwood-Clementon Road in Gloucester Township. That outlet would rise at the 1.8-acre of a former Entenmann’s Bakery near Cherrywood Drive.

A Wawa representative could not be reached for immediate comment on the planned stores.

Cherry Hill’s planning department has received Wawa’s application for the Barclay Farms site and is reviewing it for “completeness and planning/engineering compliance,” township spokeswoman Michelle Caffrey said Monday.

The planning board has not scheduled a date to consider the proposal, she said.

Wawa previously submitted a concept plan to Cherry Hill that envisioned a 5,600-square-foot store at the Barclay Farms center. It proposed locating the project in an area of the parking lot that has been used for the sale of Christmas trees.

The site is across Route 70 from a Wawa ‘”legacy” store built in 1973. That store is one of seven Wawas in Cherry Hill.

Gloucester Township’s zoning board will consider its Wawa application on June 23.

Wawa began in 1803 as an iron foundry in South Jersey. Now based in suburban Philadelphia, it operates almost 900 stores in six states and the District of Columbia.

The company in December opened its first store with a drive-thru window, a pilot project in Westampton.

*Article courtesy of Courier Post

For more information about South Jersey retail space, or other New Jersey and Philadelphia commercial properties, please call 856-857-6300 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading New Jersey and Philadelphia commercial real estate broker that specializes in office space,  retail space, and industrial space.

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

A South Jersey commercial real estate broker with expertise in commercial real estate listings, Wolf Commercial Real Estate provides unparalleled expertise in matching companies and individuals seeking new South Jersey retail space with the commercial properties that best meets their needs.

As experts in South Jersey commercial real estate listings and services, the team at our commercial real estate brokerage firm provides ongoing detailed information about South Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for office space, retail space, or industrial space for sale or lease, Wolf Commercial Real Estate is the South Jersey commercial real estate broker you need – a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey, Philadelphia, and New Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Pep Boys is Closing More Stores

Pep Boys — Manny Moe & Jack, the iconic Philadelphia company that is marking its 100th year keeping drivers on the road continues to close its familiar auto parts stores, as owner Icahn Enterprises shifts out of retail to concentrate on repairs and tire sales, employees say.

Staff at the company’s Cherry Hill and Marlton locations in South Jersey say they were told earlier this week that those stores will close this summer, though garages and tires will remain. A Pep Boys in Turnersville is also expected to close. Stores in Audubon and Stratford closed earlier this year. Stores in Cinnaminson and Berlin will stay open, employees said.

Pep Boys locations in Philadelphia, Wilmington, and their suburbs have so far remained in business, along with attached Pep Boys garages and tire outlets, though some of the retail stores have cut operating hours, for example closing at 7 p.m. instead of 9 p.m.

The chain’s retail stores in the Rio Grande Valley of South Texas are also set to close, the Valley Morning Star reported May 5. In all, an additional 100 stores around the United States are slated for closure or sale to other owners, according to a Pep Boys management official who spoke on condition that he not be identified.

That’s in addition to 109 Western stores that the company said in March will be taken over by rival Advance Auto Parts during the course of this year.

Pep Boys has also closed clusters of stores in the Detroit, Pittsburgh, and Seattle areas, and in New Mexico and Louisiana, among other states, since early last year. The company, whose managers are now scattered among several cities, sold its headquarters at 3111 W. Allegheny Ave. in Upper North Philadelphia to a group of real estate investors last fall but continues to occupy part of it.

Icahn, which once operated more than 500 Pep Boys retail stores and a larger number of garages, has stopped publishing current store counts.

Besides the stores closing, “there are additional retail stores closing to prepare for conversion to another retailer,” said Arianna Sherlock, spokeswoman for the company. She said Pep Boys now operates about 1,000 service centers, including several newly opened, and plans to open more later this year. She w

The company’s retail auto parts sales tumbled by $50 million, to $276 million, in the first three months of this year, compared with a year ago, its report shows.

Most of the drop was due to store closings “in low-volume, non-core markets,” which left Pep Boys less unprofitable, Keith Cozza, chief executive of Florida-based Icahn Enterprises, told investors at an April conference. Store closings speeded up, he said, because of the pandemic, which reduced commuting, tourism and car demand last year.

Auto servicing income rose during the same period, by around $13 million, to $322 million, eclipsing retail sales. Even with lower store sales, “you should see a dramatic improvement in profitability,” thanks to digital technology that speeds parts to where they are needed and makes it easier to set service and tire appointments, Cozza added.

Pep Boys was founded by four World War I Navy veterans with an initial store at 63rd and Market Streets where West Philadelphia met the growing auto-friendly suburbs. The company grew up with the nation’s personal-vehicle obsession. But as a public company, in recent decades Pep Boys struggled to show the growth needed to keep profits and share prices high and avoid a takeover.

ould not provide a number for the remaining retail stores.

In 2016, billionaire takeover specialist Carl Icahn, whose interests range from casinos to energy utilities, bought Pep Boys for $1 billion, outbidding Japanese-American tiremaker BridgestoneFirestone.

Icahn hoped to weld Pep Boys with other auto chains he bought including Montgomery County-based transmission shop specialist Aamco and his auto parts manufacturing plants to create a profitable transportation group.

But Icahn, under pressure from mounting debt and falling oil prices, sold the parts manufacturing group in 2018, and his automotive-group managers have lately sought to focus on service and tires — things that can’t be sold as easily by online competitors as Pep Boys’ fix-it-yourself store items.

The company has said it still expects to keep stores in regional markets where the business is profitable.

*Article courtesy of The Inquirer

For more information about New Jersey or Philadelphia retail space, or other New Jersey and Philadelphia commercial properties, please call 856-857-6300 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading New Jersey and Philadelphia commercial real estate broker that specializes in both New Jersey and Philadelphia office space, New Jersey and Philadelphia retail space, and New Jersey and Philadelphia industrial space.

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

A New Jersey and Philadelphia commercial real estate broker with expertise in New Jersey and Philadelphia commercial real estate listings, Wolf Commercial Real Estate provides unparalleled expertise in matching companies and individuals seeking new New Jersey and Philadelphia retail space with the New Jersey and Philadelphia commercial properties that best meets their needs.

As experts in both Philadelphia and New Jersey commercial real estate listings and services, the team at our commercial real estate brokerage firm provides ongoing detailed information about Philadelphia and New Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for New Jersey or Philadelphia office space, Philadelphia or New Jersey retail space, or New Jersey or Philadelphia industrial space for sale or lease, Wolf Commercial Real Estate is the New Jersey and Philadelphia commercial real estate broker you need – a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey, Philadelphia, and New Jersey commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Investors Bancorp Closes 10 Branches, Including Four in South Jersey

Investors Bancorp closed 10 of its 157 branches this month, including four in South Jersey, as it prepares to add eight from Berkshire Hills Bancorp.

According to the New Jersey Department of Banking and Insurance, Short Hills-based Investors (NASDAQ: ISBC) shuttered the following South Jersey branches:

    • 1006 Kresson Road in Voorhees, Camden County
    • 320 Evesboro-Medford Road in Marlton, Burlington County
    • 52 Main St. in Vincentown, Burlington County
    • 101 N. Broadway in Pitman, Gloucester County

Also closed were locations in Washington Township, Freehold, Clark and Brunswick in North Jersey, as well as Brooklyn and Queens in New York.

In an email response to an inquiry, Investors did not specifically state why those branches were closed. It said that it continually reviews its branch network “with the goal of best serving our customers while improving operating efficiencies.” Virtually every bank is re-evaluating retail branch networks after the pandemic forced even some of the more technology-averse customers to adapt to online and mobile banking.

Wells Fargo closed 329 of its 5,200 branches last year and has plans to close about 250 this year. TD Bank recently filed to close 81 of its 1,223 branches, including 11 in this region. PNC closed 160 branches last year and plans to close another 120 this year. Citizens eliminated 50 branches last year and 56 so far this year, including four in this region. When the parent company of WSFS Financial Corp. recently announced plans to acquire Bryn Mawr Bank Corp., it said it would shutter 40 of the combined bank’s 130 locations.

Investors now has 147 branches, including 101 in New Jersey and 46 in New York. Of those New Jersey branches, it has seven in Burlington County (Bordentown, Burlington, Columbus, Maple Shade, Medford, Moorestown and Mount Laurel), three in Gloucester County (Glassboro, Sewell and Williamstown) and one in Camden County (Cherry Hill).

The bank obtained its South Jersey presence via two separate deals a month apart. It entered Burlington and Camden counties through its acquisition of Robbinsville-based Roma Bancorp in December 2013 and the Gloucester County sites came from the January 2014 purchase of Sewell-based Gateway Community Financial Corp. Through those two deals, Investors has become the 17th-largest deposit taker in the Philadelphia region with $1.8 billion in deposits.

The bank seemed poised for further expansion after raising more money by holding a second-step conversion from a mutual holding company to a full publicly traded company. But in January 2017, the bank’s push into the Philadelphia area stalled after it agreed to a mutual termination of its planned $154 million acquisition of The Bank of Princeton. Approval of that deal was delayed by a 2016 enforcement order with the FDIC and New Jersey Department of Banking and Insurance regarding its Bank Secrecy Act Anti-Money Laundering compliance.

The order was lifted in 2018 and Investors bought Gold Coast Bancorp in Islandia, New York, for $63.6 million in 2019. But the $25.8 billion-asset bank has always wanted to expand further into the Philadelphia region.

Investors finally crossed the Delaware River after agreeing in December to buy eight branches in Central New Jersey and southeastern Pennsylvania from Boston-based Berkshire Hill Bancorp, ending the latter’s four-year brick-and-mortar retail presence in this region.

The deal will give Investors its first Pennsylvania branches in Yardley and Horsham as well as expand its presence in nearby Central New Jersey with sites in Lawrenceville, Hamilton, Robbinsville, Mercerville, East Windsor, and Kingston. The deal, which Investors CEO Kevin Cummings told analysts during the bank’s first-quarter earnings call includes “approximately $300 million in loans and $600 million in deposits,” is expected to close in the first half of 2021.

Cummings, who a spokeswoman said was not available to speak Wednesday, told analysts that the bank had recently agreed to a marketing partnership with Minor League Baseball’s Trenton Thunder, which is in the same market as the branches it will inherit from Berkshire.

*Article courtesy of Philadelphia Business Journal

For more information about New Jersey or Philadelphia retail space, or other New Jersey and Philadelphia commercial properties, please call 856-857-6300 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading New Jersey and Philadelphia commercial real estate broker that specializes in both New Jersey and Philadelphia office space, New Jersey and Philadelphia retail space, and New Jersey and Philadelphia industrial space.

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

A New Jersey and Philadelphia commercial real estate broker with expertise in New Jersey and Philadelphia commercial real estate listings, Wolf Commercial Real Estate provides unparalleled expertise in matching companies and individuals seeking new New Jersey and Philadelphia retail space with the New Jersey and Philadelphia commercial properties that best meets their needs.

As experts in both Philadelphia and New Jersey commercial real estate listings and services, the team at our commercial real estate brokerage firm provides ongoing detailed information about Philadelphia and New Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for New Jersey or Philadelphia office space, Philadelphia or New Jersey retail space, or New Jersey or Philadelphia industrial space for sale or lease, Wolf Commercial Real Estate is the New Jersey and Philadelphia commercial real estate broker you need – a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey, Philadelphia, and New Jersey commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Dunkin’ Steps on the Gas in Push for Drive-Thru Service

MEDFORD – How much does the Dunkin’ chain-like drive-thru service?

Well, a Maple Shade franchisee is planning to leave its walk-in store at a Route 73 shopping center for another site — in the same complex — that will allow customers to order from their cars.

A Somerdale operator wants approval to add a drive-thru lane at a White Horse Pike location, while a take-out window’s already evident in a store being built on Route 73 in Mount Laurel.

And a Medford developer just won an appeals court decision in its battle to build a drive-thru Dunkin’ near the busy intersection of Taunton and Tuckerton roads.

Monday’s appellate ruling allows developers James and David DePetris to return to Medford’s zoning board, which previously rejected the proposed Dunkin due to potential traffic problems from drive-thru service.

The ruling said a board resolution, which detailed reasons for the denial, failed to address the developers’ offer to ban left turns from the restaurant during the peak hours of 7 to 9 a.m.

The restriction was offered “in direct response” to concerns raised by board members, residents, and the township engineer, the ruling noted.

By staying silent on the offer, the board had not shown it “rigorously performed the required analysis,” the appellate court said.

It ordered the application to be returned to the Medford board “for further consideration and the issuance of a new resolution.”

“We were pleased with the court’s decision. It hit right on target,” said James DePetris, whose firm previously lost a lower-court challenge to the zoning board’s rejection.

The 17-page ruling made clear the importance of drive-thru service to Dunkin’, noting the Medford store projected its take-out window would serve more than 100 customers per hour during the morning rush.

It cited testimony from a traffic engineer that 95 percent of Dunkin’ sales on weekdays occur between 7:15 and 8:30 a.m.

“It’s definitely a sign of the times, particularly with concerns over COVID,” DePetris said of the emphasis on drive-thru service. “People find this is safe and convenient.”

Drive-thru lanes also attract customers with children “who don’t want to get out of the car and bring the kids into the store,” added David DePetris.

The appeals court noted an attorney for the board had expressed concern that drivers would ignore the restriction on left turns during the morning rush.

But it said those “non-evidential comments … although perhaps intuitively correct, cannot salvage the (board resolution’s) omission.”

The 1,800-square-foot Dunkin’ would be part of a 6,800-square-foot shopping center at the one-acre site of a former PNC Bank on Taunton Road, the ruling said.

The zoning board’s attorney, Christopher Norman, noted the panel “relied upon other reasons to justify its denial in its resolution.” He asserted the project “proposed an overdevelopment of the site with three retails uses in addition to the Dunkin’.”

He said the board “may reaffirm its findings if warranted on non-traffic-related issues.”

“And the board may also find that DePetris’s traffic mitigation measures still do not adequately address existing off-site traffic problems,” Norman said.

James DePetris said his firm expects “to go back to the board with a revised, compromise plan.”

“Our mission is to begin to improve that intersection,” said DePetris, whose company operates The Village at Taunton Forge shopping center opposite the Taunton Road development site.

In Maple Shade, the planning board has approved the proposed move for a Dunkin’ on the 2800 block of Route 73.

The project is now in the permitting stage, and construction is underway for a Dunkin’ at Ramblewood Shopping Center at Route 73 and Ramblewood Parkway in Mount Laurel, according to a representative for both stores.

Somerdale’s planning board on May 26 is expected to consider a proposal to remodel and add a drive-thru lane at a Dunkin’ at White Horse Pike and Grant Avenue.

*Article courtesy of Courier Post Online

For more information about New Jersey or Philadelphia retail space, or other New Jersey and Philadelphia commercial properties, please call 856-857-6300 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading New Jersey and Philadelphia commercial real estate broker that specializes in both New Jersey and Philadelphia office space, New Jersey and Philadelphia retail space, and New Jersey and Philadelphia industrial space.

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

A New Jersey and Philadelphia commercial real estate broker with expertise in New Jersey and Philadelphia commercial real estate listings, Wolf Commercial Real Estate provides unparalleled expertise in matching companies and individuals seeking new New Jersey and Philadelphia retail space with the New Jersey and Philadelphia commercial properties that best meets their needs.

As experts in both Philadelphia and New Jersey commercial real estate listings and services, the team at our commercial real estate brokerage firm provides ongoing detailed information about Philadelphia and New Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for New Jersey or Philadelphia office space, Philadelphia or New Jersey retail space, or New Jersey or Philadelphia industrial space for sale or lease, Wolf Commercial Real Estate is the New Jersey and Philadelphia commercial real estate broker you need – a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey, Philadelphia, and New Jersey commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

WCRE Completes Ground Lease with Republic Bank at Pep Boys Plaza

Pep Boys Plaza Cinnaminson NJ

WCRE is proud to have successfully represented 202 Route 130, LLC in the exclusive leasing and marketing of an approximately 1-acre pad site in Cinnaminson, New Jersey to Republic Bank.

In 2014 Republic Bank launched their “The Power of Red is Back” growth plan and began rapidly expanding their community footprint throughout southern New Jersey and the Metro Philadelphia region with their revolutionary, all-glass cube stores.

Pep Boys Plaza is situated along the heavily traveled Route 130 located in the heart of the Cinnaminson Business District trade area. This highly visible retail center provides excellent visibility and access to some of the region’s most prestigious retail, health care providers, and corporate office users. Other tenants in this retail center include Pep Boys, Subway, Zio’s Tuscan Grill, and Eastern Dental.

Additional space is available for lease ranging in size from 1,600-5,000 SF.

Jason Wolf, Managing Principal & John Mozzillo, Executive Vice President exclusively represented the Landlord in this long-term lease transaction.