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

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.

South Jersey Retail Space for Sale in Haddon Heights

612 Station Ave Haddon Heights New Jersey

Wolf Commercial Real Estate, the foremost South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, now is offering a premier multi-family investment opportunity with this South Jersey retail space for sale at 612 Station Avenue Haddon Heights NJ.

While this South Jersey retail building for sale has a retail storefront, there also are two living units as part of this South Jersey retail space for sale. There is a two-bedroom, one-bath apartment at this retail space in South Jersey at 612 Station Avenue Haddon Heights NJ, along with a studio apartment.

This two-story retail space in South Jersey is available through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

There is a 100 percent payment history available for the rental units at this South Jersey retail space for sale at 612 Station Avenue Haddon Heights NJ and, on that same topic, those units at this retail space in South Jersey currently are fully occupied.

This South Jersey retail building for sale sits at a prime location in downtown Haddon Heights and this retail space in South Jersey at 612 Station Avenue Haddon Heights NJ is within a one-mile radius of numerous shopping and restaurant options.

This retail building for sale in South Jersey offers easy access to the White Horse Pike and this retail space in South Jersey, which is available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm, is also near Interstate 295 and the New Jersey Turnpike.

Nearly 334,000 people live within five miles of this South Jersey retail space for sale at 612 Station Avenue Haddon Heights NJ and the average household income within that same radius of this retail space in South Jersey is $74,075.

For more information about this South Jersey retail space for sale at 612 Station Avenue Haddon Heights NJ or about any other South Jersey commercial properties for sale or lease, please contact Phil Costa (215-799-6195; phil.costa@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

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

As One South Jersey Mall Comes Down, Others See Need for Change

A long-deserted mall here is finally seeing a burst of activity.

But it’s coming from a demolition crew.

Workers are razing the Burlington Center in a months-long project that will smash the Sears store, pulverize JCPenney, and even flatten the food court.

The redevelopment project — expected to make way for distribution centers and retail uses at a 275-acre site — isn’t the only big change coming to a South Jersey mall.

A hotel and some 1,000 apartments are in the works at Moorestown Mall, where an empty Sears store will be converted to medical offices, according to the shopping center’s owner.

And despite a setback for an earlier redevelopment effort, officials in Voorhees are still hoping to find a new use for the former — and fast-fading — Echelon Mall.

Indoor malls once dominated South Jersey’s retail landscape, but that was back when Amazon was the name of a river and shopping from home meant a Tupperware party.

Now, shopping center operators say their properties must find new uses in the face of increased competition from online sellers and the demise of many brick-and-mortar retailers.

And local officials are encouraging the trend by declaring some malls to be redevelopment zones — a step taken in Burlington Township, Moorestown and Voorhees.

With anchor stores going under, PREIT is changing the mix of tenants at properties that include Cherry Hill Mall and Cumberland Mall in Vineland.

“We have been reducing the percentage of traditional mall tenants and increasing the share of space dedicated to dining, entertainment, fast fashion, off price, and large format box tenants,” the Philadelphia-based firm notes in its annual report for 2020.

PREIT announced plans this month for Cooper University Healthcare to occupy more than 165,000 square feet in a former Sears store at Moorestown Mall.

Another closed anchor at the Moorestown complex, Lord + Taylor, is being used for a COVID-19 vaccination center.

Newcomers elsewhere include the mall operator’s first Aldi grocery store in Massachusetts and a 100,000-square-foot family entertainment center in South Carolina, said Joseph Coradino, the firm’s chairman and CEO.

He also noted plans for a 60,000-square-foot self-storage center at a Maryland mall.

“Demand is robust from uses far beyond traditional retail,” Coradino told a recent conference call with investment analysts.

PREIT is eager to put hotels and apartments at suitable malls, most likely in the Philadelphia and Washington, D.C., regions, he said.

Land sales to developers would generate cash for PREIT, and the projects — once new residents and hotel guests arrive — would provide customers for mall merchants, says the annual report.

Meanwhile, mall operators must grapple with chain-store bankruptcies, changing consumer habits and economic upheaval from the pandemic.

PREIT, for instance, restructured its finances last year under bankruptcy protection and this month reported a net loss for 2020 of $286.9 million. The year-long deficit resulted in part from a $148.5 million write-down on the value of PREIT’s premier property, a three-block shopping center known as Fashion District Philadelphia.

Similarly, the Deptford Mall’s owner, The Macerich Co., reported a net loss of $230.2 million last year. That compared to a 2019 profit of $96.8 million for the California firm.

According to the International Council of Shopping Centers, mall occupancy rates fell last year to 88.1 percent — well below the 2016 level of 93.6 percent.

The organization also said retailers are a dwindling presence in one-time shopping palaces. Retailers occupied 65.8 percent of shopping-center space in 2020, down from 73.6 percent in 2014.

In contrast, “non-retail/non-food” tenants took 26 percent of shopping center space in 2020. That was up from 19.5 percent in 2014, the council said.

Voorhees officials in February 2019 described a “framework” to revive the former Echelon Mall with up to 330 homes and new commercial uses.

“The vision may include a microbrewery with a beer garden, wine bar, indoor sports complex and theater,” Mayor Michael Mignogna said at that time.

The extensive makeover, possibly including a 112,000-square-foot hotel, was expected to transform the Somerdale Road mall, which now has an empty Macy’s store and multiple smaller vacancies.

But the designated redeveloper, Brandywine Financial Services Corp., backed off after the pandemic struck last year, said Mario DiNatale, the township’s director of community and economic development.

“Here, as around the world, COVID-19 caused most developers to take pause for any substantial development,” said DiNatale.

He said township officials “have remained in communication” with Brandywine and other potential redevelopers, “but we do not anticipate much progress until business normalcy returns.”

Burlington Township officials spent almost 15 years pursuing redevelopment of Burlington Center, a two-level mall set back from Burlington-Mount Holly Road.

The shopping center was built in 1982 by the Maryland-based Rouse Co., which developed Cherry Hill Mall in 1961 and Echelon Mall in 1969. It closed in January 2018, after losing a steady stream of tenants and then being flooded by burst pipes.

A draft redevelopment plan calls for up to three warehouses or distribution centers with a combined capacity of up to 2 million square feet.

Smaller retails buildings would be clustered on a 40-acre tract.

Allowed uses at the site would include medical facilities, convenience stores, wholesale clubs and “branded full service hotels,” according to the November 2020 draft plan.

Two prospective tenants, including a national fast-food chain, have signed letters of intent to occupy free-standing buildings, according to the leasing agent, Equity Retail Brokers of Plymouth Meeting, Pa.

Homes are to be built later on about 50 acres on the other side of Bromley Boulevard, an area that’s not part of the mall redevelopment area, said Scott Hatfield, the township’s engineer.

The redeveloper — a partnership of MRP Industrial and Clarion Partners — declined to comment on the project. The firms previously built a warehouse complex at the site of a former Hercules Inc. chemical plant in the township.

Earlier efforts to revive the mall site with retail uses, dating back to 2007, “have been thwarted throughout the years,” says a township ordinance that recently established a redevelopment zone there.

Obstacles to redevelopment have included “a proposed hazardous waste incinerator,” extensive wetlands and the need for highway improvements, it said.

But a major hurdle was overcome in 2019 when MRP Industrial told township officials it controlled enough property to redevelop the site “with a mix of uses to include housing, retail and both market-rate and affordable housing.”

Demolition work, expected to end by September, will also remove a former Taylor Rental store and a now-closed Chuck E Cheese restaurant near the mall, said Hatfield.

All of the changes won’t make retail disappear, said Coradino at PREIT, which counts Cherry Hill Mall as the second-most successful shopping center in its 20-mall line-up.

“Business will return in a significant way for retailers, restaurants and entertainment in the brick-and-mortar format,” he said of the post-pandemic era.

“Our plan to diversify our offerings has crystallized over the past year,” said Coradino. “However, retail will remain at the core.”

*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.

South Jersey Retail Space for Lease on the White Horse Pike

Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, now has available South Jersey retail space for lease at 116 North White Horse Pike Lawnside NJ.

This well-kept South Jersey retail space has +/- 5,800 square feet available at 116 North White Horse Pike Lawnside NJ. This South Jersey retail space for lease is a shared building with long-time tenant VG Liquors and there is monument signage available at this South Jersey retail space.

Please call for the asking lease price for this South Jersey retail space at 116 North White Horse Pike Lawnside NJ. This retail space in South Jersey is available through Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

Located on the highly travelled White Horse Pike/Route 30, this South Jersey retail space for lease at 116 North White Horse Pike Lawnside NJ has an average of 20,000 vehicles drive by each day. This South Jersey retail space for lease also has ample parking of 20 spaces in a well-maintained lot.

This South Jersey retail space for lease at 116 North White Horse Pike Lawnside NJ offers easy access to Interstate 295, Kings Highway, Warwick Road, and other area arteries. This South Jersey retail space is near various restaurants and other amenities.

There are many well-known tenants surrounding this South Jersey retail space for lease available through Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker. Among the retail businesses nearby this retail space in South Jersey at 116 North White Horse Pike Lawnside NJ are Home Depot, ShopRite, and Wendy’s.

For more information about this South Jersey retail space for lease, or about any other South Jersey commercial properties for sale or lease, please contact Phil Costa (215-799-6195; phil.costa@wolfcre.com) or Ryan Barikian (856-857-6307; ryan.barikian@wolfcre.com) at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker 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 South Jersey commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of South Jersey commercial properties for sale or lease through our South Jersey commercial real estate brokerage firm.

South Jersey Retail Space with High Visibility for Sale or Lease in Brooklawn

Wolf Commercial Real Estate, the foremost South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, is now offering high visibility South Jersey retail space for sale or lease at 302 Crescent Boulevard Brooklawn NJ.

There is a total of +/- 7,400 sf at this South Jersey retail space for sale or lease at 302 Crescent Boulevard Brooklawn NJ: +/- 5,000 sf of warehouse space and +/- 2,400 sf of retail space in South Jersey.

The asking sale price for this retail space in South Jersey at 302 Crescent Boulevard Brooklawn NJ is $775,000 while the asking lease price is $8.50 sf at this South Jersey retail space for sale or lease.

This South Jersey retail space for sale or lease has great visibility with its Route 130 frontage and, in addition, a new roof was installed at this South Jersey retail space for sale or lease in 2015. There is easy access to Interstate 295, the New Jersey Turnpike, and the Black Horse Pike from this retail space in South Jersey.

This retail space in South Jersey is available through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

There also is a drive-in garage door and a 16-foot ceiling height at this retail space in South Jersey in addition to 1 and 3 phase electric service. This retail space in South Jersey is available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

Nearly 405,000 potential customers live within five miles of this South Jersey retail space for sale or lease at 302 Crescent Boulevard Brooklawn NJ and the average household income within that same radius of this retail space in South Jersey is $65,378.

For more information about this South Jersey retail space for sale or lease at 302 Crescent Boulevard Brooklawn NJ or about any other South Jersey commercial properties for sale or lease, please contact Bethany Brown (856-857-6396; bethany.brown@wolfcre.com) or Phil Costa (609 680 4942; phil.costa@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of South Jersey commercial properties for sale or lease through our South Jersey commercial real estate brokerage firm.

South Jersey Retail Space for Lease in Lawnside

Wolf Commercial Real Estate, the foremost South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, now is offering well-kept South Jersey retail space for lease at 116 North White Horse Pike Lawnside NJ.

There is +/-5,800 sf of retail space in South Jersey in this building that is shared with long-time tenant VG Liquors. There is monument signage available at this South Jersey retail space for lease at 116 North White Horse Pike Lawnside NJ.

Please call for information about the asking lease price for this retail space in South Jersey. This South Jersey retail space for lease at 116 North White Horse Pike Lawnside NJ is available through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

There is ample parking at this retail space in South Jersey. The well-maintained parking lot at this South Jersey retail space for lease at 116 North White Horse Pike Lawnside NJ has more than 20 spaces. There is easy access to Interstate 295 from this retail space in South Jersey.

Multiple national tenants such as Home Depot, ShopRite, and Wendy’s surround this retail space in South Jersey. This retail space in South Jersey is available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

This South Jersey retail space for lease at 116 North White Horse Pike Lawnside NJ is on the heavily travelled White Horse Pike/U.S. Highway 30. More than 20,000 vehicles a day pass by this retail space in South Jersey.

For more information about this South Jersey retail space for lease at 116 North White Horse Pike Lawnside NJ or about any other South Jersey commercial properties for sale or lease, please contact Phil Costa (215-799-6195; phil.costa@wolfcre.com) or Ryan Barikian (856-857-6307; ryan.barikian@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Highly Visible South Jersey Retail Space for Sale or Lease in Brooklawn

Wolf Commercial Real Estate, a leading South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, is now offering highly visible retail space in South Jersey for sale or lease at 302 Crescent Boulevard Brooklawn NJ.

This South Jersey retail space for sale or lease in Brooklawn has +/- 7,400 sf of divisible space, which breaks down to +/-5,000 sf of warehouse space and +/- 2,400 sf of retail space in South Jersey for sale or lease.

The asking lease price for this retail space in South Jersey is $8.50/sf and the asking sale price for this retail space in South Jersey is $775,000. This retail space in South Jersey for sale or lease is available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

This South Jersey retail space for sale or lease at 302 Crescent Boulevard Brooklawn NJ has great visibility with Route 130 frontage. With easy access to Interstate 295, the New Jersey Turnpike, and the Black Horse Pike, this retail space in South Jersey in close to numerous retail and restaurant establishments.

There is a drive-in garage door at this retail space in South Jersey there are 17 parking spaces at this retail space for sale or lease in South Jersey. In addition, this retail space in South Jersey had a new roof installed in 2015, and there are 16-foot ceilings at this retail space in South Jersey.

The average household income within five miles of this retail space in South Jersey at 302 Crescent Boulevard Brooklawn NJ is $65,378 and there are nearly 404,000 residents living within a five-mile radius of this retail space in South Jersey. This South Jersey retail space for sale or lease is available through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

For more information about this South Jersey retail space for sale or lease in South Jersey at 302 Crescent Boulevard Brooklawn NJ, about other retail space in South Jersey, or about any other South Jersey commercial properties for sale or lease, please contact Bethany Brown (856-857-6396; bethany.brown@wolfcre.com) or Phil Costa (215-799-6195; phil.costa@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker 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 South Jersey commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.