Friday, January 30, 2015

Center City: New, moved and returned retailers

Children's Place relocates, Krispy Kreme returns, Jack Wills moves south, BofA leaves a void

Center City: New, moved and returned retailers

Children's Place is leaving Walnut St. for 1535 Chestnut St. across from Shoppes at Liberty Place. Metro Commercial Real Estate local boss Steven Gartner says his VP Dan Brickner signed the kid-stuff retailer to the site for landlord Brahin Properties. (Corrected)

Krispy Kreme has also signed for a space at 1535 Chestnut, with Metro's Mike Gorman, who is scouting other properties for the Southern sticky dessert chain's attempt to return to Philly.

Meanwhile "British goods for the University crowd" purveyor Jack Wills has agreed to fill the former Jennifer Convertibles location at 1617 Walnut St. The chain also has stores around Boston. Metro's Gartner and Gorman signed the deal with landlord Rosenberg Family Trust. Michael Salove and Madison Retail Group represented Wills.

Metro is looking for tenants for the southeast corner of 15th and Walnut, left vacant by  Bank of America which has moved to Locust St. Gartner and Gorman say landlord Midwood Investment & Development is willing to replace existing tenants alongside to lease "up to 45,000 square feet" under a planned renovation due by 2013.

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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