Thursday, December 18, 2014

Timberland, Banana Republic pick Center City stores

1709 Walnut; 1911 Chestnut

Timberland, Banana Republic pick Center City stores

Participants pass a Timberland brand stand at a trade show on Jan. 15, 2014 in Berlin, Germany. (Carsten Koall / Getty Images)
Participants pass a Timberland brand stand at a trade show on Jan. 15, 2014 in Berlin, Germany. (Carsten Koall / Getty Images)

At 1709 Walnut St. in Center City, bootmaker Timberland "has leased 5,800 sq. ft. for its Philadelphia flagship store, which it plans to have open by the fall," Steve Gartner of Metro Commercial Real Estate Inc. tells me in a note this afternoon. The site was last home to Alfa, the restaurant. Metro's Michael Gorman represented the Rittenhouse Row property owner, James Downey of Cushman & Wakefield assisted Timerland.

Banana Republic has leased all of 1911 Chestnut St. (6,600 sq. ft.) for its "Factory Store" variant. The site is a former State Store and faces renovation. Gartner says he negotiated the deal with owner Pearl Properties.

The Banana Republic store fronts the Gap Factory Outlet and the pending iPix Theater at the ex-Boyd across the street. 

Joseph N. DiStefano
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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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