Cherry Hill Mall a bright spot for money-losing shopping center operator

Cherry Hill Mall, Cherry Hill, NJ

The owner of three South Jersey malls has reported a multi-million-dollar loss for a fourth year running.

But Philadelphia-based PREIT said last year’s deficit narrowed to $160.1 million, compared to a $286.8 million net loss attributable to shareholders in 2020.

And company executives, while acknowledging the need to reduce debt through property sales, pointed to Cherry Hill Mall as a bright spot in PREIT’s operations.

The Route 38 mall has become the firm’s top performer after “tremendous sales growth” in the past year, said Heather Crowell, a PREIT spokesperson.

Cherry Hill Mall led all PREIT properties with sales of almost $1,000 per square foot in January, noted Joseph Coradino, the firm’s chairman and CEO.

*Article courtesy of CourierPost

For more information about this Cherry Hill retail space or about any other Cherry Hill commercial properties for sale or lease, please contact the team at Wolf Commercial Real Estate, a Cherry Hill commercial real estate broker at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Cherry Hill commercial real estate broker that provides a full range of Cherry Hill commercial real estate listings and services related to this retail space.

Wolf Commercial Real Estate also offers property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail spaces, and other Cherry Hill commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of Cherry Hill commercial properties for lease or sale through our Cherry Hill commercial real estate brokerage firm.

WCRE Appointed Exclusive Agent for Short Hills Town Center in Cherry Hill, NJ

Short Hills, Cherry Hill, NJ

Wolf Commercial Real Estate (WCRE) is pleased to announce that it has been appointed exclusive leasing agent by Town Center at Short Hills I, LLC for its recently acquired 40,764 square foot mixed-use retail and professional property located at 480-488 Evesham Road, Cherry Hill, New Jersey.

Among many desirable attributes, the Short Hills Town Center features a prominent neighborhood center with in-line spaces for lease in an affluent area of Cherry Hill, New Jersey.
This newly redeveloped retail and professional center is currently under construction and offers excellent visibility and signage.  The property is located at a signalized intersection and situated on the border of Cherry Hill and Voorhees Townships. Join Starbucks (with drive-thru) and Wells Fargo bank. With the new redevelopment at the Short Hills site, there will now be a right-turn into the property entrance from Evesham Road Harry Rosenblum, Partner, Town Center at Short Hills Cherry Hill I, LLC said, “we are excited to be working with WCRE’s leasing team of Eric Flocco and Evan Zweben, and our ownership team is confident that they will be very successful in marketing this premier neighborhood Town Center.”

*Article courtesy of CityBiz

WCRE is a full-service commercial real estate brokerage and advisory firm specializing in office, retail, medical, industrial and investment properties in Southern New Jersey and the Philadelphia region. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals, our commitment to the community, and our highly personal approach to client service, WCRE is creating a new culture and a higher standard. We go well beyond helping with property transactions and serve as a strategic partner invested in your long term growth and success.

Seafood restaurant, apparel chain coming to Cherry Hill Mall

CHERRY HILL – A seafood restaurant and a women’s apparel chain from Germany are coming to Cherry Hill Mall, the shopping center’s owner has announced.

Eddie V’s, one of several chains operated by Darden Restaurants Inc., is expected to open at the mall this fall, according to Philadelphia-based PREIT.

The apparel chain, Marc Cain, is set to arrive in March.

The newcomers are among 20 tenants who have leased more than 50,000 square feet at the mall, which PREIT described as a “trophy asset.”

*Article courtesy of Courier Post 

For more information about this Cherry Hill retail space or about any other Cherry Hill commercial properties for sale or lease, please contact the team at Wolf Commercial Real Estate, a Cherry Hill commercial real estate broker at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Cherry Hill commercial real estate broker that provides a full range of Cherry Hill commercial real estate listings and services related to this retail space.

Wolf Commercial Real Estate also offers property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail spaces, and other Cherry Hill commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of Cherry Hill commercial properties for lease or sale through our Cherry Hill commercial real estate brokerage firm.

Premier Cherry Hill Retail Space for Lease on Haddonfield Berlin Road

Wolf Commercial Real Estate, a leading Cherry Hill commercial real estate broker, is now offering premier Cherry Hill retail space for lease. This retail space in Cherry Hill, ideal for either retail or office use, is at 1506 Haddonfield Berlin Road Cherry Hill NJ.

There is +/- 4,000 square feet of Cherry Hill retail space available for lease at 1506 Haddonfield Berlin Road Cherry Hill NJ. A highly visible, single-story building contains this Cherry Hill retail space for lease.

Please call for the asking lease price for this Cherry Hill retail space. This retail space in Cherry Hill at 1506 Haddonfield Berlin Road Cherry Hill NJ is available from Wolf Commercial Real Estate, a Cherry Hill commercial real estate broker that specializes in Cherry Hill commercial real estate listings and services.

There is ample parking at this retail space in Cherry Hill at 1506 Haddonfield Berlin Road Cherry Hill NJ and this retail space in Cherry Hill is close to the Woodcrest PATCO High-Speed Line station.

There is easy access to I-295 and the New Jersey Turnpike from this Cherry Hill retail space for lease at 1506 Haddonfield Berlin Road Cherry Hill NJ through Wolf Commercial Real Estate, a Cherry Hill commercial real estate brokerage firm that specializes in Cherry Hill commercial real estate listings and services.

The total population within five miles of this Cherry Hill retail space is nearly 268,000 and the average household income in that same radius of this retail space in Cherry Hill at 1506 Haddonfield Berlin Road Cherry Hill NJ is $91,544.

For more information about this Cherry Hill retail space for sale at 1506 Haddonfield Berlin Road Cherry Hill NJ, or about any other Cherry Hill commercial properties for sale, please contact John Mozzillo (856-857-6304; john.mozzillo@wolfcre.com) at Wolf Commercial Real Estate, a leading Cherry Hill commercial real estate broker.

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

Barclay Farm Shopping Center owner working with neighbors to make redevelopment more acceptable

Revised plans for the development of the Barclay Farm Shopping Center in Cherry Hill have been presented to the Preserve Barclay residents organization, which has protested a Super Wawa planned for the northwest corner of the center.

The citizens group has been meeting with representatives of center owner Kaiserman Company Inc. of Philadelphia to make development of the Route 70 site more acceptable to neighbors. The continuing negotiations come long before the proposal goes to the Cherry Hill Planning Board, which is expected in February.

Preserve Barclay is hosting a virtual meeting on Tuesday night at 7 to present the proposed changes and other options.

A revised Super Wawa plan would swap the site of the store with the gasoline pumps so that cars would be filled toward the middle of the parking lot, rather than near residences.

Kaiserman still would demolish the Barclay Pavilion office building and the former theater, now a pet supply store.

*Article courtesy of 70&73

For more information about this Cherry Hill retail space or about any other Cherry Hill commercial properties for sale or lease, please contact the team at Wolf Commercial Real Estate, a Cherry Hill commercial real estate broker at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Cherry Hill commercial real estate broker that provides a full range of Cherry Hill commercial real estate listings and services related to this retail space.

Wolf Commercial Real Estate also offers property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail spaces, and other Cherry Hill commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of Cherry Hill commercial properties for lease or sale through our Cherry Hill commercial real estate brokerage firm.

Chick-fil-A gets the nod from Cherry Hill planners to build on old Friendly’s site near Garden State Park

Trends in the restaurant business often embody the notion of “out with the old, in with the new.”

That will be evident near a busy intersection in Cherry Hill at Route 70 and South Cornell Avenue as the now-vacant and traditional Friendly’s restaurant will be torn down to make way for a Chick-fil-A with dual drive-through lanes.

The Cherry Hill Planning Board voted unanimously on Monday night to approve preliminary and final major site plans and bulk variances to build a new 5,147-square-foot Chick-fil-A after it demolishes the existing 4,727-square-foot Friendly’s, which closed in 2018 after 15 years. It is a permitted use under Township zoning ordinances.

An existing Chick-fil-A, without drive-through lanes, in the Garden State Park shopping center will move into the new facility, Clint Mattson, Chick-fil-A’s principal development lead, based in Atlanta, told the Planning Board. He noted the drive-through lanes are an important marketing focus for the restaurants.

*Article courtesy of 70&73

For more information about this Cherry Hill retail space or about any other Cherry Hill commercial properties for sale or lease, please contact the team at Wolf Commercial Real Estate, a Cherry Hill commercial real estate broker at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Cherry Hill commercial real estate broker that provides a full range of Cherry Hill commercial real estate listings and services related to this retail space.

Wolf Commercial Real Estate also offers property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail spaces, and other Cherry Hill commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of Cherry Hill commercial properties for lease or sale through our Cherry Hill commercial real estate brokerage firm.

Chick-fil-A could replace former Friendly’s in Cherry Hill

CHERRY HILL – Chick-fil-A wants to demolish a long-vacant Friendly’s ice cream shop to build another restaurant here.

The 5,400-square-foot fast-food eatery would rise in an outlying area of the Garden State Pavilions on Route 70 near Cornell Avenue, according to an application before the township’s planning board.

About 1,500 square feet would be dedicated to indoor dining for 98 patrons at the fast-food chicken eatery.

The restaurant also would offer outdoor seating for 14 people and a “drive-thru, multilane fulfillment facility,” the application says.

The planning board is expected to consider the application at its Dec. 6 meeting.

The Friendly’s restaurant closed in September 2018 after operating for more than 15 years at the Cherry Hill shopping center.

The site is about a mile from an existing Chick-fil-A — with curbside delivery but no drive-thru lane — off Route 70 in the Market Place at Garden State Park.

Chick-fil-A also has local sites on the 400 block of Haddonfield Road, across from the Cherry Hill Mall, and on Route 70 near Marlkress Road.

Chick-fil-A says the planned eatery will provide 70 to 80 jobs, with up to 18 workers per shift.

*Article courtesy of Courier Post

For more information about this Cherry Hill retail space or about any other Cherry Hill commercial properties for sale or lease, please contact the team at Wolf Commercial Real Estate, a Cherry Hill commercial real estate broker at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Cherry Hill commercial real estate broker that provides a full range of Cherry Hill commercial real estate listings and services related to this retail space.

Wolf Commercial Real Estate also offers property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail spaces, and other Cherry Hill commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of Cherry Hill commercial properties for lease or sale through our Cherry Hill commercial real estate brokerage firm.

Amazon 4-Star and Warby Parker take space at Cherry Hill Mall

Two digital-native retailers have expanded to the Cherry Hill Mall in what is a continuation of online stores migrating into brick-and-mortar locations. 

Warby Parker leased 2,050 square feet and Amazon 4-Star leased 4,400 square feet at the mall, which is owned by Philadelphia-based PREIT (NYSE: PEI). Both retailers are expected to open during the first half of 2022, joining other online retail brands such as Purple and Peloton that already have a presence in the mall. 

The Cherry Hill Mall is 94.4% occupied. 

This will serve as Amazon’s first 4-Star store in New Jersey, though it does have an Amazon Books in Paramus. The new location is part of Amazon furthering its presence in traditional, physical retail. In this case, it uses Amazon 4-Star to showcase what it says are among the top-selling items from Amazon.com. The store will also sell Amazon devices and books. 

*Article courtesy of Philadelphia Business Journal

For more information about this Cherry Hill retail space or about any other Cherry Hill commercial properties for sale or lease, please contact the team at Wolf Commercial Real Estate, a Cherry Hill commercial real estate broker at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Cherry Hill commercial real estate broker that provides a full range of Cherry Hill commercial real estate listings and services related to this retail space.

Wolf Commercial Real Estate also offers property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail spaces, and other Cherry Hill commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of Cherry Hill commercial properties for lease or sale through our Cherry Hill commercial real estate brokerage firm.

Cherry Hill’s Short Hills Restaurant & Deli announces it is permanently closing

Short Hills Restaurant & Deli — a Cherry Hill institution for 25 years — announced on Tuesday morning that it is permanently closing, effective immediately.

“This past year and a half has posed many challenges,” owner Jerry Kaplan wrote on the restaurant’s Facebook page. “The pandemic, combined with my health and forthcoming retirement, has led me to make this decision — one that is the most difficult of my life. The beautiful memories are countless.”

The Jewish-style deli has operated in the Evesham Road commercial area of the Short Hills development, which formerly was a horse farm. A fire in March 2020 destroyed several stores in the same commercial area and the owner now is rebuilding. The restaurant’s building was not affected.

One store that burned was the Classic Cake Bakery, which has since been operating out of the Short Hill Restaurant & Deli. A note on the Facebook page states Classic Cake will remain in the store.

“From the bottom of our hearts, thank you for a wonderful 25-year run and allowing us to serve you and be a part of your happy occasions, sad occasions, and everything in between. It has truly been our honor,” the restaurant said in its Facebook goodbye.

The Facebook announcement was posted shortly after 6:30 a.m. and by 10 a.m. there were more than 60 comments about the closing, many of them memories of the food and special occasions.

“I’m so sorry you’re closing! Where will I get my chicken noodle soup when I don’t feel good? You will be missed!,” one woman commented on the page.’

*Article courtesy of 70and73.com

For more information about this Cherry Hill retail space or about any other Cherry Hill commercial properties for sale or lease, please contact the team at Wolf Commercial Real Estate, a Cherry Hill commercial real estate broker at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Cherry Hill commercial real estate broker that provides a full range of Cherry Hill commercial real estate listings and services related to this retail space.

Wolf Commercial Real Estate also offers property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail spaces, and other Cherry Hill commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of Cherry Hill commercial properties for lease or sale through our Cherry Hill commercial real estate brokerage firm.

NYC-Based Dumpling Restaurant Nan Xiang Xiao Long Bao to Open in Towne Place at Garden State Park

Nan Xiang Xiao Long Bao

NYC-based, Michelin-recommended Nan Xiang Xiao Long Bao will be opening a location in the Towne Place Shopping Center at Garden State Park in Cherry Hill.

According to the store directory of the commercial property owned by The Edgewood Properties, the renowned soup dumpling restaurant will be opening between Brio Italian Grille and Verizon, where Destination Maternity once occupied.

The award-winning restaurant, which initially opened in Flushing, New York, in 2006, has received many accolades for its soup dumplings and Asian cuisine. It looks like this would only be the second location of the celebrated Shanghainese restaurant. A real treat for South Jersey foodies who crave and seek authentic Chinese dishes!

What Now Philly reports the restaurant would occupy 6,106 sq. space at 901 Haddonfield Road. In addition to the soup dumpling, it also serves classic dim sum, traditional noodle soups, fried rice and noodle dishes, and more.

This is another exciting development for the Camden County food scene on that stretch as fast-casual chains &pizza, Chop’t, and Crumbl Cookies will also be opening stores nearby.

No opening date is available at this time. More details as we get them.

*Article courtesy of SouthJerseyFoodScene.com

For more information about this Cherry Hill retail space or about any other Cherry Hill commercial properties for sale or lease, please contact the team at Wolf Commercial Real Estate, a Cherry Hill commercial real estate broker at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Cherry Hill commercial real estate broker that provides a full range of Cherry Hill commercial real estate listings and services related to this retail space.

Wolf Commercial Real Estate also offers property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail spaces, and other Cherry Hill commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of Cherry Hill commercial properties for lease or sale through our Cherry Hill commercial real estate brokerage firm.