Advance Auto Parts is closing over 700 stores and four distribution centers as part of a major restructuring plan announced during its third-quarter earnings report. The company, based in Raleigh, North Carolina, reported a drop in net sales to $2.1 billion from $2.2 billion last year, with a 2.3% decline in comparable store sales. The… Read more »
New Jersey’s retail market remains tight, driven by limited new construction and strong demand fueled by steady consumer spending. Over the past five years, the state added 8.8 million square feet of retail space, a 1.7% increase since 2019. High demand has kept occupancy rates above 96% throughout the year. Net absorption reached 2.1 million… Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 50 South White Horse Pike, Berlin, New Jersey 08009. The Berlin property is available for lease. The property holds 1.8 acres, that could be utilized by land, medical and retail users. Features… Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 1 South White Horse Pike, Waterford Works, New Jersey 08089. The Waterford Works property is available for lease. The property holds 1.63 acres, that could be utilized by land and retail users…. Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 214 Route 73, Voorhees, New Jersey 08043. The Voorhees property is available for sale. The property holds +/- 30 acres that could be utilized by retail and/or medical users. Features of 214… Read more »
Haddon Avenue in the Westmont section of Haddon Township is gradually transforming from a typical suburban commercial strip into a vibrant suburban downtown. This shift, which began gaining traction in 2016, has been fueled by the construction of two rental complexes totaling 333 apartments. Additionally, the Westmont Theatre, long vacant and deteriorating, has been repurposed… Read more »
This Halloween season brings retail twists as chains nationwide aim to boost sales of costumes and spooky items. Party City, emerging from bankruptcy about a year ago, is gearing up to compete with Spirit Halloween’s extensive network of over 1,500 pop-up stores. It also faces competition from discounters like Walmart, Target, and Big Lots, e-commerce… Read more »
Gillian’s Wonderland Pier, the nearly century-old amusement park on the Ocean City Boardwalk, will close at the end of summer due to its “no longer being a viable business,” according to Jay Gillian. Known for its iconic Ferris wheel, the park has been a family-operated landmark but has struggled financially in recent years. Gillian, who… Read more »
Chipotle Mexican Grill is opening its first restaurant here, adding to a commercial corridor that has attracted several fast-food chains. The restaurant, located at 1025 West Landis Avenue, is set to open on Thursday. It features a drive-thru “Chipotlane” for digital orders but does not include a traditional drive-thru window. Employee benefits include a crew… Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for The Shops at the Crossings, 2501 Route 541, Burlington, NJ 08016. The Burlington property is available for lease. The property holds +/- 40 acres, that could be utilized by retail, land, medical,… Read more »
