by Steve Reinbrecht
Owners of an anchorless Sinking Spring shopping center are
in talks with businesses interested in opening stores in the Spring Market shops
off Penn Avenue.
This is good news for the Spring Market, 3564 Penn Ave.,
where wrangles among owners have slowed business activities.
“There’s certainly interest,” said Keith Seymour, a leasing
agent at Equity Retail Brokers, in Plymouth Meeting, trying to find tenants. The
firm would not release more information until a lease is signed, he said.
Another good sign – a gym called “Iam Fit” – plans to open
in the center in September. Permits were issued in June.
A vacant former Food Lion grocery store makes up more than
half of the center’s 60,000 square feet of retail space. It closed in early
2012, just fourteen months after opening in November 2010. The store was one of113 “underperforming” stores shut down in a major restructuring by the owners
of Food Lion, based in North Carolina.
Now the Sinking Spring center, built on the site of the
former Boscov’s West department store, has three empty retails stores,
including a former Verizon store.
The storefronts offer the typical suburban fare, including a
Family Dollar store, Chinese food, pizza, a barber and a nail salon.
- All Stars Hair Studio
- Edible Arrangements
- Dream Garden
- Family Dollar
- Manpower
- Yogo Paradise
- Little Caesars
- Tonya’s Nails
- Five Guys
Something called Sinking Spring Retail INV LLC bought the
8-acre property in February 2010. Somebody in the owners’ office, JDH Capital
LLC, in Charlotte, N.C., referred me to Equity Retail Brokers.
There are also two undeveloped lots.
No comments:
Post a Comment