Back when national retail and restaurant chains were blanketing the country with hundreds of stores, hunches occasionally played a role in real estate site-selection. As part of an East Coast rollout, an up-and-coming chain could open three or four new locations in each of several metro areas. If hard data on traffic, sales, demographics and […]
The new Di Bruno Bros. store at the renovated Strafford Shopping Center
Strafford Shopping Center is ready for its second act thanks to a multimillion-dollar renovation overseen by Equity Retail Brokers. But getting there required overcoming one challenge after another — from construction snags and regulatory roadblocks to the chaos of Covid-19.
When Di Bruno Bros. opened at Strafford Shopping Center this past March, the excitement in surrounding Wayne, Pennsylvania, was palpable. The beloved Italian marketplace—a visual as well as a culinary feast with an 80-year history in Philadelphia—was putting la dolce vita in easy reach for the whole community. And thanks to a multimillion-dollar shopping center renovation […]
“When it comes to a restaurant for lease, the best strategy is to be the second operator in that space.” The sage advice above comes from a veteran commercial real estate investor out of Conshohocken, Pennsylvania—one of many experienced restaurateurs who avoids building from scratch whenever choosing sites for a new restaurant for lease. The […]
Franchisees continue to hunt for stores for rent across the commercial real estate markets of eastern Pennsylvania, New Jersey, and Delaware. While these operators play a critical role in retail real estate, Equity Retail Brokers Principals David Goodman and Rob Samtmann have observed that not all franchisees take a professional approach to site-selection. The veteran […]
Retailers in Philadelphia and around the Northeast are driving traffic and sales by deftly combining the best of both worlds—online and “IRL” (in real life). Don’t be intimidated by all of the jargon—”multi-channel,” “omnichannel,” “BOPIS” and everything in between. At Equity Retail Brokers, we agree with the view expressed by Steve Dennis, a retail consultant […]
A sale-leaseback is a transaction in which an investor buys a property that is already being owned and operated by someone else. But instead of taking control of the property, the buyer leases it back to the seller under terms and conditions on which they both agree, with the seller becoming the buyer’s tenant. Sale-leasebacks […]