Real Estate
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Iron Hill Landlord in West Chester Seeks New Tenants After Abrupt Closure
Owners behind West Chester’s former Iron Hill Brewery are actively searching for new tenants, writes Erin McCarthy for The Philadelphia Inquirer. The restaurant chain announced its abrupt closure following its bankruptcy filing this fall. Massachusetts real estate investor John Barry, who has owned the property since 2022, recently purchased the space’s assets, including the building…
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Modern Luxury Meets Historic Authenticity in this West Chester Victorian
Heartsease, a historic estate in West Chester, perfectly blends authenticity and luxurious living on 5.25 acres of serene landscaping, writes Devin Dixon for Modern Teen. Featuring 6,000 square feet of living space, the home pairs expansive outdoor areas with custom amenities designed to support a forward-looking, high-quality lifestyle. A spacious wraparound patio welcomes visitors to…
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Former Eagle Spending Post-Pro Football Days Enjoying His Modern Smart Home in West Chester
Former Philadelphia Eagles tight end Brent Celek is spending his post-pro football days enjoying life with his wife and four kids at their modern smart home in West Chester, writes Tom Samiljan for Dealerscope. The house and adjoining barn feature a fully connected setup that includes everything from lighting and shades to alarm systems, as…
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How Did Philadelphia Beat Out 40 Other Locations for DrinkPak’s Newest Manufacturing Facility?
Philadelphia is the city that canned beverage company DrinkPak chose to build its new coast-to-coast manufacturing network, writes Paul Schwedelson for the Philadelphia Business Journal. In doing so, Philadelphia — specifically the Bellwether District in South Philadelphia — beat out more than 40 other markets and locations across the United States. As a result, Chicago-based…
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Multinational Company Puts Exton Property Up for Sale as It Consolidates in Montco
Specialty materials company Arkema is consolidating its company into space in Radnor and King of Prussia after putting its Exton laboratory and office building up for sale, writes Paul Schwedelson for the Philadelphia Business Journal. Located in the Oaklands Corporate Center, the four-acre property holds 12 labs, and offices take up the rest of the…
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Pennhurst Data Center Project Moves Ahead Following Township Decision to Table Development Ordinance
The proposed data center at the Pennhurst State School and Hospital site will move forward after the East Vincent Township board of supervisors chose to table a draft ordinance that would have limited data center construction, writes Brooke Schultz for The Philadelphia Inquirer. During a heated meeting last week that briefly paused after residents started yelling, the board decided to…
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Local Developer Plans Mixed-Use Project After Prime Fishtown Site Acquisition
Philadelphia-based development company Eclipse Development recently acquired a prime Fishtown development site and is planning a four-story mixed-use building there, writes Paul Schwedelson for the Philadelphia Business Journal. Eclipse paid $2.65 million for the vacant Frankford Avenue site, acquiring it from the nonprofit, Lutheran Settlement House. Plans are calling for 20 apartments and 7,000 square…
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Wayne-Based PPR Capital Management Joins Forces to Acquire Townhome Development in Limerick
PPR Capital Management of Wayne, the Philadelphia area’s fastest-growing private company, joined forces with Plymouth Meeting’s Bel Canto Asset Growth Fund to acquire Botanica Cottages, a garden-style townhome development located in Limerick, writes Paul Schwedelson for the Philadelphia Business Journal. The financial terms of the deal were not disclosed. The development sits close to the intersection of Limerick Center Road and West Ridge…
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Robert Hankin Named to PBJ’s 2025 Most Admired CEOs List
Robert “Bob” Hankin was recently featured by the Philadelphia Business Journal as one of the 2025 Most Admired CEOs, spotlighting his leadership and vision at the helm of Hankin Group, the family-owned real estate development and property management firm he has helped grow into a regional leader. Under Hankin’s guidance, the Hankin Group has become…
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Major Sale Marks Toll Brothers’ Exit From Apartment Business
Toll Brothers is continuing a major strategic pivot, writes Janelle Ward for The Philadelphia Business Journal. The Fort Washington real estate giant is selling an Atlanta student housing tower for $132 million, exiting the apartment business and doubling down on luxury homebuilding. The property, known as Kinetic, is a 752-bed multifamily tower located near Georgia…
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CADY Studios Expands to Hankin Group’s Eagleview in Exton
CADY Studios, the largest high school and senior photography company in the United States, signed a lease for 6,781 square feet at Hankin Group‘s 411 Eagleview Boulevard. The new Eagleview studio, expected to open in summer 2026, will expand CADY’s Pennsylvania footprint and bring its signature senior portrait experience to Exton families. With 21 locations throughout the country, CADY has built a reputation for transforming senior portrait sessions into a curated, unforgettable experience. The company also partners with local…
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New Resolution Would Give Philadelphia’s Vacant School Buildings New Life
Philadelphia has about 20 vacant school properties across the city, causing increased pressure from the community to do something with them. There is now a new resolution that the Philadelphia Board of Education will vote on that would bring new life to these vacant school buildings, writes Raymond Strickland for CBS News Philadelphia. If passed,…
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New Report Details Who Has Been Moving Into Center City’s New Apartment Buildings
Center City has seen a major influx of new apartments in recent years and a new report breaks down the demographics of the individuals who have been moving into them, writes Molly McVety for PhillyVoice. A recent survey published by the Center City District shows that Philadelphia has been attracting many new residents from other…
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Toll Brothers Launches $1M+ Luxury Community in Royersford
Luxury homebuilder Toll Brothers has officially launched sales at Canterbury Meadows, a new 30-home community in Royersford, according to Paul Schwedelson of The Philadelphia Business Journal. The Fort Washington-based builder says homes in the Royersford development will start at $1.02 million. The sales center and model home are located at 183 Kline Road. Residences offer…
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Brown Real Estate Buys Shoppes at Wissinoming in Northeast Philadelphia for $30.8 Million
A Brown Real Estate affiliate recently paid $30.8 million for the Shoppes at Wissinoming, a Northeast Philadelphia shopping center with a ShopRite supermarket, writes Paul Schwedelson for the Philadelphia Business Journal. The grocery store is one of 12 in Greater Philadelphia that are operated by the family-owned Brown’s Super Stores. This latest purchase gives the…
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Apartments, Swimming Pool, and Redeveloped Retail Space Planned for Historic Wanamaker Building
TF Cornerstone, the owner of the Wanamaker building, is seeking to transform the historic property into residential space while redesigning the first three floors that previously housed Macy’s to accommodate multiple retail tenants, writes Paul Schwedelson for the Philadelphia Business Journal. The plans for the 114-year-old building, which spans an entire block just east of…
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Two Major King of Prussia Hotels Hit the Market Ahead of Colossal Year for Tourists
Two well-known King of Prussia hotels are officially on the market, creating a rare investment opportunity in one of Montgomery County’s busiest commercial districts, Emma Dooling for The Philadelphia Business Journal. The Fairfield Inn Philadelphia Valley Forge/King of Prussia and the Crowne Plaza Philadelphia King of Prussia were recently listed for sale after their previous…
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Bellwether District Announces West Coast-Based Canned Beverage Company As First Tenant
The Bellwether District is set to host the first Northeastern United States factory of West Coast-based canned beverage company DrinkPAK, writes Jake Blumgart for The Philadelphia Inquirer. The 1,300-acre Bellwether District occupies the former site of the South Philadelphia oil refinery. The HRP Group has remediated the property into a warehouse, manufacturing, and life sciences…
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