PHILADELPHIA, PA—The Feil Organization,managing partner of the partnership of Feil, Chera &Goldman, has sold One & Olney Square,a Shop Rite-anchored center in North Philadelphia,to Wharton Realty Group for an undisclosedsum.
The 340,000-square-foot center is located on 26 acres at5675 North Front Street in the city's Olneysection, one mile north of Roosevelt Boulevard (U.S. Route 1), oneof the busiest roadways in the city. The project is 85 percentleased with a combination of national and regional retailers,including Modell's, Conway, andAshley Stewart.
“One & Olney is a well-positioned,grocery-anchored shopping center with great growth potential in theNorth Philly market,” says Nicholas Forelli,Feil's director of retail leasing. “We had recently finished amajor façade upgrade and restructured several anchor tenant leasesfor long-term occupancy.”
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