PHILADELPHIA-Vernon, CA-based True Religion Apparel Inc. has signed a lease for 1,600 sf at 1604 Walnut St. The space is currently occupied by T-Mobile, which is relocating to 1500 Walnut St.

Although it’s a small space, it represents a significant addition to Center City retail, once considered lackluster and stodgy, which is now taking a turn toward trendy, particularly along the stretch known as Rittenhouse Row. This follows a lease from Guess Inc. for two floors at 1520 Walnut, as GlobeSt.com previously reported. Rittenhouse Row stretches from Broad Street west to Rittenhouse Square.

Steve Gartner, president of Conshohocken-based Metro Commercial, represented True Religion in the lease negotiations. “Philadelphia used to get retailers after they’d expanded to other areas,” he tells GlobeSt.com. “True Religion chose this location early in its expansion. They not only identified Philadelphia as a key market, but they also really liked great streets. While they go into malls,” he adds, “they want great streets in great cities.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.