PHILADELPHIA, PA—Equus Capital Partners has signed Whole Foods Market to a 41,700 square foot build-to-suit lease at 3737 West Chester Pike on Equus' Ellis Preserve, a 210-acre mixed use community situated at the intersection of Routes 252 and 3 in Newtown Square, PA, 15 minutes west of Philadelphia.
Whole Foods Market will anchor the first phase of the retail portion at Ellis Preserve, which will have direct access from Route 3 and Winding Way and include 65,300 square feet of adjoining retail space as well as a 127 room hotel. Construction will begin in the spring of 2015.
“We are pleased to welcome Whole Foods to Ellis Preserve,” says Stephen M. Spaeder, senior vice president of Equus, who negotiated the lease on behalf of the landlord. “Whole Foods is an ideal first retail tenant for our community, and we look forward to developing a long term relationship with them as they expand their presence in Delaware County.”
Ken Bleznak of Atlantic Retail represented Whole Foods Market in the lease negotiations. Steve Niggeman of Metro Commercial represented the landlord.
Whole Foods Market will join office occupants including Sunoco Inc., which will consolidate its Center City and Tinicum, PA offices to a newly redeveloped 230,000 square foot headquarters facility at Ellis Preserve next summer.
The campus adjoins SAP America's 620,000 square foot North American headquarters and is also home to Catholic Health East, Main Line Health, PetPlan, and other corporate tenants which together occupy more than 520,000 square feet. Current office space availabilities range from 2,500 to more than 110,000 square feet of contiguous space.
Ellis Preserve's on-site amenities include the recently renovated Ellis Athletic Center, a full service, professionally operated fitness center; Founders Hall, a full service restaurant with indoor and outdoor seating; on-site property management and a conference center featuring a 230 seat auditorium. The corporate campus has dual feed electric service from two PECO substations and performed at 100% reliability during Hurricane Sandy and the 2014 ice storm.
Future development plans for Ellis Preserve include approximately 350,000 square feet of additional retail, 310 luxury apartments, 100 townhomes plus a 270,000 square foot headquarters built-to-suit office building, all designed around open air plazas and connected by pedestrian walkways.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
