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Urban Property Leasing
Legend Properties, Inc. is very active in the leasing of retail/commercial space in urban areas. Across the country retailers are refocusing their efforts to come back to the inner city's populated districts. Legend Properties, Inc. has been the forerunner of this in Philadelphia and other nearby urban areas such as Chester, PA, Trenton and Camden, New Jersey. Legend's team consists of experienced personnel who not only know the geographic areas of the city but are also “street smart” to know what makes things click with urban retail. Our sensitive approach to working in the inner city allows Legend Properties, Inc. to develop win-win objectives with the retailer, ownership or the neighborhood.
Legend Properties, Inc. also leases and manages many retail shopping centers in urban areas. Currently we manage Woodland Plaza at 62nd and Woodland Avenue where we took a center with a severe vacancy problem and brought it up to 100% occupancy.
Legend believes in the retail “energy” of the urban markets and continues to see a strong promise of new and exciting inner-city opportunities in the future for both retail and property owners.
Urban Property Accomplishments
- The Hub – 14,650 sf of new urban retail space leased
- Overbrook Plaza – 70,000 sf - 98% leased
- Woodland Plaza – 100,000 sf - 90% leased
- Pennington Plaza – Fully leased – over 57,000 sf of retail
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