A homegrown Philadelphia hard liquor brand is moving its headquarters from the suburbs to Center City.
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Stateside Brands, which sells vodka and canned mixed drinks, has signed an 11-year lease at National Real Estate Development’s 1100 Ludlow St., according to a press release from Cushman & Wakefield. It will occupy 34K SF across two floors.
Stateside has about 260 employees, half of whom are based in the Philly area, the Philadelphia Business Journal reported. The company plans to start with 60 employees in the new office and double that headcount over the next two to three years.
It is currently based out of a 10K SF space at 3800 Horizon Blvd. in Feasterville-Trevose. Stateside ended up there temporarily last year after the company started expanding rapidly.
“In our heart of hearts, we always knew we were a Philly company,” Chief Financial Officer Jim Romano told the PBJ. “The city of Philadelphia is where we wanted to be, what our vibe is, what our culture is.”
The company bought the naming rights for the South Philly venue formerly known as Xfinity Live this summer.
A Cushman team, including Jonas Skovdal and Brian Young, represented Stateside in the site search and lease negotiations.
LEASES
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Consumer electronics company Abby’s LLC has inked a 13K SF lease at 31 Reads Way in New Castle. The Velocity Venture Partners property is the Bala Cynwyd-based firm's first in Delaware.
JLL’s Blaise Fletcher and Jamie Vari represented Velocity while Ryan Ward of Ganc Commercial Realty represented the tenant.
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Multi-restaurant ordering concept Wonder is opening a new location at the Andorra Shopping Center in Roxborough sometime late next year. The platform featuring food from 20-plus restaurants already has 10 locations in the Philadelphia area.
CONSTRUCTION AND DEVELOPMENT
Buccini Pollin Group has opened the Press, a 243-unit apartment building at 801 N. Orange St. in Wilmington. Mayor John Carney attended the Tuesday ribbon-cutting ceremony for the $90M project.
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Jefferson Apartment Group and Haverford Development Partners have officially opened Rivermark Northern Liberties at 501 N. Christopher Columbus Blvd., according to a press release. The mixed-use project includes 470 apartments and 45K SF of retail.
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Hankin Group is adding 117 units to its Eagleview Landing Senior Living in Exton. The $67M expansion is expected to deliver in November 2026.
THIS AND THAT
The University of Pennsylvania Stuart Weitzman School of Design is launching a new post-professional degree to help architects and planners navigate the real estate world.
The Master of Science in Design with a concentration in Property Development and Design program will take two semesters and one mandatory summer session. Applications for the inaugural cohort are due Jan. 7.
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