Fresh Grocery Concepts Thriving: Sprouts will open its second local store in Q2 2019; the Arizona-based grocer’s Marlton Crossing location will be its first in New Jersey. Giant unveiled its Giant Heirloom Market concept in Graduate Hospital in January. The Maryland-based grocer will open three additional urban format stores near Center City in 2019.
National Tenant Expansion: Checkers plans 40 more Philadelphia-area restaurants as part of a national push. Topgolf announced plans for its first Philadelphia location.
New-to-Market Tenants: Two new-to-market tenants came to Rittenhouse Square in Q1 2019: Cava, a DC-based Mediterranean fast casual restaurant, and Champion, a century-old U.S. sportswear brand.
Capital Markets Remain Quiet: Capital markets deal volume once again decreased, quarter-over-quarter.