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Citizens Bank Signs Three New Retail Leases in Philadelphia

Posted December 3, 2019
Citizens Bank  Signs Three New Retail Leases in Philadelphia
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Citizens Bank is reshaping its retail network to meet consumer needs. David Dunkelman of Soloff Realty & Development, Inc. represented Citizens Bank (Citizens Financial Group NYSE: CFG) in facilitating three (3) leases in Philadelphia. “While digital banking technology continues to evolve and improve, customers still prefer banks that have a physical presence in the community, especially when it comes to personal money matters and access to state-of-the-art ATMs,” according to David Dunkelman of Soloff Realty & Development, Inc., exclusive client representative of Citizens Bank in the Philadelphia region.

Broad Street & Spring Garden Street
Address: 490 North Broad Street, Philadelphia
SF: 3,017 SF (corner)
Landlord: Tower Investments
Notes: Citizens Bank relocated its older branch at 12th & Spring Garden to the new project at the corner of Broad & Spring Garden Streets to capture the foot traffic and expanding North Broad Corridor.

52nd Street & Market Street
Address: 5129 Market Street, Philadelphia
SF: 3,000 SF (free-standing with drive-up ATM)
Landlord: Viking 52nd Street Partners, LLC
Notes: Citizens Bank relocated its older, over-sized legacy branch along 52nd Street to the hard corner of 52nd Street & Market Street to continue to serve this commercial and neighborhood trade area.

Frankford Avenue & Knights Road
Address: 9998 Frankford Avenue, Philadelphia
SF: 2,400 SF (end-cap drive thru)
Landlord: 9998 Frankford Ave, LLC
Co-Broker:  Brian Wherty at Equity Retail Brokers
Notes:  Citizens Bank signed a new lease to relocate a mid-block branch to the hard corner of Frankford Avenue and Knights Road.

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