> At a Glance
> – The Shops at Liberty Place, a 1990-built retail complex beneath One & Two Liberty Place, is up for sale
> – Property logs 5.1 million annual visitors, 14,000 daily vehicles, and 19,200 daily pedestrians
> – Nearly 80% occupied with tenants averaging five years left on leases; no asking price disclosed
> – Why it matters: A marquee Center City asset could change hands, potentially reshaping a high-traffic shopping corridor
The ground-level retail promenade on the 1600 block of Chestnut Street-home to Bloomingdale’s The Outlet, Victoria’s Secret, Bath & Body Works, and the new Puttshack-has hit the market, according to a JLL listing. Owner Metropolis Investment Holdings is seeking a buyer for the sprawling complex that sits beneath the iconic One and Two Liberty Place towers.
Prime Location & Traffic Metrics
JLL touts the center as “one of Philadelphia’s premier shopping corridors,” citing more than 450 linear feet of street-front exposure and prominent entries at two of the city’s busiest pedestrian intersections. Additional access points from the office lobbies and the Market Street courtyard feed a steady flow of shoppers.
- 5.1 million visitors per year
- 14,000+ vehicles pass the site daily
- 19,200 pedestrians walk by every day
Leasing Snapshot
According to the Philadelphia Business Journal, the mall is nearly 80 percent leased, with in-place tenants carrying, on average, about five years of term remaining. The stability of the rent roll could appeal to investors seeking predictable cash flow in a high-profile location.
Sale Timing
The listing lands roughly a month after Jones Lang LaSalle Americas, Inc. announced that Franklin Mall in Northeast Philadelphia is also searching for a new owner, signaling heightened market activity for regional retail assets.
Key Takeaways
- Center City’s Shops at Liberty Place is officially for sale
- Strong foot traffic-5.1 million annual visitors-underpins the offering
- Stable occupancy (≈80%) with multi-year lease terms left
- No price guidance released; JLL is marketing the property
A sale would transfer a trophy retail destination that has anchored Chestnut Street since 1990, drawing both office workers and tourists into its concourse of national and experiential brands.
