Philly Office Retail

What Philly Office Retail does

Philly Office Retail is a privately held Philadelphia real estate development and management company specializing in adaptive re-use of vacant, deteriorated, and historic properties into commercial and residential space across Northwest Philadelphia, principally in Germantown, Mt. Airy, and Wayne Junction. Founded in 1984 and led by President Ken Weinstein, the firm manages approximately 1 million square feet of mixed-use space across more than 300 residential and commercial units, with disclosed construction and redevelopment project value exceeding $40 million. Its commercial offering spans office, retail, light industrial, and mixed-use properties leased at $8-$28 per square foot, while residential apartments lease from $1,470 per month, supplemented by a Collaboration Hub offering hourly meeting and event space at $50-$150 per hour.

The company operates an in-house architect, designer, and project management function that allows it to customize tenant build-outs, distinguishing it from passive landlord competitors. Beyond core leasing, the company has built a community development platform through two subsidiaries, Jumpstart Germantown and Jumpstart Philly, which provide training, mentoring, and below-market acquisition and construction financing to aspiring local developers. Strategic alliances with SEPTA (99-year station-house lease), the Philadelphia Housing Authority, the Mt. Airy Business Improvement District, Mosaic Development Partners, the Reinvestment Fund ($3 million capital facility), and Morris Arboretum anchor its deal flow and civic positioning. Recent expansion activity includes the 2024 acquisition of four buildings from La Salle University for redevelopment and ongoing build-out of the Wayne Junction transit-oriented district.

Name

Philly Office Retail

Legal name

Philly Office Retail

Website

https://phillyofficeretail.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Commercial Real Estate Leasing

akta.pro primary industry

Retail Property Management (BPAJAGAB)

Keywords

• Commercial property leasing
• Residential property leasing
• Adaptive re-use development
• Mixed-use real estate
• Historic property renovation

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Commercial Property Leasing: Leasing of office, retail, and light industrial commercial spaces to businesses and non-profit organizations
2. Residential Property Leasing: Leasing of residential apartments to tenants
3. Collaboration Hub Rental: Rental of meeting and event spaces including Training Room and Main Room for professional settings

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Philly Office Retail is a Philadelphia-based real estate firm that acquires, renovates, and leases commercial and residential properties, specializing in adaptive re-use of vacant and deteriorated buildings. The company manages nearly one million square feet of office, retail, light industrial, and residential space, supported by in-house architectural and project management capabilities. It also runs the Jumpstart Germantown training program and Jumpstart Philly community lending initiative.

Product overview

Philly Office Retail operates a diversified real estate platform offering commercial property leasing (office, retail, light industrial, and mixed-use spaces), residential apartment leasing, professional meeting space rentals, and community development programs. The company manages approximately 1 million square feet of space across the Philadelphia region. Its core offerings include adaptive reuse development services with in-house architectural and project management support, complemented by the Jumpstart Germantown and Jumpstart Philly programs which provide training and below-market financing to aspiring real estate developers. The company also operates a Collaboration Hub offering rental spaces for meetings and events.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Property Leasing Leasing of office, retail, light industrial, and mixed-use commercial spaces to businesses and non-profit organizations across the Philadelphia region, with a portfolio of approximately one million square feet.
• Residential Property Leasing Leasing of renovated residential apartments in Germantown, Mt. Airy, and Wayne Junction neighborhoods, including 2BR/1BA units starting at $1,470/month plus utilities.
• Collaboration Hub Rental Spaces Rental of professional meeting and event spaces at the company's 4701 Germantown Avenue headquarters, including a Training Room (up to 25 attendees at $50/hour) and Main Room (up to 140 attendees at $150/hour) with a $200 refundable deposit.
• Jumpstart Germantown Community development training program providing aspiring developers in Germantown and surrounding neighborhoods with training, mentoring, networking, and access to financial resources to revitalize local communities.
• Jumpstart Philly Below-market short-term financing program offering acquisition and construction loans for residential and mixed-use investment projects throughout Philadelphia, operating as a non-traditional community-driven lender.

Quantifiable outcome

• Renovated hundreds of vacant and deteriorated commercial and residential properties over 40 years

Named customers10 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core, major and minor.

• SEPTAcoreStrategic or Co-development PartnerKen Weinstein and Philly Office Retail secured a 99-year lease on five neglected SEPTA station houses in Northwest Philadelphia to rehabilitate the historic buildings as part of the Wayne Junction revitalization project.
• Jumpstart GermantowncoreStrategic or Co-development PartnerCommunity development program spearheaded by Philly Office Retail that provides training, mentoring, networking, and financial resources to aspiring developers to revitalize Germantown and surrounding communities.
• Jumpstart PhillycoreStrategic or Co-development PartnerBelow-market source of short-term financing offering acquisition and construction loans for residential and mixed-use investment projects throughout Philadelphia. A non-traditional, community-driven lender.
• Philadelphia Housing Authority (PHA)majorStrategic or Co-development PartnerPHA partnered with Jumpstart Philly on an initiative to rehabilitate houses and offer affordable homeownership opportunities.
• Mosaic Development PartnersmajorStrategic or Co-development PartnerCollaborated on development plans for Wayne Junction area designed to turn the major transit hub into a hub of activity for Germantown and Nicetown.
• Morris ArboretumminorStrategic or Co-development PartnerCollaboration to green the Mt. Airy business corridor along Germantown Avenue, turning it into a leafy thoroughfare.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Tower Investments: Philadelphia-based real estate investment and development firm specializing in adaptive re-use of historic and underutilized urban properties. Closely comparable in product type and adaptive re-use specialization.
• Post Brothers: Philadelphia-based multifamily developer and operator focused on adaptive re-use of older residential and mixed-use buildings in gentrifying neighborhoods. Highly comparable in product type (renovated urban multifamily) and Philadelphia submarket focus.
• Mosaic Development Partners: Philadelphia-based real estate developer focused on mixed-use and neighborhood-scale projects in Northwest Philadelphia. Active collaborator with Philly Office Retail on the Wayne Junction revitalization, making it the most directly comparable operator in both geography and product type.

Regional players

• Herman Goldner Company: Philadelphia-based commercial real estate developer and property manager with a long operating history in the region. Comparable as a regional full-service developer/landlord, though broader in property type.

Others

• Reinvestment Fund: Philadelphia-based CDFI providing capital for neighborhood revitalization. Comparable as a financial partner to Philly Office Retail's Jumpstart programs and aligned with the same community-development mission.
• Philadelphia Housing Authority: Municipal housing authority that partnered with Jumpstart Philly on affordable homeownership rehabilitation. Relevant as an institutional counterparty in the same affordable-housing and neighborhood-revitalization ecosystem.

Broad incumbents

• Liberty Property Trust (now part of Prologis): Large industrial/office landlord operating in the Philadelphia region. Comparable as a commercial property owner and leaser, though far larger and broader in scope than Philly Office Retail's adaptive re-use niche.
• Brandywine Realty Trust: Public REIT headquartered in Philadelphia that owns and operates office and mixed-use properties across the region. Comparable as a Philadelphia-anchored commercial landlord, though focused on Class A office rather than adaptive re-use.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/phofficeretail

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Philly Office Retail