PLCB Signs Lease for Premium Store at 2040 Market Street
01/14/2013 - 3:30pm
Philadelphia, PA — PMC Property Group, represented by Precision Realty Group as commercial leasing agent, is pleased to announce a new retail tenant, the Pennsylvania Liquor Control Board (PLCB) at 2040 Market Street. PLCB will open a premium state store concept at the location in late Spring 2013. The store will occupy the nearly 10,000 square foot Market Street space adjacent to a new National Penn Bank branch on the ground floor of the recently refurbished and expanded building.
August Hehemann, Director of Finance for PLCB, feels that this property in Philadelphia's central business district is an ideal location for the new premier Fine Wine & Good Spirits store. The store will offer an extensive selection of premium wine and spirits in a consumer-friendly atmosphere featuring new, high-end displays and finishes. The centerpiece of the design will feature a communal table where shoppers can find a wine specialist, who will be on hand to answer questions about the products, assist with selections, and advise on food pairings.
PMC Executive Vice President Jonathan Stavin says feedback from the residential tenants at 2040 Market Street indicates that they are excited about the addition of this state-of-the-art liquor store as a desirable on-site amenity. It also provides positive synergy with the popular Trader Joe's grocery store located in another PMC-owned property across the street.
About 2040 Market Street
Built in 1967, 2040 Market Street served for decades as the headquarters for AAA Mid-Atlantic before the company's 2005 relocation to Wilmington, DE. After sitting vacant for 6 years, the property was acquired by PMC in early 2011 and subsequently redeveloped.
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