We are thrilled to announce that MPN Realty has successfully brokered the commercial lease for Madis Coffee Roasters at 210 South 12th Street.
This exciting deal brings the ground floor retail space of Midwood Investment and Development’s newly constructed residential tower to full capacity, marking a major milestone for both the building and the surrounding Washington Square West neighborhood.
As originally reported by the Philadelphia Business Journal, the rapidly growing coffee brand will occupy a prime 1,984 square foot retail space situated at the bustling corner of Chancellor and South 12th streets.
The Details of the Deal
Madis Coffee Roasters is targeting a mid July opening for this new cafe, which will serve as their fourth location overall and their third in Center City. This expansion highlights an impressive growth trajectory for the brand, which first launched near Drexel University in November 2022. Since then, the business has scaled quickly, debuting a 4,600 square foot roastery and cafe in Old City and another location near Rittenhouse Square last winter.
The signage plans for the new space have already received a recommendation for approval from the City of Philadelphia’s Sign and Streetery Committee, with a final presentation scheduled before the Art Commission on June 10.
The Greater Impact on Center City Commercial Real Estate
This transaction carries significant implications for the local commercial real estate landscape, signaling strong market dynamics in several key areas:
- Complete Retail Stabilization for New Construction: With the addition of Madis Coffee Roasters, the retail portion of 210 South 12th Street is now 100 percent leased. This achievement demonstrates the resilience of high quality retail space in newly built, dense multi family developments. The building itself is highly stabilized, with residential leasing surpassing 90 percent.
- Synergy of High End Tenancies: The retail ecosystem within the building is curated to maximize day and night foot traffic. Madis Coffee Roasters joins Salon Republic and the upcoming luxury culinary concepts by Scratch Restaurants, which include Sushi by Scratch and Not a Damn Chance Burger. The pairing of daily specialty coffee with premium nighttime dining creates an around the clock destination.
- The Coffee Sector as a Neighborhood Anchor: The expansion of Madis reflects a broader coffee boom across Philadelphia retail corridors, driven by both local roasters and national operators. Landlords are increasingly utilizing specialty coffee concepts as vital community amenities that drive foot traffic, enhance the tenant experience for residents upstairs, and increase the desirability of surrounding city blocks.
At MPN Realty, we take pride in connecting visionary local businesses with premier retail assets. This lease ensures that 210 South 12th Street will remain a vibrant cornerstone of daytime and evening activity in Center City for years to come.
Looking for the right space for your business or interested in our landlord representation services? Contact MPN Realty today to learn more about our current opportunities.
