Dollar Tree had the top bid for the Party City lease at The Metroplex in Plymouth Meeting (Plymouth Township). In December 2024, Party City announced it was closing all of its stores and working with a commercial real estate company to sell the leases for its stores.
An article by CoStar reports on the status of that auction process and includes a map showing who had the highest bid for specific stores.
From the article:
Chesapeake, Virginia-based Dollar Tree successfully bid on 148 Party City leases, according to a document filed with the U.S. Bankruptcy Court for the Southern District of Texas in Houston. Dollar Tree was followed by Philadelphia-based teen discounter Five Below’s successful bids for 44 of Party City’s leases, according to an analysis by Bill Read, executive vice president at the brokerage Retail Specialists.
At the bankruptcy auction there were bids for about 250 stores. But A&G Real Estate Partners had put nearly 700 leases — over 400 more than received bids — up for auction on behalf of Party City, the Woodliff Lake, New Jersey-based retailer that’s liquidating after filing for Chapter 11 bankruptcy protection in December.
Dollar Tree has many stores in the area, including nearby in Norristown, Eagleville, Audobon, and Flourtown.
You can read the entire article here.