Recently completed King of Prussia Town Center Put Up For Sale

king of prussia
A vision larger than the trends has built a new downtown in the suburbs, and it’s challenging the stereotype of the millennial habitat of choice.

The King of Prussia Town Center, which has already managed to attract a number of brand name retailers and high-end restaurants, has been put on the market, writes Natalie Kostelni for Philadelphia Business Journal.

The 263,423-square-foot retail destination was developed by JBG Companies and Willard Retail, and is currently 86 percent leased.

JBG’s leasing strategy for the center involved gathering a compelling group of tenants which could provide the customers with high-quality dining and shopping opportunities in a unique setting for the suburbs.

“If you think about the bigger picture of what is going on around this project, we wanted to assemble retailers that give people a lot of reasons to come to the King of Prussia Town Center,” said Tom Sebastian, senior vice president of development at JBG.

The property started seeing the first of its stores and restaurants open their doors last year, and the center has now become a popular destination for shopping and dining. However, one complaint that has often been raised is a lack of parking spaces.

While the town center has 1,239 parking spaces, the more easily accessible surface ones fill up quickly as visitors tend to prefer them over its multi-story parking garage nearby.

Read more about the property at Philadelphia Business Journal by clicking here.

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