New Commercial Leasees Push KOP Town Center to Nearly 100 Percent Occupancy
The five owner-operators of recently leased storefronts at the KOP Town Center may consider themselves lucky to get under the wire. The retail-dining site off N. Gulph Road is nearing 100 percent occupancy, with only two storefronts currently vacant. Natalie Kostelni unlocked the details for the Philadelphia Business Journal.
Recently signed new renters are:
- Spread Bagelry
- Shade Store (window treatments)
- Buff City Soap
- Cork & Candles (a wine/candle-making pairing)
- Pizzaria Vetri
Also elevating the occupancy rate is a lack in turnover from the property’s 2016 opening. Only a few original tenants have left, including B. Good and Naf Naf Grill.
The success of the venture is attributed to factors that include its mixed-use environment and steady foot traffic.
In addition to the retail and residential components, the real estate holds a Children’s Hospital of Phila. healthcare center, a Main Line Health outpatient facility, and a Wegmans supermarket.
Its open-space center is also a noteworthy draw. Its outdoor setting for music, movies, and general socializing helped keep visitors comfortably visiting during the pandemic.
More on the ongoing success of the KOP Town Center is at the Philadelphia Business Journal.
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