King of Prussia
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Greenphire Expands King of Prussia Headquarters, Prepares for Major Growth in Workforce
Greenphire has more than doubled its headquarters in King of Prussia and is planning to double the number of its employees over the next three years, writes Natalie Kostelni for the Philadelphia Business Journal. The technology company that focuses on the clinical trial industry currently leases 55,000 square feet at Valley Forge Park Place, up…
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Qlik Partners with Montgomery County Intermediate Unit to Educate Students on STEM Leadership and Careers
The PA SEED Ecosystem is continuing the Chief Science Officers (CSO) Program for the 2021 – 2022 school year. The CSO Program is for students in 6th – 12th grade who demonstrate an interest in science, technology and/ or innovation and have a desire to impact their community. The overall Program Goals are to: create…
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CTI Foods Plans to Close King of Prussia Plant, Offer Workers Hope With Possibility of New Operator
CTI Foods has warned state officials that it is planning to close its meat processing plant in King of Prussia, writes Ryan Mulligan for the Philadelphia Business Journal. However, the company said it is currently in talks with a potential partner who would continue operating the facility and keep the 89 workers employed. If there…
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Record Crowds Celebrate KOP Beerfest Royale’s 10th Anniversary
After a year and a half of virtual gatherings and Zoom happy hours, beer fanatics from across the region were thirsty for the biggest party in the ‘burbs. On October 7 and 9, nearly 3,000 people joined together to celebrate the triumphant return of King of Prussia District’s KOP Beerfest Royale and toast to the…
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King of Prussia-based GVF’s My School in Motion Program Elevating Bike Encouragement at Valley Forge
King of Prussia-based GVF, a winner of the Bicycle Friendly Business award, is elevating bike encouragement at Valley Forge through its My School in Motion program, writes Raven Wells for the Bike League. Thanks to its participation, Valley Forge Middle School was also recognized in the latest round of Bicycle Friendly Business awards. GVF started…
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King of Prussia-based Morgan Properties Purchase Two Large Apartment Portfolios for $780.5M
King of Prussia-based Morgan Properties, which focuses on Class B multifamily properties, has acquired two large apartment portfolios throughout the South for $780.5 million, writes Natalie Kostelni for the Philadelphia Business Journal. This has increased the company’s total number of apartment units nationwide to 95,000. Morgan Properties purchased the Middle Street Partners and Northland portfolios,…
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Bala Cynwyd Could Be Next Montco Town to Undergo Development Boom Like King of Prussia, Conshohocken
Bala Cynwyd is poised to undergo a major development boom over the coming years on a scale of those in King of Prussia and Conshohocken, writes Natalie Kostelni for the Philadelphia Business Journal. Tishman Speyer Properties is planning to proceed with its plans to develop 2.1 million square feet of new space. The proposal would…
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King of Prussia Manufacturer to Be Acquired by Ecolab for $3.7B
Ecolab has announced it is planning to acquire King of Prussia-based Purolite for $3.7 billion, writes Patrick Kennedy for The Philadelphia Inquirer. The family-owned company provides purification solutions that will complement its new owner’s life sciences division. Purolite, founded in 1981 by brothers Steve and Don Brodie, has more than 1,000 employees in over 30…
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Valley Forge Tourism & Convention Board Partners with King of Prussia Mall to Unveil Arts Montco Wall
Valley Forge Tourism & Convention Board and King of Prussia Mall are proud to announce the debut of the first-ever Arts Montco Wall, featuring original works of art from local Montgomery County artists on display at the East Coast’s premiere indoor shopping destination. The installation, which is located in the mall’s connector corridor across from…
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Green Light for SEPTA King of Prussia High Speed Line Expansion is Favorable Sign for Montco and Beyond
SEPTA’s proposed King of Prussia expansion of the Norristown High-Speed Line recently received a green light from the FTA to enter the project development phase, writes David Peter Alan for the Railway Age. The approval comes nearly five decades after the expansion was first proposed and represents a significant step towards it becoming a reality.…
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Qlik Teams Up with Blacks In Technology Foundation to Increase African-American Tech Inclusion
King of Prussia-based Qlik is teaming up with the Blacks In Technology (BIT) Foundation to support efforts to increase representation of people of African descent in the Greater Philadelphia technology industry. As a regional sponsor, Qlik will collaborate with BIT Philadelphia to provide training and upskilling for workers who are transitioning into tech and technology…
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SEPTA’s Plan to Extend Rail Service to King of Prussia in Line for Potential Federal Funding Boost
SEPTA’s plan to extend its rail service to King of Prussia is in line for a potential boost in federal funding after it gained entry into a national program earlier this week, writes Ryan Mulligan for the Philadelphia Business Journal. The Federal Transportation Administration’s Capital Investment Grant program distributes grants under its New Starts program…
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Two Renaissance Park Office Buildings in King of Prussia Sell to MLP Ventures for $41.8M
Two office buildings at Renaissance Park in King of Prussia have been acquired for 41.8 million by MLP Ventures, which already has several properties in this part of Upper Merion, writes Natalie Kostelni for the Philadelphia Business Journal. The company acquired a 133,880 square-foot building at 2201 Renaissance Boulevard in King of Prussia for $27.9…
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King of Prussia Mall Owner Enters Into Partnership with Klarna to Offer In-store Payment Options
Simon Property Group, the King of Prussia Mall owner, has teamed up with Klarna to offers shoppers at its properties in-store payment solutions, writes Liz Kiesche for Seeking Alpha. “Identifying ways that support the success of our merchants while elevating the customer shopping experience are key priorities for Simon,” said David Simon, Chairman, Chief Executive…
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Montgomery County Target Employees to Get $2 Pay Bump During Holiday Season’s Peak Days
Montgomery County Target store and service center employees who pick up shifts during peak days of the holiday season will receive an extra $2 an hour, writes Melissa Repko for CNBC. This extra pay will be available to employees who work on Saturdays and Sundays from November 20 to December 19, as well as on…
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Civil War Nurse and Upper Merion Resident Anna Morris Holstein Honored with First-ever Historical Marker in King of Prussia
Anna Morris Holstein (1825-1900) is credited with saving, acquiring, and preserving General Washington’s Valley Forge Headquarters, at times referred to as “The Shrine.” Anna Morris Holstein is only the second Montgomery County woman with a Marker in her name in the 75-year history of the PHMC. Lucretia Mott was the other woman honoree. This will…
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King of Prussia Mall Owner Could Present Attractive Stock Option Before Holiday Season
Simon Property Group, owner of King of Prussia Mall and Philadelphia Premium Outlets in Limerick, could present an attractive stock buying option ahead of the holiday season, writes Portfolio Navigator for Seeking Alpha. Thanks to the very talented team at its helm, Simon has been a strong performer over the last several years. The company’s…
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Amazon Acquires King of Prussia Building, Expected to Redevelop It Into Warehouse
In a regional first, Amazon, which rents numerous warehouses in the Philadelphia area, has acquired an office building in King of Prussia from investor Eli Kahn, writes Jacob Adelman for The Philadelphia Inquirer. The eCommerce giant is expected to redevelop the property into a new warehouse. Amazon purchased the 57-year-old two-story building in June for…
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