CBRE Arranges Leases for Four Tenants at King of Prussia Town Center

2/25/19

As the outdoor lifestyle center nears capacity, additional tenants are announced

CBRE Global Investors, the real estate investment, development and management firm behind King of Prussia Town Center has finalized four new leases to join the 260,000 square-foot upscale outdoor lifestyle center in 2019.

The booming Montgomery County destination will welcome service-oriented tenants including: Verizon, slated to open in March; Drybar, a premier blow dry bar slated to open in March; Smile Direct, a cosmetic dentistry company slated to open late May; and Heart + Paw, an independent pet shop slated to open late September.

“We are excited to bring more of the high-demand, experiential tenants that the King of Prussia Town Center has become a destination for since 2016,” said Joe Mancuso, Managing Director at CBRE. “We have been strategic in selecting complementary businesses that add to the current tenant mix and downtown feel of the Town Center. “

Experiences are the pinnacle of the outdoor lifestyle center, which is centered around a communal green space which is activated with free events and programming, including movies, live music, fitness events, and more. The pedestrian-friendly atmosphere channels an experience found in a downtown urban environment – where patrons can find a balanced mix of offerings – from familiar national favorites like Ulta Beauty and Nordstrom Rack, to independent specialty shops and unique dining concepts like Duck Donuts, Founding Farmers, Kilwin’s and Vitality Bowls.

A full schedule of programming for this spring and summer will be announced through the King of Prussia Town Center Facebook page in March 2019.

About King of Prussia Town Center

The King of Prussia Town Center is an upscale experiential retail center located at the heart of The Village at Valley Forge, a large-scale development project comprised of Wegmans, Children’s Hospital of Philadelphia, and five new residential developments. Located just 20 miles west of Philadelphia, King of Prussia Town Center serves as the region’s downtown where outdoor shopping, dining and entertainment converge. Major retailers including Nordstrom Rack, Ulta, REI and LA Fitness surround a vibrant Main Street lined with a robust mix of desirable dining, retail and service providers. At the
center of it all, the Town Square welcomes patrons to gather, relax, make new memories
and enjoy the moment in the open green space framed by decorative water features and a
custom 60-foot fire wall.

About CBRE

CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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