Posts Categorized: KOP Office Space

King of Prussia Office Building Off Gulph Road Trades for $25.8M

A real estate company from Rehoboth Beach has acquired 211 S. Gulph Road, a 102,204-square-foot office building in King of Prussia, for $25.8 million, or roughly $250 a square foot. This marks Jack Lingo Asset Management’s entrée into the Philadelphia office market. About a year ago, the company added office properties to its overall investment… Read more »

Penn leases 150,000 SF at Discovery Labs in KoP

The University of Pennsylvania has signed a lease on 150,000 square feet at Discovery Labs in King of Prussia and will use the space for its gene therapy program.  The space is in two buildings off Swedeland Road in what had been previously built and used by GlaxoSmithKline and later sold to a Radnor real… Read more »

E. Kahn Development buys vacant KoP building for $24.5M

E. Kahn Development has paid $24.5 million for 760 Moore Road, a vacant, 260,000-square-foot building in King of Prussia.  The seller was BNY Mellon, which had used the building as an operations center for nearly two decades. The bank had determined it no longer needed the space, considering it as excess real estate and decided… Read more »

Exclusive: Lord & Taylor at King of Prussia Mall Being Eyed for Office Space

Plans have been made to redevelop the Lord & Taylor department store at the King of Prussia Mall into office space.  The two-story, 119,345-square-foot space will be rebranded as York Factory, a reference to a settlement in Canada that was also the site of a historical Hudson Bay factory. The King of Prussia store hasn’t closed yet… Read more »

With $2M from Well-Known Philadelphia-Area CEOs, KoP Fintech Startup Finds Success and Adds 100 Employees During Covid

PowerPay Co-founders David Haas and Michael Petrakis launched the company just before the Covid-19 pandemic, and started turning a profit six months in. David Haas and his co-founder Mike Petrakis went into the Covid-19 pandemic with $2 million in seed funding from a handful of well-known Philadelphia CEOs, 10 employees and a prayer.  The leaders of King of… Read more »

King of Prussia Flex Building Trades for More than $9M

Velocity Venture Partners has paid $9.3 million for 780 Fifth Ave., a 97,000-square-foot flex building in King of Prussia.  The acquisition is one of a series that Velocity has made this year as it spent $150 million to double its industrial holdings in Pennsylvania and New Jersey. The company bought 2 million square feet across… Read more »

Protecs to develop 74,000 s.f. lab-office building in King of Prussia

Protecs Inc., a Plymouth Meeting company that has spent the last eight years converting offices into lab space for life science and tech firms, has set its sights on developing a new 74,000-square-foot building in Upper Merion.  The new structure will be built on nearly six acres at 3700 Horizon Drive and connected to an… Read more »

Purolite relocates headquarters to KoP

Purolite Corp. has relocated its headquarters to King of Prussia from its longtime home in Bala Cynwyd. The company, which makes specialty resins used in the pharmaceutical and other industries, signed a 10-year lease on 12,500 square feet at 2201 Renaissance Blvd. Equus Capital Partners is the landlord and the company completed a move into… Read more »