Tag Archives: King of Prussia

Rearranging in Q4: “Reverse Migrations” in the CBD and Tenant Shuffling in the Suburbs

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JLL Q4 2016 Stats for CBD and Suburbs

With a new year and a changing skyline, JLL has released Q4 2016 stats that are indicative of some interesting trends in the central business district and suburbs of Philadelphia.

CBD insights show that:   

  • Businesses’ “reverse migrations” eastward, such as Five Below’s relocation to 701 Market Street,
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What went on in the ‘burbs during Q3?

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Large deals made headlines in the third quarter of 2015, according to JLL’s Office Statistics and Insights, released in October:

Four investment sales took place totaling more than $211.5M in the King of Prussia/Wayne area.

  1. CrossPoint at Valley Forge, a recent redevelopment project at 550 E. Swedesford Road, sold for $328 per square foot, topping last year’s high watermark of 1000 Continental Drive by $22 per square foot.
  2. Liberty Property Trust continued its exit
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