King of Prussia District Logo
  • News
  • Blog
  • Events
  • Contact
  • Explore King of Prussia
    • Hotels, Conference & Meeting Spaces
      Hotels, Conference & Meeting Spaces
    • Fun & Fitness
      Fun & Fitness
    • Shopping
      Shopping
    • Dining & Nightlife
      people eating dinner and cheers with beer glasses
      Dining & Nightlife
    • Parks & Trails
      Parks & Trails
    • Healthcare & Life Sciences
      Healthcare & Life Sciences
    • Small Business Directory
      open sign hanging in a window
      Small Business Directory
  • Development
    • Future Plans
      artistic rendering of exteriors of multiple buildings
      Future Plans
    • Recently Completed
      exterior of topgolf building
      Recently Completed
    • Development Map
      image of a map on a laptop screen
      Development Map
  • Do Business
    • HQ KOP
      HQ KOP
    • KOP Insiders
      person wearing a blue shirt and vest with arms crossed, smiling and standing outdoors by a tree
      KOP Insiders
    • Business Parks
      Business Parks
    • Available Commercial Space
      office building rendering
      Available Commercial Space
    • Job Opportunities
      people working in an office
      Job Opportunities
  • Live
    • Housing
      apartment living room
      Housing
    • Education
      Education
    • Community Resources
      family with shopping carts full of food
      Community Resources
  • Recently Completed
  • Future Plans
  • Get Around
    • By Car
      cars on the road
      By Car
    • Public Transit
      bus driver sitting in bus
      Public Transit
  • What We Do
    • Mission, Vision and Guiding Principles
      king of prussia town center at dusk
      Mission, Vision and Guiding Principles
    • Marketing & Communications
      bus back ad
      Marketing & Communications
    • Physical Improvements
      landscaped median
      Physical Improvements
    • Transportation
      cement pathway with brightly colored tables and chairs, benches and a trash receptacle
      Transportation
    • Land Use & Zoning
      aerial view of moore park
      Land Use & Zoning
    • Research & Data Analytics
      corporate office building and parking lot
      Research & Data Analytics
    • Staff
      Staff
    • Board of Directors
      meeting in a board room
      Board of Directors
    • District Opportunities & Updates
      District Opportunities & Updates
    • Awards & Accomplishments
      group of people holding awards posing for a photo
      Awards & Accomplishments
    • Stakeholder Meetings
      desk with electronic devices and office supplies on it
      Stakeholder Meetings
    • Resources & Publications
      mock up of Annual Report to the Community
      Resources & Publications
  • Sponsorships
  • linkedin-in-brands
  • instagram-brands
Contact
Sponsorships
February 16, 2021

KoP, Bala Cynwyd mall owners look to fill vacant department stores with medical space

  • Facebook Icon
  • Twitter Icon
  • LinkedIn Icon

Source, Philadelphia Business Journal, Natalie Kostelni

Two different mall owners in Montgomery County are marketing vacant department store space to medical users as part of an effort to reposition the properties beyond retail use.

Simon Property Group (NYSE: SPG) is seeking to convert 104,065 square feet of a former JCPenney store at the King of Prussia Mall in Upper Merion into medical space. In Lower Merion, Federal Realty Investment Trust (NYSE: FRT) and its investment partner, Ironwood Property Group, has plans to create a 320,000-square-foot medical campus at its Bala Cynwyd Shopping Center. The campus would be comprised of a converted 120,000-square-foot Lord & Taylor and a proposed new 200,000-square-foot building.

Efforts to reimagine these large retail boxes is picking up locally though it’s a national trend. The Philadelphia Business Journal reported last week Hudson Bay Co. planned to redevelop a two-story, 119,345-square-foot Lord & Taylor department store at the King of Prussia Mall into office space. Simon, which owns most of the mall, doesn’t own the Lord & Taylor space.

In addition, Pennsylvania Real Estate Investment Trust (NYSE: PEI) said it enlisted CBRE Inc. to help identify different tenants beyond retail for its properties including the Plymouth Meeting Mall.

In recent years, mall owners have focused on providing more entertainment, dining and exercise options as a way to fill spaces vacated by apparel and other retailers. While that proved successful for a time, the pandemic has thrown that strategy into disarray since many restaurants, gyms, movie theaters, concert, bowling and ax throwing venues have been forced to close or operate at diminished capacity.

That has meant reevaluating the best approach to filling vacant space at malls.

“Malls are in the middle of some of the best demographics in the country,” said Anthony LeVecchi, a broker with JLL who is marketing the Simon space at King of Prussia and the Federal space in Bala Cynwyd. These properties provide access, parking and visibility, which are what many medical office users are looking for as they look to create more of a retail experience for their patients.

“It’s not going to work at every single mall out there,” he said.

Many of the region’s health systems have been expanding throughout Philadelphia’s western suburbs and South Jersey to reach more patients and have it easier for them to access their services. PennMedicine, Jefferson Health and Children’s Hospital of Philadelphia and Tower Health are among those that have established multiple locations in recent years and continue to add in areas where they don’t have a presence.

“The big question is how will medical office space look differently after Covid and how are they positioning themselves from a real estate standpoint?” LeVecchi said.

Simon has been working on plans to add an apartments, a hotel and other uses to the King of Prussia Mall to the area where the vacant JCPenney stands. There are several medical facilities nearby at the Village at Valley Forge including a Main Line Health outpatient center dedicated to women as well as a CHOP outpatient center and new hospital that is under construction.

In Bala Cynwyd, Federal Realty has started to reimagine the 294,000-square-foot shopping center. It completed last year a $23 million apartment complex called the Delwyn. That project was developed on a portion of a surface lot.

The shopping center sits in an area with strong demographics and attracts shoppers from the Main Line and Philadelphia. Within a mile radius of the center, there’s a population of 20,716 and a daytime population of 36,176 with an average household income of $87,187.

LeVecchi didn’t divulge rent ranges for the King of Prussia or Bala spaces though they are two different office markets and the space is a mix of existing and new. The existing space totals 224,000 square feet and the proposed new building at Bala another 200,000 square feet.

“It’s definitely a lot of space but anchored by the right tenant you can bring in some of the ancillary pieces to fill it out,” LeVecchi said.

Related Posts

View All
Jul 7, 2025 News
black crown iconKOP District Initiative

King of Prussia to develop 1.8-acre Recharge Park. It’s an emblem of a grander vision

WHYY
Jul 7, 2025 News
black crown iconKOP District Initiative

King of Prussia District is abuzz with honeybees hard at work

WHYY
Jul 7, 2025 Press Release

King of Prussia’s Dining Scene Heats up with Eight New Restaurants and More on the Way

Read More
Jul 7, 2025 News

King of Prussia Now has More Renters than Homeowners, Joining Hundreds of Major Suburbs Nationwide

The Philadelphia Inquirer
Jul 3, 2025 District News
black crown iconKOP District Initiative

Hot Summer, High Demand: King of Prussia Draws Distant Visitors

Read More
Jul 1, 2025 District News
black crown iconKOP District Initiative

Growth, Connection & New Energy at KOP District

Read More
Jul 1, 2025 District News
black crown iconKOP District Initiative

Expanding Connections: KOP District Joins the Circuit Trails Coalition

Read More
Jul 1, 2025 District News
black crown iconKOP District Initiative

Introducing the 2025 Community Engagement Action Plan

Read More
Jun 20, 2025 News

Famed Chef Peter Chang Brings His Acclaimed Chinese Cuisine to King of Prussia

Montco.Today
Jun 18, 2025 News

King of Prussia’s Netflix House will open later this year

The Philadelphia Inquirer

Keep Up With KOP

Be the first to hear about new events and experiences.
Subscribe Now
  • Explore
  • Do Business
  • Live
  • Get Around
  • Development
  • What We Do
  • 2025 Sponsors
  • linkedin-in-brands
  • instagram-brands
©2025 King of Prussia District All Rights Reserved
Privacy Policy
Open toolbar Accessibility Tools

Accessibility Tools

  • Increase TextIncrease Text
  • Decrease TextDecrease Text
  • GrayscaleGrayscale
  • High ContrastHigh Contrast
  • Negative ContrastNegative Contrast
  • Light BackgroundLight Background
  • Links UnderlineLinks Underline
  • Readable FontReadable Font
  • Reset Reset
  • SitemapSitemap