King of Prussia absorbing tons of new supply with new projects leasing at the fastest rate of any Philly suburb. https://product.costar.com/home/news/2001623459?market=28 …
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Met Life bought Hanover/Onnia for $338k per door. UDR bought Park Square for $345k per door.
What's driving this? Hard for me to imagine that a suburb famous for its mall of all things is absorbing so much multifamily. Is it vanguard close by? Sorry no costar login so cannot see original article.
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Retail at the King of Prussia town center. A little west of the old mall. http://kingofprussia-towncenter.com/ . Here’s a sense of what’s going on there.pic.twitter.com/KBPr6Uny4i
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Bizarre! Doesn't look like that nice of a place to live.
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