King of Prussia Mall Filling Vacancies

KING OF PRUSSIA, PA-Store closings are happening all across the country at a rapid pace, and Kravco Simon Co.’s 2.8-million-square-foot King of Prussia Mall is no exception. But the center is having luck filling vacancies even as many shops are shutting their doors, according to a Philadelphia Business Journal article.

Mall management has tackled this situation by taking on temporary leasing and having the good fortune of being a place where retailers want to lease space. As Crabtree & Evelyn, Talbot’s, Smith & Hawken, and others have closed, but names like Gucci, Michael Kors and Kiehl’s are taking their places. Management also has multi-million dollar, but secret, plans to overhaul a vacant 194,000-square-foot department-store space.