X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHILADELPHIA-The construction and opening of an 88,240-sf Kohl’s department store at Barn Plaza in Doylestown, PA, marks the completion of phase one of a two-phase redevelopment program being undertaken by owner, Plymouth Meeting, PA-based Kramont Realty Trust.

Barn Plaza, which is located on 42.3 acres, opened in 1987 with 213,100 sf of gross leasable space. With completion of Kohl’s, it now has 238,250 sf, an increase of 11.8%.

Phase two, a renovation of the center’s façade, begins immediately. “With Kohl’s, we expect Barn Plaza will generate more frequent customer-visits from a broader geographic area, resulting in increased sales for all merchants,” said George Demuth, EVP and COO of Kramont. Other tenants include a 35,000-sf Marshall’s and an Eckerd Drug store.

Kohl’s is based in Menomonee Falls, WI, and has 492 stores nationwide, 27 in PA. It had sales of $9.1 billion in 2002.

With the expansion of Barn Plaza, Kramont owns, operates, manages and has under development 91 properties encompassing approximately 11.6 million sf in 15 states. Grocery, drug or value-store retailers anchor 75% of the 91 properties.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.