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KOP Rail: Transforming Commercial Real Estate in Our Region

Thursday, March 21, 2019
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General Interest Events
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KOP Rail: Transforming Commercial Real Estate in Our Region

Greater Philadelphia is poised for major transformation as the long-awaited King of Prussia Rail (KOP Rail) project continues to move forward. KOP Rail will extend the existing Norristown High Speed Line into King of Prussia, connecting the three largest employment centers in the Philadelphia region - Center City, University City and King of Prussia - and will serve as a catalyst for economic development for the entire region. While many industries stand to benefit from King of Prussia Rail, the potential effect on Commercial Real Estate in our region is particularly impactful. Studies show that the national average rent in transit-accessible buildings is significantly higher than the average market rent. Properties in close proximity to safe and reliable public transportation are more attractive to tenants, who then are then better positioned to recruit and retain employees. In this webinar, Jerry Sweeney, President, Chief Executive Officer and Trustee of Brandywine Realty Trust, will share these and other benefits that CRE stands to gain from KOP Rail, and offer perspectives on how this transformative project will keep our region competitive in the global market.Less

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