Business Details
Your Trusted Partner for Real Estate Development Solutions
Founded in the late 1940s, Kravco Simon Company has established itself as a premier real estate development and property management firm based in King of Prussia, Pennsylvania. Our executive team, drawn from the experienced ranks of the Kravco Simon Company family, brings decades of collective expertise in managing, leasing, developing, and redeveloping over 30 million square feet of commercial real estate, primarily in the retail sector. We pride ourselves on delivering value-driven solutions that align with ownership goals while enhancing property values through strategic development and leasing practices. Our proven track record includes managing iconic properties like the Huntingdon Valley Shopping Center and DeKalb Plaza Shopping Center, which reflect our commitment to quality and innovation. With a focus on client success, we provide tailored services in property development, commercial leasing, asset management, and construction consulting.Our team prioritizes tenant satisfaction, proactive maintenance, and market-specific strategies to ensure our properties dominate their respective markets. Over 70 years of experience positions us as trusted partners for local, regional, and national tenants and investors. We combine deep industry knowledge with a hands-on approach to meet the unique challenges of commercial real estate. Our mission is to create community destinations through thoughtful development while maintaining the highest standards of professionalism and service excellence. This enduring commitment to our clients and partners continues to define our legacy in the real estate industry.
Services
Property Development
Commercial Leasing
Asset Management
Property Management
Construction Consulting
Highlights and features
- We have over 70 years of experience in commercial real estate development and management.
- Our team has managed 30+ million square feet of retail and office properties.
- We prioritize tenant satisfaction and proactive property maintenance strategies.
- We combine family-led leadership with industry-specific expertise and innovation.
- We have a proven track record of exceeding proforma expectations in property development.
Services
Property Development
Kravco Simon Company specializes in transforming real estate visions into reality through strategic property development. Our expertise includes site selection, zoning, construction management, and retail/office property development. We focus on creating community-centric destinations that align with market demands while maximizing investment returns. Our team's 70+ years of experience ensures projects meet budget, safety, and proforma expectations.
Commercial Leasing
We provide comprehensive commercial leasing services for retail centers, office buildings, and mixed-use properties. Our approach balances ownership goals with tenant needs, optimizing lease terms and property value. With expertise in retail and office sectors, we help tenants find ideal spaces and owners maximize occupancy rates through targeted marketing and market analysis.
Asset Management
Our asset management services focus on maximizing property value through proactive maintenance, tenant relations, and financial oversight. We implement technology-driven solutions for property tracking, budgeting, and performance analysis. By prioritizing tenant satisfaction and market-specific strategies, we enhance long-term asset value for retail and office properties.
Construction Consulting
Kravco Simon Company offers construction consulting services for new developments and property renovations. Our team provides oversight from planning through completion, ensuring projects meet quality standards, budget constraints, and safety regulations. We specialize in retail and office construction projects that create functional, market-competitive spaces for tenants and investors.
Portfolio Management
We manage commercial real estate portfolios with a focus on value creation and risk mitigation. Our services include financial reporting, capital planning, market analysis, and strategic reinvestment. By maintaining 30+ million square feet of properties, we've developed systems to optimize returns while maintaining high occupancy rates across diverse property types.
People
Steven M. Powell
President
Steven M. Powell leads Kravco Simon Company's development and leasing strategies with CRX, CRRP, and CLS certifications. He oversees project execution and client relationships.
Robert C. Birkbeck
Chief Financial Officer
Robert C. Birkbeck manages financial operations with expertise in commercial real estate accounting and investment strategy as a CRX and CRRP professional.
Jon R. Powell
Co-Chairmen of the Board
Jon R. Powell provides strategic leadership as Co-Chairmen, leveraging decades of experience in real estate development and property management.
Richard S. Powell
Co-Chairmen of the Board
Richard S. Powell contributes strategic oversight as Co-Chairmen, guiding Kravco Simon Company's long-term vision through family-led leadership principles.
Phillip D. Isen
Executive Vice President
Phillip D. Isen manages key client relationships and property portfolios, applying extensive experience in commercial real estate operations and development.
Questions
What services does Kravco Simon Company offer?
We specialize in property development, commercial leasing, asset management, and construction consulting for retail and office properties.
What geographic areas do you serve?
We primarily serve Pennsylvania, with properties in King of Prussia, Upper Darby, and Abington.
How long has Kravco Simon Company been in business?
We were founded in the late 1940s and have over 70 years of experience in commercial real estate.
What types of properties do you manage?
We focus on retail centers, office buildings, and mixed-use developments totaling 30+ million square feet.
How does Kravco Simon Company enhance property value?
We use proactive maintenance, strategic tenant placement, and market-specific development to maximize returns.
