9th Street Development's first investment in Pennsylvania offers rare leasing opportunity
Authors
Tessa Bonnstetter
WILMINGTON, DE - March 2, 2026 – JLL announces today the active leasing and marketing at 101 and 128 E State Street in Kennett Square, Pennsylvania. Together, the more than 180,000 square foot combination of office, medical, residential and retail availability marks a rare opportunity for the Borough of Kennett Square.
“We’re incredibly excited by the growth and opportunity taking shape in Kennett Square,” said Robert Herrera, President of 9th Street Development. “This marks our first investment in Pennsylvania, and these buildings truly sit at the corner of Main and Main—right in the heart of a vibrant, walkable downtown corridor that’s already rich with history, energy and community.”
9th Street Development will officially acquire the properties in April 2026. Their investment will include a residential conversion at 128 E State Street, along with extensive renovations to the lobby and tenant amenity spaces at 101 E State Street.
“The former Genesis HealthCare buildings are extremely well-positioned for leasing opportunities,” stated Blaise Fletcher, Managing Director at JLL. "Since acquiring these properties, we have actively engaged with prospective tenants and executed leases with Mayday Coffee Shop, a community-focused café, and Tinker, a curated yarn and craft space. Conversations with potential office and medical tenants are ongoing. This is just the beginning for this outstanding development."
JLL’s Blaise Fletcher and Jamie Vari oversee the leasing and marketing for 101 and 128 E State Street. For more information about the leasing opportunities, visit https://www.loopnet.com/Listing/101-E-State-St-Kennett-Square-PA/35832729/.
About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.