The Wegmans in the Montgomery Mall has recently been put up for sale, writes Natalie Kostelni for the Philadelphia Business Journal.

Its “for sale” sign arose around same time as the announced sale of the Whole Foods Market in Plymouth Meeting.

It’s not out of the ordinary for real estate owners to sell off parts of a larger property.

For example, leases with excellent credit tenants, such as Wegmans, are very desirable. The leases are typically long-term with stable rents and options to extend, making them attractive to investors.

The Montgomery Mall Wegmans started its lease in November 2013, with its expiration in November 2033. There are several options to extend it.

The Plymouth Meeting property is part of a capital-raising initiative by PREIT.

According to PREIT’s spokeswoman Heather Crowell, there are $120 million in asset sales that it anticipates could close by mid-2022, and the Whole Foods deal is among them.

Read more about the Wegman’s sale in the Philadelphia Business Journal.