Tag: PREIT

Exton Square Mall aerial viewRetail

Local Developer Moves to Acquire Exton Square Mall

Elkins Park-based Abrams Realty & Development is in the process of acquiring the Exton Square Mall with plans to revitalize the struggling property, writes…

macy's at exton mallBanking & Finance

Exton Mall Owner PREIT Going Private After Emerging from Bankruptcy for Second Time

PREIT, the owner of Exton Square Mall, is set to go private after it emerged from bankruptcy protection for the second time in four years…

Willow Grove Mall ground perspective of carousel decoration on ceilingRetail

Willow Grove Mall CEO Believes New Consumers ‘Value Experiences Over Goods’

Joseph Coradino, CEO of PREIT, owner of the Willow Grove Mall, took a hard look at its portfolio well before the onset of the pandemic…

Interior view of Willow Grove Park MallRetail

With Its $1 Billion Debt Coming Due, Owner of Moorestown, Willow Grove Malls May Have to File for Bankruptcy Again

Philadelphia-based PREIT, owner of Moorestown and Willow Grove malls, could be heading for another bankruptcy filing just under a month before its credit facilities…

Planned apartment complex at the Plymouth Meeting MallRetail

PREIT Looks to Maximize Remaining Mall Properties by Adding Up To 7,000 Apartments

PREIT, the Philadelphia-based owner of the Plymouth Meeting Mall and Willow Grove Mall, is looking to add as many as 7,000 apartments to…

Real Estate

NYSE Suspends Trading in PREIT Shares, Starts Stock Delisting Process

Pennsylvania Real Estate Investment Trust, the owner of Plymouth Meeting Mall and Willow Grove Park Mall, is being booted off the New York Stock Exchange…

Images via PREITMontgomery County

Willow Grove and Plymouth Meeting Malls’ PREIT Soars Following Reverse Stock Split

PREIT, owner of Plymouth Meeting Mall and Willow Grove Park Mall, has executed a 1-to-15 reverse stock split to boost its share price…

Plymouth meeting mall preitMontgomery County

Willow Grove Malls’ PREIT Makes Dent in Its Debt with $35M in Land Sales

PREIT, owner of Willow Grove Park Mall, has made progress on its debt payments with $35 million in land sales, writes Matthew Rothstein for Bisnow…

Springfield-Mall storefrontRetail

Willow Grove Park Mall Owner to Dodge Exec Flight: Paying to Tamp Down Straying

PREIT, the owner of Willow Grove Mall (and others), is paying retention bonuses to certain employees “in an effort to ensure continuity and stability and…

willow grove park mall FB Q1 results from PREITEntertainment

PREIT Reports 1Q22 Results, Ahead of New Family Entertainment Center at Willow Grove Park

The Pennsylvania Real Estate Investment Trust (PREIT) has released its 1Q22 results, including performance stats for Willow Grove Park’s new family fun center.

“Our…

malls closedReal Estate

If, As a Teen, You 'Lived' at Willow Grove Mall, Its Owner May Just Make That a Reality

The owner of Willow Grove Park Mall (and others in the region), has an interesting idea to buck up the retail location’s finances: apartments…

hobby horseRetail

Willow Grove Mall's Owner PREIT Has ‘Substantial Doubt’ Over Ability to Stay in Business Over the Next Year

Pennsylvania Real Estate Investment Trust (PREIT), the owner of Willow Grove Park Mall (and others), has “substantial doubt” about being able to remain in business…

preit mallRetail

PREIT, Owner of Willow Grove Mall, Announces Core Sales of Over $600 Per Square Foot

Pennsylvania Real Estate Investment Trust (PREIT), the owner of Willow Grove Mall, closed 2021 on a high note with core mall rolling 12-month sales…

building with a clockReal Estate

Wegmans in Montgomery Mall to Go Up for Sale

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…

Court at Oxford Valley, Fairless HillsReal Estate

PREIT Secures Loans With Properties From Its CRE Portfolio, Including Court of Oxford Valley

The Pennsylvania Real Estate Investment Trust (PREIT), property owner for numerous East Coast-based malls and shopping complexes, recently secured $172 million in loans. One…