PREIT
PREIT is a privately held real estate investment trust that owns and develops shopping centers, primarily in the Mid-Atlantic region.
Founded in 1960, it focuses on transforming traditional malls into mixed-use, community-centric hubs. PREIT emerged from its second bankruptcy in 2024 and is now privately owned.
Address: 2005 Market Street, Suite 1120, Philadelphia, PA 19103
Phone: (215) 875-0700
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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. Bob…
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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…
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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 traversing…
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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…
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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 of its collateralized…
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