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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To Avoid Default, Owner of Willow Grove Park, Plymouth Meeting Mall Trimming Executive Salaries
As part of a deal with lenders to stave off default, PREIT, owner of Willow Grove Park and Plymouth Meeting…
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Willow Grove Mall Owner Reports Majority of Shoppers Returning, Sales Exceeding Expectations
By Chris Isaac As the majority of PREIT’s malls returned to business in late June and early July, there was…
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Closed Since March, PREIT Announces Plymouth Meeting, Willow Grove Malls Will Reopen Friday
By Chris Isaac As the “green phase” spreads throughout Pennsylvania and starts lifting social restrictions, that also means the return…
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Owner of Plymouth Meeting and Willow Grove Malls Unsure of Its Ability to Survive Over Next Year
Pennsylvania Real Estate Investment Trust, the owner of Plymouth Meeting and Willow Grove malls, is unsure of its ability to…
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As Share Price Dips Below $1, Owner of Willow Grove, Plymouth Meeting Malls Asking for Forgivable Federal PPP Loan to Pay Employees
PREIT, owner of Plymouth Meeting and Willow Grove malls, has applied for a “forgivable” federal Paycheck Protection Program loan to…
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Owners of County Malls Turn to Layoffs, Cutting Dividend to Survive amid Coronavirus-Related Closings
Pennsylvania Real Estate Investment Trust and Simon Property Group are trying to find ways to stay afloat as the coronavirus…
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Despite Disappointing Fourth-Quarter Earnings, PREIT Is Optimistic About Future of Malls
Pennsylvania Real Estate Investment Trust, owner of Plymouth Meeting and Willow Grove malls, saw its shares fall by 27 percent…
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Recently Announced Macy’s Closures Could Affect Region’s Mall Owners Significantly
With several Macy’s and Bloomingdale’s department stores in their malls across the region, Pennsylvania Real Estate Investment Trust and Simon…
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PREIT Seeing Results from Updating Its Willow Grove, Plymouth Meeting Malls
Pennsylvania Real Estate Investment Trust is starting to see results from the investments it has been making in its properties,…
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Redeveloped Plymouth Meeting Mall ‘Sets Standard for New Era of Mall Experiences’
In the last decade or so, there has been a reimagining of what shopping malls in the suburbs should look…
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PREIT adds dynamic retail and experiential concepts to Plymouth Meeting Mall lineup
Pennsylvania Real Estate Investment Trust (PREIT) continues to improve the customer experience at Plymouth Meeting Mall by adding dynamic retail…
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PREIT puts high hopes on redeveloped Plymouth Meeting Mall
Pennsylvania Real Estate Investment Trust is hoping the redeveloped Plymouth Meeting Mall will help propel it into the nation’s premier…
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Toll Bros. eyes corporate HQ move, will remain in Montco
With not quite the same cross country cache of an Amazon HQ move, leaving Horsham for Fort Washington is still…
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Plymouth Meeting Mall continues its evolution with former Macy’s rebuild
The retail world is continuing its evolution into experiential venues as the former Macy’s at Plymouth mall will now house…
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5 Wits opens with a bang at Plymouth Meeting Mall
Montgomery County dignitaries welcomed a unique entertainment destination to Plymouth Meeting Mall at a recent ribbon-cutting and VIP reception. 5…
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5 Wits, where escape room meets video game immersion
Using the slogan, “Your adventure awaits,” 5 Wits relies on computer-controlled special effects, themed rooms, and physical interaction to put participants…
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Chester County Mutual Fund May Be Montco’s Largest Retail Landlord
Vanguard is continuing to establish itself as the nation’s new landlord as it grows its real estate investments, writes…
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Entertainment is Giving PREIT Malls New Lease on Life
With close to 300 malls in the country predicted to close over the next five years, a number of owners,…
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