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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$100M Redevelopment Aims to Turn Plymouth Meeting Mall Into Montco’s Next Town Center
A major transformation is on the horizon for the Plymouth Meeting Mall, writes Paul Schwedelson for The Philadelphia Business Journal.…
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Lender Puts Willow Grove Park Mall on Market Following Matured $170M Debt
The majority of Willow Grove Park Mall, one of the largest shopping malls in the region, has been put on…
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Formerly Farmland, New Mixed-Use Community Planned for New Garden Township
Stonewall Capital, a Baltimore-area developer, is planning a massive mixed-use project on former farmland in New Garden Township, writes Melody…
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Redevelopment of Exton Mall Among Mixed-Use Projects Reshaping Philadelphia Suburbs
The redevelopment of the Exton Square Mall by Abrams Realty & Development is among the growing number of projects reshaping…
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Dresher’s BET Investments Leads Suburban Redevelopment Wave
Montgomery County is becoming the proving ground for large-scale redevelopment projects, according to Paul Schwedelson for the Philadelphia Business Journal.…
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West Conshohocken’s Keystone Development Secures Big Funding for Plymouth Meeting Mall Residencies
A longtime office building next to the Plymouth Meeting Mall is getting a fresh new life as luxury apartments, writes…
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Abrams Realty Buys Exton Square Mall, Plans to Build New Homes and Limited Commercial Space
Exton Square Mall officially has a new owner as of Tuesday, with PREIT selling the beleaguered property to Abrams Realty…
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Keystone Begins Transformation of Plymouth Meeting Mall Office into Luxury Apartments
Keystone Development + Investment began converting a long-vacant office building next to the Plymouth Meeting Mall into a modern residential…
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Plymouth Meeting Mall Makes Plans for Residencies
PREIT is transforming Plymouth Meeting Mall by integrating residential developments, reports Paul Schwedelson for the Philadelphia Business Journal. The company…
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Local Malls Reinvent the Retail Experience to Keep Relevant
As local malls adapt to shifting consumer habits, the King of Prussia Mall, Plymouth Meeting Mall, and Willow Grove Park…
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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…
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PREIT’s New Leadership Keeps Exton Square Mall On List of Properties for Sale
The Exton Square Mall has remained up for sale under PREIT’s new leadership, writes Paul Schwedelson for the Philadelphia Business…
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Plymouth Meeting, Willow Grove Mall Owner PREIT Going Private After Emerging from Bankruptcy
PREIT, the owner of Plymouth Meeting and Willow Grove malls, is set to go private after it emerged from bankruptcy…
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For Second Time in Three Years, Plymouth Meeting Mall Owner Files for Bankruptcy
For the second time in a little over three years, Philadelphia-based PREIT, owner of the Plymouth Meeting Mall, has filed…
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Willow Grove Park Mall CEO Believes New Mall Consumers ‘Value Experiences Over Goods’
Joseph Coradino, CEO of PREIT, owner of the Willow Grove Park and Plymouth Meeting Malls, took a hard look at…
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With Its $1 Billion Debt Coming Due, Owner of Plymouth Meeting Mall May Have to File for Bankruptcy Again
Philadelphia-based PREIT, owner of Plymouth Meeting Mall, could be heading for another bankruptcy filing just under a month before its…
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Willow Grove Mall Hosting Back-to-School Celebration Next Month
PREIT, the owner of the Willow Grove Mall, is hosting a fun-filled back-to-school event with food, live music, and activities…
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Tilted 10 Opens Additional Level at Willow Grove Park Mall
The second phase of construction of Tilted 10 by Nickels and Dimes Incorporated at the Willow Grove Park Mall is…
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