Former Macy’s Wing at Plymouth Meeting Mall Sells for $14.3M

Former Macy’s Wing at Plymouth Meeting Mall Sells for $14.3M

A portion of the Plymouth Meeting Mall fronting Germantown Pike—formerly home to Macy’s—has been sold for $14.3 million to 500 Germantown Partners LLC & ET A, an entity tied to Goodman Properties of Jenkintown. The transaction closed on September 2nd.

While PREIT remains the main landowner of the overall mall property, this section was privately owned since 1988 by entities now known as Bayview Associates & Esan, LLC.

The property underwent a major redevelopment between 2017 and 2019 after Macy’s closure and now features a strong retail mix including Dick’s Sporting Goods, Burlington, Miller’s Ale House, Edge Fitness, Michaels, and Ideal Image, with one remaining vacancy in the former Real Fruit space.

*Article courtesy of More Than The Curve

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