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… Read more »
Efforts to reimagine the retail portion of Philadelphia’s historic Wanamaker Building are moving forward, now marketing the property to prospective tenants. The 300,000 square feet spanning the first three floors, formerly occupied by Macy’s, has been vacant since the retailer closed this past spring — a setback for the already challenged Market East corridor. Situated… Read more »
Macy’s plans to close its 435,000-square-foot store in the historic Wanamaker building by the end of March, marking a significant setback for East Market’s struggling retail scene. The announcement, made Thursday, is part of the retailer’s larger strategy to shut down 150 stores nationwide by 2026, including 65 closures this year. Among the first wave… Read more »
