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 »
Pennsylvania Real Estate Investment Trust (PREIT), the owner of Plymouth Meeting Mall and Willow Grove Park Mall, has “substantial doubt” about being able to remain in business over the next year, according to the annual report the company filed with the Securities and Exchange Commission, writes Natalie Kostelni for the Philadelphia Business Journal. PREIT made this… Read more »
