Pennsylvania Real Estate Investment Trust, Exton Mall’s parent company, recently sold more properties including its 50 percent interest in Whitehall Mall in Allentown.

PREIT opened the mall in 1966.  The transaction was valued at $25 million. Since PREIT began its current disposition program in 2012, 15 assets have been sold, generating total $420 million.

“Our selective disposition program has enabled us to generate proceeds to upgrade our core, high-quality properties, while maintaining solid operational performance and a strong balance sheet,” said Joseph F. Coradino CEO. “Today, PREIT boasts a premier portfolio, supported by a healthy and flexible balance sheet, strategically positioning the company for long-term success and continued value creation.”

The other properties just sold were outparcels adjacent to the company’s Magnolia and Francis Scott Key Malls. Read the Allentown Morning Call’s piece on the sale here.

Holiday happenings at the Exton Square Mall are at http://www.extonsquare.com/