The Pennsylvania Real Estate Investment Trust is selling the free-standing building at Exton Mall that is currently leased to Whole Foods Market, writes Natalie Kostelni for the Philadelphia Business Journal.

PREIT is being represented by Jim Galbally and Colin Behr of JLL. They estimate that the property could trade for approximately $22 million. Whole Foods currently leases it for its 55,000-square-foot store that opened last year.

The store was one of the region’s first to open after the company was acquired by Amazon. It highlights some of the changes Amazon has made to the more traditional layout of the stores, such as increasing the dining options, adding more locally-sourced items, and offering Amazon lockers and delivery.

The sale of the property also gives PREIT the chance to gain some capital and continue its repositioning of Exton Mall, according to PREIT CEO Joe Coradino.

He said “the plan is ultimately to redevelop Exton,” adding that it is so close to the mall it will still be “like we own it, even though we don’t because it’s still on our property.”

Read more about the sale in the Philadelphia Business Journal here.

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