PREIT
PREIT is a privately held real estate investment trust that owns and develops shopping centers, primarily in the Mid-Atlantic region.
Founded in 1960, it focuses on transforming traditional malls into mixed-use, community-centric hubs. PREIT emerged from its second bankruptcy in 2024 and is now privately owned.
Address: 2005 Market Street, Suite 1120, Philadelphia, PA 19103
Phone: (215) 875-0700
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Exton Mall Owner Files for Bankruptcy
By Chris Isaac After a tumultuous month where PREIT was trying to get all of its lenders to approve of a plan that would allow…
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Lenders Claim Exton Mall Owner Breached Agreement to File for Bankruptcy
By Chris Isaac As recently reported, PREIT, the Philadelphia-based owner of Exton Square Mall, has been trying to get all of its lenders to come…
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Exton Square Mall Owner Says They May File for Bankruptcy to Get $150 Million Loan
By Chris Isaac Analysts have been speculating for a while now that PREIT, owner of the Exton Square Mall, might be heading towards bankruptcy within…
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Exton Mall Owner Faces Being Delisted from Stock Exchange
By Chris Isaac The damage that COVID-19 has inflicted on the finances of PREIT, the parent company of malls in Plymouth Meeting and Willow Grove,…
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Owner of Exton Mall Sending Curated Surprise Boxes to Shoppers’ Homes
With COVID-19 concerns still on everyone’s minds, PREIT, the owner of Exton Square Mall, is attempting to entice customers to patronize its mall retailers in…
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Exton Square Mall Owner Announces $23M COVID Shut Down Losses
By Chris Issac PREIT had been able to get all of their malls opened up again near the start of the summer, but there was…
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To Avoid Default, Owner of Exton Mall Trimming Executive Salaries
As part of a deal with lenders to stave off default, PREIT, owner of Exton Square Mall, is paring back executive salaries and suspending dividend…
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Closed Since March, PREIT Announces Exton Square Mall Will Reopen Friday
By Chris Isaac As the “green phase” spreads throughout Pennsylvania and starts lifting social restrictions, that also means the return of shopping malls. PREIT has…
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What Does the Future Hold for Exton Square Mall?
By Ken Knickerbocker The Exton Square Mall holds a special place in the hearts of a vast number of Chester County residents. It has been…
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Saying Exton Square ‘Doesn’t Want to Be a Mall,’ PREIT Mulls Options Beyond Traditional Mall Concept
The Pennsylvania Real Estate Investment Trust is considering options for Exton Square Mall to move away from the traditional mall concept, writes Ellie Silverman for…
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Apartment Community Coming to Exton Square Mall
The Pennsylvania Real Estate Investment Trust has sold four acres at Exton Square Mall to Hanover, which plans to develop a 300-unit apartment community on…
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VISTA Candidates – Mary Kay Owen: Marketing, Public Relations, Project & Event Management
Editor’s Note: This is the first in a series of posts on qualified candidates seeking employment opportunities in their field. For more information on how…
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FROM MONTCO: Will LEGOLAND Breathe New Life Into Plymouth Meeting Mall?
Friday’s grand opening of the new LEGOLAND Discovery Center at Plymouth Meeting Mall was a hit with visitors who were eager to discover what this…
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PREIT Keeps Its Malls, Including Exton Square, on Cutting Edge
The owner of suburban Philly’s Willow Grove Park Mall and Exton Square Mall is redefining the mall experience for a new generation of shoppers. The…
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Exton Square Mall Proudly Introduces Amazon Lockers
Last week, PREIT proudly revealed an industry first by announcing it is offering Amazon Lockers at Exton Square Mall and 14 other of its East…
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Speculation Swells Around PREIT Takeover, Gallery Development Partner Favored by Analysts
Speculation about a corporate takeover continues to surround the Pennsylvania Real Estate Investment Trust as analysts call out likely bidders, and the one getting the…
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Exton Square Mall Owner PREIT is Stripped Down and Ready to Merge
The glass is crystal clean and the lights are on for corporate window shoppers interested in the Pennsylvania Real Estate Investment Trust empire. PREIT recently…
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PREIT Clears the Way for $30M Exton Square Mall Upgrade & Whole Foods Anchor
Exton Square Mall Owner Pennsylvania Real Estate Investment Trust is digging into a major project to transform the face of the Route 100 shopping center…
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