Owner of Plymouth Meeting Mall exits bankruptcy as private company with new ownership and new CEO

The Philadelphia Business Journal published two articles about on April 1st about PREIT’s exit from Chapter 11 bankruptcy. PREIT, the owner of the Plymouth Meeting Mall and other malls in the region, has switched from a publicly traded company to one privately owned by its two lead investors. Joseph Coradino, who has served as PREIT’s CEO since 2012, has also resigned and replaced with Jared Chupaila, who was the lead for Brookfield Properties’ retail real estate business.

The first article details PREIT’s exit from bankruptcy. The second article provides details on Coradino’s exit.

Photo: PREIT