PREIT exploring sale of Plymouth Meeting Mall

In a May 4th article, The Philadelphia Business Journal reported that PREIT considering selling the Plymouth Meeting Mall. From the article:

During PREIT’s first quarter earnings call Thursday, CFO Mario Ventresca specified Exton Square Mall and Plymouth Meeting Mall as properties that could be sold.

“We have continued to evaluate opportunities for asset sales, including Exton Square and Plymouth Meeting Mall as well as our outparcels,” Ventresca said. “However, we are not prepared to disclose details at this time.”

One interesting tidbit, the mall is 917,844 square feet and 89% occupied according to the article. You can read the full article here.