Pennsylvania Real Estate Investment Trust

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  • Deals Boost PREIT’s Makeover

    Last week’s announcement by Pennsylvania Real Estate Investment Trust that it would be selling three malls was just the latest deal in the REIT’s ongoing repositioning.

    South 03 August 2015 13:59
  • PREIT Buys Springfield Town Center for $465M

    Pennsylvania Real Estate Investment Trust has finally completed its planned acquisition of the Springfield Town Center in Springfield, Virginia. The newly-redeveloped property changed hands for an impressive $465 million. Vornado Realty Trust was the seller.

    Washington Dc 09 April 2015 04:31
  • Springfield Town Center Finally Open for Business

    After two years of renovations, the former Springfield Mall is again ready to receive shoppers. The large retail property re-opened on October 17, with a new design and a new name: Springfield Town Center.

    Washington Dc 24 October 2014 03:46
  • PREIT, Macerich $107 Million Investment to Redevelop The Gallery

    The Gallery at Market East, one of Philadelphia’s largest urban malls that is located in the heart of the city, is about to get a major makeover. Pennsylvania Real Estate Investment Trust (PREIT), which owns the 1.4 million-square-foot property, announced this week a joint venture with Macerich to revamp the bleak mall into the city’s only multi-use property that will offer accessible luxury retailing in the Center City area.

    Philadelphia 30 July 2014 19:00
  • PREIT to Purchase Springfield Town Center for $465M

    A large, D.C. area retail property is getting ready to welcome new owners. Pennsylvania Real Estate Investment Trust (PREIT) has announced on March 3, it has entered into an agreement with Vornado Realty Trust to buy the Springfield Town Center in Springfield, Va. The price of the transaction is huge, $465 million.

    Washington Dc 10 March 2014 19:44
  • May – Briefs/People

    Coradino Named CEO of PREIT; MacEachron Joins Rockefeller; Sabatier Named President of Destination Hotels & Resorts; Voit Hires Mark Read; C&W Appoints New EMEA CEO; Richard Putnam Joins Colliers; Grosvenor Names Walters Managing Director in Philly; First Washington Realty Names Joshua Brown EVP.

    National 08 May 2012 15:18