Overview
- PREIT confirmed a pending sale of the largely vacant Plymouth Meeting Mall to LA Partners, formerly known as Lubert-Adler.
- LA Partners says it expects to close in January and to invest more than $100 million in a redevelopment.
- Early concepts under evaluation include roughly 700,000 square feet of indoor and outdoor sports fields, a community pool, an ice rink, and new residences.
- The sale price was not disclosed, the property includes parcels owned by others such as Keystone Investment + Development, and final plans will require local approvals.
- PREIT recently sold Exton Square Mall to Abrams Realty & Development, a project now facing municipal pushback that underscores potential approval risks for Plymouth Meeting.