PHILADELPHIA-Pennsylvania Real Estate Investment Trust is selling five malls to pay down its debt. The firm has put the five retail properties on the market for sale.
The properties include the 1.16-million-square-foot Beaver Valley Mall in Monaca; the 454,423-square-foot Chambersburg Mall in Chambersburg; the 355,763-square-foot North Hanover mall in Hanover; the 1.1-million-square-foot Orlando Fashion Square in Florida; and the 577,138-square-foot Phillipsburg Mall in Phillipsburg, New Jersey. For the full story, go to Philadelphia Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.