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As It Works To Improve Financials, PREIT Sells Two Parcels for $14.2 Million

Retail Landlord Says It’s Paid Down $82 Million in Debt During First Half of Year
The Moorestown Mall in New Jersey will soon be home to 375 residential units. (CoStar)
The Moorestown Mall in New Jersey will soon be home to 375 residential units. (CoStar)
CoStar News
July 5, 2022 | 6:03 P.M.

As part of its continuing effort to pay down its debt, mall landlord Pennsylvania Real Estate Investment Trust has divested two parcels of land for $14.2 million.

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