PREIT Sells Retail Property Leased to Whole Foods in Metro Philadelphia for $27M

by Taylor Williams

PLYMOUTH MEETING, PA. — Pennsylvania Real Estate Investment Trust (PREIT) has sold a 65,155-square-foot retail property leased to Whole Foods Market in Plymouth Meeting, a northwestern suburb of Philadelphia, for $27 million. The store, which is located within Plymouth Meeting Mall, features a taco truck, rooftop patio, onsite pub and private event/meeting space. Jim Galbally, Chris Munley and Colin Behr of JLL represented PREIT in the transaction. The buyer was an undisclosed institutional investment firm.

You may also like