Image courtesy of HelpMe726
The mall was owned by PREIT, who operates Willow Grove Park
An Elkins Park developer may soon be the owner of a local mall, reportedly with the hopes of revitalizing.
According to a report in the Philadelphia Business Journal, by Paul Schwedelson, on Nov. 7, the Exton Square Mall is in the process of being sold. Abrams Realty and Development, based in Elkins Park, is already in the process of acquiring Exton Square Mall.
The article states that Abbrams aims to demolish portions of the mall, but also add residential units amongst other uses for the space. The mall is currently owned by PREIT, which also operates the Cherry Hill Mall and the Willow Grove Park.
According to the Journal piece, the one million square-foot mall was only 62 percent occupied as of last spring. To read the full article, visit the Philadelphia Business Journal site at https://www.bizjournals.com/philadelphia/news/2024/11/07/exton-square-mall-under-contract-sale-preit-abrams.html.
