PREITPennsylvania Real Estate Investment Trust
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PREIT is headquartered in Philadelphia, Pennsylvania, and is publicly traded on the NYSE under the symbol PEI.
PREIT expects to close this financing in October 2005.
About PREIT PREIT is a real estate investment trust specializing in the ownership and management of differentiated retail shopping malls designed to fit the dynamic communities they serve.
Joseph Coradino has been with PREIT and a predecessor company for three decades, serving since 2004 as President of PREIT Services, LLC and PREIT-RUBIN, Inc.
PHILADELPHIA, June 24, 2015 /PRNewswire/ --PREIT (NYSE: PEI) announced this week the return of its popular PREIT South Jersey Restaurant Week, a consumer-driven experience that highlights the abundance of fine dining options available at the Company's three southern New Jersey properties.
Consumers continue to seek out the best deals, so PREIT incorporated multiple ways for shoppers to save whether they are looking for the gifts they need or shopping for themselves this season.
Beginning today, PREIT will offer franchisors the opportunity to advertise their brand's franchising opportunities at PREIT properties on our mall websites, with PREIT working with the franchisor and the potential franchisee to help streamline the search process.
f studio , lululemon athletica and Tumi this year and UNIQLO and Vera Bradley late last year, Cherry Hill Mall continues its tradition of attracting new tenants to the PREIT portfolio.
Today, PREIT boasts a premier portfolio, supported by a healthy and flexible balance sheet, strategically positioning the Company for long-term success and continued value creation.
Partnering with a globally recognized brand such as UNIQLO to expand its presence in the Philadelphia market validates and enhances PREIT's dominant position in the region," said PREIT CEO Joseph F.
PREIT previously sold the other parcels comprising this center and sold an adjacent Power Center, The Commons at Magnolia, in 2013.
Under the terms of the agreement, Safari will develop, finance and build the project, and PREIT will receive lease income and also benefit from reduced electricity costs.