PREIT, the owner of the Plymouth Meeting Mall, has put up for sale the portion of the building that is home to Whole Foods Market according to an article in the Philadelphia Business Journal.
The Plymouth Meeting Whole Foods is being marketed as part of a capital-raising initiative PREIT is undertaking, said Heather Crowell, spokeswoman at PREIT. The company identified $120 million in asset sales that it anticipates could close by the middle of 2022 and the Whole Foods was one of them.
The grocery store at 500 W. Germantown Pike totals 65,000 square feet and opened in 2010 and has several renewal options.
In 2021, PREIT sought approval for an apartment community on a portion of the mall property that was previously home to IKEA’s corporate headquarters. Plymouth Township’s zoning hearing board denied that effort and the decision is currently being appealed.
You can find the entire article here.