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PREIT Completes Sale of Springfield Park in Springfield, PA

SPRINGFIELD, PA—As part of its ongoing portfolio repositioning, Pennsylvania Real Estate Investment Trust has sold its 50 percent interest in Springfield Park, an open air center located in Springfield, PA, for $20.2 million.

By Steve Lubetkin | Updated on July 08, 2015

SPRINGFIELD, PA—As part of its ongoing portfolio repositioning, Pennsylvania Real Estate Investment Trust has sold its 50 percent interest in Springfield Park, an open air center located in Springfield, PA, for $20.2 million.

The sale continues a PREIT program aimed at repositioning its investments into a portfolio of high-quality enclosed malls. The program has raised $440 million in gross proceeds so far, PREIT says.

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