Exton Square Mall Sale Paves the Way for Vibrant Town Center Transformation
PREIT and Abrams Realty today announced the transfer of Exton Square Mall for $34,250,000, marking a major milestone in the long-envisioned transformation of the site into a dynamic, mixed-use town center. The sale allows PREIT to advance its strategic focus on optimizing its portfolio while ensuring that the property reaches its full potential under Abrams Realty’s stewardship.
With a vision that aligns with West Whiteland Township’s long-term planning goals, Abrams Realty will lead the redevelopment of the underutilized mall into a walkable, community-centered hub. The project will introduce a carefully curated mix of residential, retail, dining, office, and entertainment spaces, creating a thriving economic and social anchor for Exton.
“The sale of Exton Square Mall reflects PREIT’s commitment to disciplined balance sheet management and liquidity generation and demonstrates our ability to unlock value in our portfolio while enabling properties to evolve in ways that best serve their communities,” said Jared Chupaila, CEO of PREIT. “We have laid the groundwork for a dynamic redevelopment, and with Abrams Realty’s local expertise, this site is now positioned to fulfill its full potential as a modern, multi-use destination.”
With this transition, Abrams Realty will lead the next phase of redevelopment, bringing to life a bold vision that will reshape the property into a thriving town center. Abrams Realty is focused on transforming the former mall into a walkable, community-centered hub that integrates residential, retail, dining, entertainment, and workplace environments. The plan will replace aging retail infrastructure with a vibrant town center that supports the community’s goals of fostering economic growth, job creation, and a strengthened tax base.
“It is an honor to work alongside West Whiteland Township and local residents and businesses to transform this property into a vibrant town center that will serve as a dynamic hub for the community and region,” said Peter Abrams, CEO of Abrams Realty. “This is not just a redevelopment—it’s the realization of a true town center, designed to enhance quality of life while delivering economic and social benefits to the community. Our approach will ensure a seamless blend of living, wellness, working, and gathering spaces, making Exton a model for forward-thinking town center transformations.”
PREIT is committed to strengthening its portfolio of high-performing assets through the addition of strong credit tenants, selective redevelopments, enhancing overall property value and ensuring long-term asset stability. The sale of Exton Square Mall represents a pivotal step in PREIT’s strategy to optimize its holdings while ensuring communities benefit from the evolution of their local retail and mixed-use environments.