Large section of Willow Grove Park mall for sale. What it means

A large section of the Willow Grove Park Mall is on the market.

Commercial real estate brokerage JLL is managing the listing and described the 724,728-square-foot portion of the mall as “incredibly productive” and “exceptionally located.”

The section that is up for sale is home to major retailers including Macy’s, Nordstrom Rack, Sephora, an Apple Store and more in addition to the Cheesecake Factory.

The buyer of the 62-acre section of the Montgomery County shopping center will take on debt from a recently matured $170 million loan and will take control of the property through a process known as a deed in lieu of foreclosure.

The entire 1,137,849-square-foot property is owned by PREIT and currently has an occupancy rate of 88.9%, according to the listing.

The mall was originally built in 1982 and renovated in 2001, the same year PREIT initially purchased the mall. The real estate company eventually gained full ownership of the property in 2003 as part of a larger merger with Crown American Realty Trust.

PREIT filed for bankruptcy twice in recent years and has sold several of its malls in the region. The company still owns 16 mall properties across 8 states including the Cherry Hill Mall and Moorestown Mall in South Jersey and Pennsylvania’s Plymouth Meeting Mall, the Springfield Mall and the Viewpoint Mall in Scranton.

Willow Grove Park Mall is not the first local shopping center to be listed for sale. Franklin Mall on the border of Bucks County and Philadelphia was listed for sale in 2025 and still does not have any buyers.