159 people follow this. Mall entertainment options include: Tilt Studio, Adventure Park children’s play area, an AMC movie theatre and more! Since 2012, the company has driven a transformation guided by an emphasis on portfolio quality and balance sheet strength driven by disciplined capital expenditures. A 17th low-productivity mall sold improves portfolio quality, growth profile and secures additional capital Philadelphia, PA, September 6, 2017 – PREIT (NYSE: PEI) today announced it has completed the sale of Logan Valley Mall in Altoona, PA for $33.2 million, net of credits issued to the buyer. Contact Logan Valley Mall on Messenger. This press release contains certain “forward-looking statements” within the meaning of the federal securities laws. A 17th low-productivity mall sold improves portfolio quality, growth profile and secures additional capital. We are intently focused on being in tune with the future of retailing by curating a portfolio that continues to lead the way with a new and diversified tenant mix leading to earnings growth and driving shareholder value. Not Now. View Trends; Stay In The Know Stay informed about Sales Events & Promotions. See more of Logan Valley Mall on Facebook. Log In. View More; Trends. Important factors that might cause future events, achievements or results to differ materially from those expressed or implied by PREIT's forward-looking statements include those discussed in its Annual Report on Form 10-K for the year ended December 31, 2015 in the section entitled "Item 1A. or. (215) 454-1241 Submit your email address to receive more information from PREIT, We use cookies to ensure you get the best experience on our website. Philadelphia, PA, September 6, 2017 – PREIT (NYSE: PEI) today announced it has completed the sale of Logan Valley Mall in Altoona, PA for $33.2 million, net of credits issued to the buyer. Logan Valley Mall is anchored by Macy's, JC Penney and Sears and generated sales of $324 per square foot compared to PREIT's portfolio average (excluding this property) of $475 per square foot as of June 30, 2016. Additional information is available at www.preit.com or on Twitter or LinkedIn. Shopping Mall in Altoona, Pennsylvania. Forward-looking statements relate to expectations, beliefs, projections, future plans, strategies, anticipated events, trends and other matters that are not historical facts. Please contact us to learn more about our company or properties. Recently Sold Homes in Altoona, PA have a median listing price of $119,000 and a price per square foot of $71. PREIT does not intend to update or revise any forward-looking statements to reflect new information, future events or otherwise. PREIT (NYSE:PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. SVP, Corporate Communications and Investor Relations Community See All. View Calendar. Logan Valley Mall View Directory. Open Now. Shop & Save. Forgot account? Logan Valley Mall. Forward Looking Statements This press release contains certain "forward-looking statements" within the meaning of the federal securities laws. Submit Mall Hours Mon–Wed 11AM – 8PM Thu CLOSED Fri 7AM – 10PM Sat 9AM – 9AM Sun 12PM – 5PM. View Directory; Events. A 17th low-productivity mall sold improves portfolio quality, growth profile and secures additional capital PHILADELPHIA, Sept. 6, 2017 /PRNewswire/ -- PREIT (NYSE: PEI) today announced it has completed the sale of Logan Valley Mall in Altoona, PA for $33.2 million, net of credits issued to the buyer. In 2017, the Carmike Cinema was re-branded AMC Classic following AMC's acquisition of the Carmike chain. Explore Our Stores View Directory. PREIT expects to close on the announced sale of its interest in the 801 Market Street office condominium later this month. Forward-looking statements relate to expectations, beliefs, projections, future plans, strategies, anticipated events, trends and other matters that are not historical facts. PREIT's robust portfolio of carefully curated retail and lifestyle offerings mixed with destination dining and entertainment experiences are located primarily in the eastern U.S. with concentrations in the mid-Atlantic's top MSAs. Since January 2013, the Company has executed methodically on the sale of 17 lower productivity malls as well as other non-core properties, generating over $750 million in gross proceeds. Logan Valley Mall is anchored by Macy’s, JCPenney and Sears and generated sales of $324 per square foot compared to PREIT’s portfolio average (excluding this property) of $475 per square foot as of June 30, 2017. These forward-looking statements reflect PREIT's current views about future events, achievements or results and are subject to risks, uncertainties and changes in circumstances that might cause future events, achievements or results to differ materially from those expressed or implied by the forward-looking statements. Federated proceeded to convert various May properties to Macy's, including the Logan Valley Mall store. PHILADELPHIA, Sept. 6, 2017 /PRNewswire/ -- PREIT (NYSE: PEI) today announced it has completed the sale of Logan Valley Mall in Altoona, PA for $33.2 million, net of credits issued to the buyer. Risk Factors.” PREIT does not intend to update or revise any forward-looking statements to reflect new information, future events or otherwise. Risk Factors." PREIT’s robust portfolio of carefully curated retail and lifestyle offerings mixed with destination dining and entertainment experiences are located primarily in the eastern U.S. with concentrations in the mid-Atlantic’s top MSAs.