The company that owns Valley View Mall is putting it up for sale. It’s one of two properties that the Preit Company is unloading, the other being Logan Valley Mall in Altoona, PA. Preit says it’s doing so to increase overall sales at it’s other properties and to raise much needed cash. Valley View is the eighth worst performing of PREIT’s 22 remaining malls on a sales-per-square-foot basis, according to its most recent quarterly financial disclosures. Selling the malls is expected to boost the Preit portfolio’s sales per square foot by $10, the company said Monday. I’ve got more details here.
So what do you think, will we see any major changes at Valley View if they sell it?