HQ Function

Serves as the central hub for all corporate functions, including executive leadership, strategic planning, financial management, leasing, property development, and portfolio oversight.

Notable Features:

Located in One Commerce Square, a prominent Class A office skyscraper in Center City Philadelphia, known for its modern architecture and convenient access to city amenities.

Work Culture:

The work culture at PREIT's headquarters is professional and dynamic, characteristic of the real estate investment and management industry. Post-restructuring, there is a strong focus on operational efficiency, innovation in retail property management, and financial stability.

HQ Significance:

The Philadelphia headquarters is crucial for PREIT as it centralizes decision-making for its portfolio of properties. Its location in a major financial and commercial city facilitates business development, talent acquisition, and stakeholder engagement.

Values Reflected in HQ: The choice of a prime downtown Philadelphia location reflects PREIT's historical standing in the commercial real estate sector and its commitment to maintaining a significant presence in a key East Coast market.

Location:

PREIT's operations and property portfolio are concentrated within the United States, primarily along the East Coast. The company focuses on owning, managing, and developing retail and mixed-use properties in densely populated and strategically advantageous U.S. markets. It does not have a significant international operational presence; its 'global' context refers to its reach within its defined U.S. operational theatre.

Street Address:

One Commerce Square, 2005 Market Street, Suite 1000

City:

Philadelphia

State/Province:

PA

Country:

USA