News

The big sale item at King of Prussia mall is the mall itself, a shopping magnet whose owners expect sales to top $1 billion this year. Sydney-based Lend Lease Corp., a multi-national real estate investor and manager, has engaged Holliday Fenoglio Fowler L.P. to sell its 50 percent interest in the 2.6 million-square-foot King of Prussia Mall, in metro Philadelphia. Aug. 26 (Bloomberg) -- Lend Lease Corp., the Australian developer building London's 2012 Olympic Village, plans to sell its 50 percent interest in Pennsylvania's King of Prussia Mall.