Thursday, November 17, 2011

Simon Property to welcome Wegmans at Phila.-area mall

by Peter Van Allen
"Wegmans Food Markets will take over a vacant anchor position at suburban Philadelphia’s Montgomery Mall, the mall’s owner said Wednesday.

The store will be 140,000 square feet in what was once Boscov’s, Simon Property Group Inc. said.

It will be Wegmans’ first store in a Simon property and signals another shift in mall owners wanting to have more food offerings, including both supermarkets and fine dining.

On Tuesday, the owner of the Moorestown, N.J., Mall, Pennsylvania Real Estate Investment Trust, said it plans to add as many as four fine-dining establishments.

Montgomery Mall, in North Wales, Pa., is 1.15 million square feet; other anchors are Macy’s, JCPenney, Sears and Dick’s Sporting Goods. Boscov’s closed its department store there in October 2008 as part of its bankruptcy restructuring.

Simon Property Group of Indianapolis is the majority owner of the King of Prussia Mall."

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.