Wednesday, July 16, 2014

PREIT Signs On New Tenants at Moorestown Mall

by Jon Jordan

Philadelphia-based Pennsylvania Real Estate Investment Trust reports the addition of local, upscale boutiques and a fourth premier restaurant to its tenant roster at the Moorestown Mall here.
Erdon and Zeyzani, as well as the area's firstOrangetheory Fitness, are expected to be operating in their new locations by the end of the year, company officials say. The new shops and the fitness studio will be a part of the mall's new "Boutique Row," a segment of high-end, luxury retailers geared toward the fashion-forward, affluent shopper. Zeyzani, a Mediterranean accessories and footwear retailer, will be relocating from nearby Haddonfield, NJ to the Moorestown Mall located at 400 Route 38.
The mall owner also says it signed a lease with local restaurateur Dave Magrogan to open a 7,200-square-foot Harvest Seasonal Grill & Wine Bar at the Moorestown Mall by the end of the year. Harvest will be located next to Marc Vetri's Osteria, Jose Garces' recently opened Distrito, and in close proximity to the new Rizzieri Salon & Spa. The restaurant will include 220 seats in the dining room, 50 seats at the bar, 30 seats on an outdoor patio, a 46-seat private dining room and two chef's tables.
"With the introduction of Boutique Row, Moorestown Mall will offer customers an unparalleled combination of luxury, variety and convenience," says Joseph F. Coradino, CEO of PREIT. "I am thrilled that PREIT has been able to bring South Jersey residents celebrity chef-owned restaurants, an award-winning spa and salon, upscale specialty boutiques and a highly acclaimed fitness studio. These new tenants underscore our successful transformation of the Moorestown Mall into an all-inclusive, desirable location. We continue to execute on our commitment to redefine the traditional shopping experience to the benefit of our loyal customers."
The Moorestown Mall, originally built in 1963, totals a little more than 1 million square feet. PREIT owns and operates more than 30 million square feet of space in properties in 12 states in the eastern half of the United States mainly concentrated in the Mid-Atlantic and Greater Philadelphia markets.

No comments:

Post a Comment

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