Wednesday, December 30, 2015

Dick's Leases 50,000 SF at Cumberland Mall

Dick's Sporting Goods has leased 50,000 square feet at the Cumberland Mall in Vineland, NJ.

The 1.27 million-square-foot super regional enclosed mall was built in 1973 on 110 acres in the Southern New Jersey submarket of Cumberland County, between the Atlantic City and Philadelphia International Airports. Dick's will fill the recently-vacated J.C. Penney anchor space at the mall, which is home to 90 retailers including Boscov's, Burlington Coat Factory, Marshalls, ULTA and Regal Cinemas.

"The addition of Dick's Sporting Goods will improve the merchandise mix and solidify the tenant roster at Cumberland Mall," said Joseph F. Coradino, CEO, PREIT, noting that the transaction demonstrates the firm's continued success in replacing anchors with in-demand retailers. "This transaction cements Cumberland Mall's position as a dominant retail hub in the area and adds to its appeal catering to a wide variety of consumers."

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