The 1.3 million-square-foot Cherry Hill Mall is set to welcome six new tenants in the next year, reinforcing its status as the “crown jewel” of PREIT’s South Jersey portfolio. Philadelphia-based PREIT emerged from Chapter 11 bankruptcy protection in April, transitioning from a public company to a private entity under new leadership. These new leases at… Read more »
Digital-native brand Warby Parker set up shop at the Cherry Hill Mall in April, expanding the mix of retail tenants at real estate investment trust PREIT’s flagship property. Now, the shopping center is announcing four new options, including two first-to-portfolio leases for the Philadelphia-based firm. Fashion offerings Psycho Bunny and Levi’s make their PREIT debut, with the former expected… Read more »
CHERRY HILL – Warby Parker Inc., a fast-growing eyewear retailer trying to see its way to profitability, has opened its first store in South Jersey. The Cherry Hill Mall site is one of 40 new shops planned this year, according to the New York-based firm. “The location will offer eye exams and carry our full sun… Read more »
The owner of three South Jersey malls has reported a multi-million-dollar loss for a fourth year running. But Philadelphia-based PREIT said last year’s deficit narrowed to $160.1 million, compared to a $286.8 million net loss attributable to shareholders in 2020. And company executives, while acknowledging the need to reduce debt through property sales, pointed to Cherry… Read more »
CHERRY HILL – A seafood restaurant and a women’s apparel chain from Germany are coming to Cherry Hill Mall, the shopping center’s owner has announced. Eddie V’s, one of several chains operated by Darden Restaurants Inc., is expected to open at the mall this fall, according to Philadelphia-based PREIT. The apparel chain, Marc Cain, is… Read more »
