PREIT is continuing its transformation of Cherry Hill Mall with several new tenant additions. As a result, the property’s retail and dining mix is being further strengthened. Four new tenants have been introduced at the 1.3 million-square-foot shopping center. Among them, Coach has expanded the mall’s luxury fashion offerings. Meanwhile, OFFLINE by Aerie has added… 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 »
