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PREIT strategy brings new retailers to Virginia mall
Philadelphia — Pennsylvania Real Estate Investment Trust has executed leases with Retail Group of America to bring three international brands F&F, Flormar and SuiteBlanco to the Patrick Henry Mall in Newport News, Virginia. The transactions illustrate PREIT’s strategy for improving portfolio performance by seeking out emerging, first-to-market options.
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Bass Pro Shops to open 145,000-sq.-ft. store in upstate New York
Victor, N.Y. -- Bass Pro Shops announced plans for a new Bass Pro Shops Outdoor World in Victor, New York, which is part of the Rochester metro area. The 145,000-sq.-ft. store will be the primary anchor for Fishers Ridge, a 96-acre mixed-use development. The store has a tentative opening date of 2016.
This will be the company’s third store in New York, as it currently operates stores in Auburn and Utica. This will be the first large-format store in the Empire State.