Tenant Update

Michael’s has signed a lease for 25,000 sq. ft. at Moorestown Mall to complete the re-tenanting of the vacated Macy’s box at the New Jersey center.

National Realty & Development Corp. has announced the promotion of Nick Hrvatin to VP of leasing.

East Coast shopping center owner Katz Properties enters the new year with a new name: KPR.

As with most mature enclosed malls, 2017 was a tough year for the Ohio Valley Mall in St. Clairsville, an eastern Ohio town close by the Pennsylvania and West Virginia borders.

Under Armour and H&M opened the most mall stores from 2011 to 2016, while Sears and J.C. Penney closed the most.

Stephen Carrozza has been working for just five years at Metro Commercial, the Philadelphia-based brokerage with deep Northeastern roots, but a productive five years it’s been.

Brookfield Place, the upscale shopping center that opened in 2015 in Manhattan’s Financial District, is losing a premier tenant.

After 12 years directing retail leasing and development at J.S. Rosenfield, Josh Weisman has moved into a similar role at Caruso as VP of leasing.