Burlington the latest Sears replacement for PREIT

Burlington has been announced as the replacement for Sears at PREIT’s Magnolia Mall in Florence, South Carolina. Earlier this month, Dick’s Sporting Goods and Von Maur were introduced as new tenants of Sears spaces that had been recaptured by the Philadelphia-based developer.



In the case of Magnolia Mall, Burlington represents a first-to-market retailer for the region. Located off I-95, Florence is a popular stop for Florida bound tourists and the mall is surrounded by nearly a dozen hotels offering up in excess of 1,000 rooms. Current anchors include Belk, J.C. Penney, Dick’s Sporting Goods, and Best Buy.



"With consumer demand for off-price retail continuing to grow, Burlington will complement Magnolia Mall's merchandise mix,” said PREIT CEO Joseph Coradino.



PREIT’s other Sears recaptures occurred at Capital City Mall in Camp Hill, Pennsylvania, and Woodland Mall in Grand Rapids, Michigan.

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