Project Profile: Moorestown Mall

Location: Moorestown, N.J.

Size: 1,001,000 sq. ft.

Developer: PREIT

Major tenants: Lord & Taylor, Marc Vetri’s Osteria, Jose Garces’ Distrito, Firebirds Wood Fired Grill, Regal Premium Experience Theater, Rizzieri Salon & Spa, Francesca’s Collection (in lease negotiations) and a number of best-of-breed regional retailers

Status: Redevelopment to be completed in 2014

Moorestown Mall is currently in the first year of a strategic redevelopment designed to differentiate the property from nearby Cherry Hill Mall and create a South Jersey destination for high-end dining, entertainment and boutique shopping. Upon completion in 2014, Moorestown Mall will welcome upscale residents of the surrounding suburbs, where average home values are $420,000-plus. In addition, there is more than 13.3 million sq. ft. of office space within 5 miles of the mall, ensuring a large daytime population within the trade area.