CHERRY HILL MALL

Project Owner: PREIT



Company HQ: Philadelphia



Project Location: Cherry Hill, New Jersey



Project Size: 1.3 million sq. ft.



Project Status: Open and operating



Company Website: www.preit.com



Cherry Hill Mall is located eight miles from Philadelphia, and serves as the dominant shopping center in densely populated southern suburban New Jersey, with a mix of high-end tenants, such as Nordstrom, The Capital Grille, Seasons 52, Grand Luxe Café, Apple, Henri Bendel, LUSH, Michael Kors and more. In 2009, owner PREIT invested $220 million in a successful redevelopment that transformed the property into the region’s fashion and dining destination. Several first-to-portfolio, impact tenants have opened throughout the year including adidas, e.l.f. Studio, Lego, lululemon and Tumi.



PREIT is a publicly traded real estate investment trust specializing in the ownership and management of differentiated shopping malls. Headquartered in Philadelphia, the company owns and operates over 26 million sq. ft. of retail space in the eastern half of the United States with concentration in the Mid-Atlantic region’s top MSAs — Philadelphia and Washington, D.C. Since 2012, the company has driven a transformation guided by an emphasis on balance-sheet strength, high-quality merchandising and disciplined capital expenditures.