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PREIT secures tenants to replace Macy's at Moorestown Mall

Moorestown Mall, which lost its anchor department store Macy’s earlier this year, plans to replace it with two value retailers in 2018, according to mall owner Pennsylvania Real Estate Investment Trust (PREIT).

PREIT plans to release an official statement on the changes Wednesday, on the eve of its third quarter earnings call on Thursday.

The incoming retailers – one described as an off-price home furnishings store — will occupy 25,000 square feet of the former Macy’s space, and the second, an off-price outdoor gear retailer, will take up another 18,000 square feet.

Both are new to the Philadelphia market, according to PREIT.

Read more here:
http://www.philly.com/philly/busines...-20171101.html