Meanwhile, the site of the mall's former Montgomery Ward store and a portion of the former food court are currently being demolished to make way for a new 65,300-sf Giant Food store that will face Trindle Road along with approximately 24,000 sf of new adjacent retail stores facing Route 15.
Port Washington, NY-based Cedar acquired the mall in November 2002 and is in the process of redeveloping it. Boscov's and Barnes & Noble, in addition to Giant Foods, are among the current tenants. Mount Laurel, NJ-based Metro Commercial is the leasing agent.
Regal Cinemas is the world's largest motion picture exhibitor and an affiliate of Regal Entertainment Group, which also includes United Artists, Edwards and Hoyts theaters among others. The company's cinemas cover 39 states and represent 17% of all screens in the US.
Cedar's investments are focused primarily in multi-tenant, supermarket-anchored shopping centers in Eastern Pennsylvania, Southern New Jersey and Connecticut.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
