MOORESTOWN, NJ—PREIT has added 40,000 square feet of new leases for the Moorestown Mallin this Burlington County, NJ, suburb of Philadelphia, as part of a redevelopment that PREIT CEO Joseph Coradino calls a successful effort to "unlock the mall's value while giving shoppers an enhanced shopping experience."
An extensive remerchandising of the property has been underway since 2012. The company also marked the completion of the planned overhaul of the Dining Court, redesigned to offer an upgraded environment and amenities.
"I'm pleased to mark these accomplishments and to see the continued evolution of Moorestown Mall," says PREIT CEO Joseph F. Coradino. "This project is yet another example of PREIT's success in improving the quality of our portfolio and strengthening asset value through targeted property-level remerchandising strategies."
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