SCRANTON, PA—DICK'S Sporting Goods and Field & Stream will create a dual store format in PREIT's Viewmont Mall in Scranton, PA, replacing the existing Sears at the property in 90,000 square feet of space. Sears will close this July, with DICK's Sporting Goods and Field & Stream scheduled to open for business for the 2017 holiday shopping season.
Over the past several years, Viewmont Mall has been a main focus in PREIT's strategy to upgrade the quality of its tenant mix within its portfolio. Viewmont's remerchandising, which include the recent addition of national tenants Ulta, Buffalo Wild Wings, Forever 21 and Yankee Candle, set the stage for the second phase of redevelopment that will include the two stores.
PREIT pointed to the addition of DICK'S Sporting Goods and Field & Stream as evidence of the real estate investment trust's ability to proactively replace vacant anchors.
Continue Reading for Free
Register and gain access to:
- 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
© 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.