Colliers reports that the new owner has reconceived the vacant box as a mix of large floor plate opportunities, new exterior facing small retail and/or restaurant tenants along with several new outparcels offering the potential to court statement restaurant operators to the mall complex.

In addition, flexible zoning allows for multiple uses that would encourage, fitness, entertainment, office and more. Colliers is marketing the building and pad sites either for purchase, ground lease or build to suit.

"We are excited to be an integral part of the redevelopment of this parcel. The 16 acres and the former Macy's box will certainly be the key to transforming one of the most strategically placed malls in the Tri-state area," says Sussman, senior managing director with Colliers Retail.

Brookfield purchased the entirety of the Neshaminy Mall, independent of Macy's, in 2018. There are some reports that Brookfield is planning to undertake redevelopment and implement substantial improvements for the property.

Current Neshaminy Mall retailers Boscov's and AMC anchor a mix of specialty shops that include Barnes & Noble, Hollister Co., H&M, Aéropostale, The Children's Place, Express and Victoria's Secret.