Moorestown Mall

Moorestown Mall

Location	Moorestown Township, New Jersey, United States
Opening date	1963[1]
Owner	Pennsylvania Real Estate Investment Trust
No. of stores and services	90+
No. of anchor tenants	4
Total retail floor area	1,059,405 square feet (98,421.9 m2)[1]
No. of floors	1 (2 in each department store)
Website	http://www.moorestown-mall.com

The Moorestown Mall is a shopping mall in Moorestown Township, New Jersey, owned by Pennsylvania Real Estate Investment Trust.Coordinates: 39°56′37″N 74°57′46″W / 39.9436°N 74.9629°W / 39.9436; -74.9629 Originally opened for business in 1963, Moorestown Mall underwent a partial renovation in 1986 and was totally renovated in 1993 and 1994 after a fire in the northeast quarter of the building.^[2]

Prior to Rouse Co.'s purchase of the mall in December 1997, The May Co. had committed to build an upscale Lord & Taylor store, with a new Strawbridge's as anchors to the mall. In addition a Guess store joined the mall, as an upscale retailer.

Nordstrom considered opening a store in South Jersey also, but they did not commit to the mall's expansion plans.

In an attempt to protect the Cherry Hill Mall, a mere 3 miles (4.8 km) away, the Rouse Co. acquired the Moorestown Mall. Pennsylvania Real Estate Investment Trust acquired the Cherry Hill Mall, Echelon Mall, Moorestown Mall, Exton Square, Plymouth Meeting Mall, and Gallery at Market East on March 7, 2003.

In 2011, Moorestown Township residents voted to allow liquor sales at the Moorestown Mall in order to increase revenues at the mall.^[3]

Redevelopment

The Moorestown Mall lies only 3 miles (4.8 km) away from the Cherry Hill Mall which is undergoing major expansions to accommodate high end stores, but the mall is now undergoing a renovation of its own. As of late, the mall has accumulated a couple of minor, although noticeable vacancies. That is expected to change, however, when the side of the mall facing Route 38 is expected to get a more "Village"-like appearance due to the addition of Eastern Mountain Sports along the exterior. Also, Chipotle Mexican Grill has accompanied the new renovation. A larger redevelopment is expected to be announced sometime in the future.

Activity on the northeast parking lot of the mall will yield a new Pei Wei Asian Diner, along with Potbelly Sandwich Works, opened in summer 2008.

Anchors

• Boscov's (203,000 sq ft.)
• Lord & Taylor (120,000 sq ft)
• Macy's (200,000 sq ft.)
• Sears (171,000 sq ft)

Minor anchors

• Black Diamond Mountain Sports
• United Artists Theatres

Former anchors

• Filene's Basement (later Pay/Half, now mall space)
• Gimbels (later Stern's)
• Ports of the World (now Boscov's)
• Stern's (later Ports of the World)
• Strawbridge's (now Macy's)
• Wanamaker's (later Hecht's and Strawbridge's; torn down for new Strawbridge's)
• Woolworth (later Vans Skate Park, and Foot Locker) Now Black Diamond Mountain Sports.
• RKO Stanley Warner's Plaza Moorestown Theatre (later REG United Artists Moorestown 7 Theatre)

References

1. ^ ^{a b} "Moorestown Mall Fact Sheet". PREIT. http://www.preit.com/download/leasing/detail/factsheet/10.pdf. Retrieved 2010-10-14. 
2. ^ The Rouse Co. acquires Moorestown Mall
3. ^ Hefler, Jan (November 9, 2011). "Moorestown repeals liquor ban". The Philadelphia Inquirer. http://articles.philly.com/2011-11-09/news/30378227_1_preit-liquor-sales-liquor-licenses. Retrieved November 19, 2011. 

External links

• Official website
• The Rouse Co. acquires Moorestown Mall
• Moorestown Mall description