PREIT Adds JC Penney, Nordstrom Rack at Willow Grove Park
Posted July 27, 2011
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JC Penney, Nordstrom Rack, Bravo Cucina Italiana and Forever 21 will join The Cheesecake Factory in 190,000 square feet of anchor space formerly occupied by Strawbridge's at Pennsylvania Real Estate Investment Trust's (NYSE:PEI - PREIT) Willow Grove Park in suburban Philadelphia.
A JC Penney department store will occupy 114,000 square feet on the first and second levels of the mall. The store is expected to open in fall 2012.
Nordstrom Rack, the off-price division of Nordstrom, Inc., will occupy 41,000 square feet on the mall's third level, adjacent to The Cheesecake Factory. When it opens in spring 2012, the Willow Grove Park store will be the third Nordstrom Rack in the Philadelphia metro.
Bravo Cucina Italiana, an upscale, affordable restaurant, will locate on the third level in 7,500 square feet and is scheduled to open in fall 2011. Rounding out the balance of the space is a two-level Forever 21, relocating from its current store to an expanded 17,000 square feet.
Willow Grove Park is a three-level, 1.2 million square foot regional shopping mall, located north of Philadelphia in eastern Montgomery County. Anchored by Bloomingdale's, Macy's, Sears, and The Cheesecake Factory, Willow Grove Park has over 130 stores. The Center is defined by its Carousel ride attraction and Victorian-inspired décor, recognition that it was developed on the site of a famed amusement park.
In addition to the anchors, the new retailers join retailers including Abercrombie & Fitch, Banana Republic, bebe, Coach, H&M, J. Crew, Jos. A. Bank, Lucky Brand Jeans, Sephora, White House/Black Market and Williams-Sonoma.
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