4 Trends Driving the Future of Retail
There’s a new generation of malls coming - Read PREIT CEO Joe Coradino’s take on the trends driving these changes.
Joseph F. Coradino on the new tenant mix
Retail centers are evolving from shopping destinations into social destinations.
PREIT Reports Third Quarter 2018 Results
Opened four tenants in three former department stores Core mall total leased space reached 95.2%, up 90 basis points sequentially Non-anchor new leasing activity more than doubled over Q3 2017 volume NOI-weighted sales per square foot approach $510 Average renewal spreads of 6.9% register sequential improvement Philadelphia, PA, October 30, 2018 – PREIT (NYSE:…
PREIT Executes New Leases with New-to-Portfolio Tenant Love Culture
Fashion retailer set to open at four properties, further diversifying their mix of offerings and bringing new, in-demand concepts to PREIT’s portfolio Philadelphia, PA, October 2, 2018 – PREIT (NYSE: PEI) today announced a series of transactions with Love Culture, a new-to-portfolio fashion retailer, at four of its properties. The Company has executed flexible…
PREIT Delivers New Tenants to Cherry Hill Mall as Retail Evolution Continues
New-to-region and first-to-portfolio tenants, Peloton, Ardene and Fatburger, join the roster – highlighting the continued attraction of flagship Philadelphia-area asset Philadelphia, September 18, 2018 – PREIT (NYSE: PEI) today unveiled a lineup of new tenants for Cherry Hill Mall, a premier fashion and dining destination in the Philadelphia region, continuing to stay ahead of consumer…
PREIT's Coradino Sees Experiential, Entertainment Helping Malls Cope With Consumer Change
It's not a cookie cutter PREIT's Joseph F. Coradino says. The answer tends to be market driven.