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Real Estate Investment Trust - Retail Companies
New Retailers Joining PREIT Malls
August 13th, 2011
Leasing activity has been brisk throughout spring and summer 2011 at shopping centers owned and managed by Pennsylvania Real Estate Investment Trust (PREIT/NYSE:PEI) Nearly half a million square feet of leasable space was signed or opened across its mall portfolio since the end of April.
Key transactions include the reconfiguration of space formerly occupied by Strawbridge's at Willow Grove Park in Willow Grove, Pennsylvania, to include executed leases with jcpenney, Nordstrom Rack, Bravo Cucina Italiana and Forever 21. The combined transactions solidify PREIT's fashion-oriented merchandising strategy for the successful suburban Philadelphia shopping...
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Source: Entertainment and Travel (2011-08-13)