J-1. To learn more about PREITs restructuring plan you can read the article from The Philadelphia Inquirer by clicking here. Please enter valid email address to continue. PREIT Chairman and CEO Joseph Coradino said the company had executed an agreement of sale late Monday to sell the mall to a developer. The property is currently 50-percent occupied and records sales of $283 a square foot. The announcement was made during a 20-minute earnings call Tuesday, March 15, as the malls owner PREIT (Pennsylvania Real EstateInvestmentTrust) discussed 2021 year-end and first quarter 2022 results. Mall to join our team located at our Store 0808-Exton Square Mall-ANN-Exton, PA 19341. PREIT spokesperson Heather Crowell said Monday that the company had no more details to share regarding Exton Square . The closures are part of Macy's three-year plan to close one-fifth of its stores, or roughly 125 locations, which was first announced before the coronavirus pandemic in February 2020. Rating: 3.6/5 (26 rates) Make a Review. Defections have hurt. Judge Approves Exton Square Mall Owner's Bankruptcy Restructuring Plan By Ken Knickerbocker Published: 5:29 am EST December 2, 2020 Updated: 9:23 pm EDT July 19, 2021 The court approved restructuring plan allows PREIT to borrow an additional $130 million in loans. If you are the site owner (or you manage this site), please whitelist your IP or if you think this block is an error please open a support ticket and make sure to include the block details (displayed in the box below), so we can assist you in troubleshooting the issue. Can you put a single curtain panel on a window? If you continue to use this site we will assume that you are happy with it. No specifics were provided, in terms of sale price or who the buyer is. For more information, please see our Living in Exton offers residents a dense suburban feel and most residents rent their homes. Prepared to Thrive. Before we send you to , pleasesubscribe to our daily newsletter. Some are going bankrupt and closing stores, such as J.C. Penney and California Pizza Kitchen . Among the apartments under consideration, PREIT has proposed an 11-story 503-unit complex for the Plymouth Meeting Mall near roads that carry 92 million vehicles a year. A lot of tenants are not stores but local organizations and healthcare. - - Exton Sq. Two mall operators filed for bankruptcy protection Monday, hurt by the ripple effect of thecoronavirus pandemicwhich has forced many of its mall tenants to permanently close stores or not pay rent. Indonesia . Some are going bankrupt and closing stores, such as J.C. Penney and California Pizza Kitchen. PREIT is a big-time proponent of that trend. I was shocked at what I saw as opposed to what I thought Id see, he said in a phone interview. Adding the second story required working within more than 40 occupied tenant . But those establishments have been hit harder by the pandemic and have stricter social distancing rules on how many people can visit. 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Why is Exton mall closing? While the sale of the mall . It is expected that the sale will close within the following 90 days. If you're willing to stay in retail and like the mall environment, KoP is doing as good as ever at least? And while Chester County has the highest median family income in Pennsylvania, Exton Square Mall with 990,000 square feet of retail space competes with one of the biggest malls in the nation, King of Prussia, and Wolfson Groups Main Street Exton shopping-and-apartment center, which opened in 2001. 2022-03-20 - By Donna Rovins drovins@pottsmerc.com. PREIT, based in Philadelphia, has more than 20 properties, including Cherry Hill Mall in Cherry Hill, New Jersey, and Viewmont Mall in Scranton, Pennsylvania. One of them is the one-million-square-foot Exton Mall. Reddit and its partners use cookies and similar technologies to provide you with a better experience. This portal has started its operations with the commitment of fearless, investigative, informative and neutral journalism. Lora Lehmann, an Abington resident who has reservations about the plan and has posted her concerns online, said that she would like to see the Willow Grove Mall thrive. News provided by The Associated Press. When PREIT came back to West Whiteland Township with a second plan for apartments, the township tapped the brakes. 45 x 90 4,050. Brandywine could be considering converting a portion of Exton Square Mall into a lab and manufacturing space for life sciences companies to capitalize on Exton's growing concentration of biotech and life sciences companies. E-4. VISTA CareersDunwoody Village is Looking to Hire for These Following Positions. Before we send you to , pleasesubscribe to our daily newsletter. As of June 15, at least 103 Banana Republic stores have been shut down since the beginning of 2020, according to data from Gap. The mall bankruptcies come weeks before a crucial holiday shopping season. Copyright 2023 American Community Journals, LLC |. What is the pre employment test for Canada Post? Exton has an overall crime rate of 10 per 1,000 residents, making the crime rate here near the average for all cities and towns of all sizes in America. It's a complicated two floor structure with four anchors, of which the former Sears and top floor of the former JCPenney's is vacant. Exton Square 260 Exton Square Exton, PA 19341 (610) 363-7034. Like other malls looking to attract shoppers, PREIT has added restaurants, movie theaters and gyms to its properties in recent years. Mall tenants, which operators rely on for rent, have been stressed this year. Those standards require common stock to maintain a minimum average closing price of $1.00 per share over a consecutive 30-trading day period. The company is working to return to compliance with the New York Stock Exchange, which said in February PREIT was in danger of being delisted. Dedicated free parking spots for patients with special needs and a drop off lane provide convenient access for our patients. Exton. EXTON, PA Sears Holdings will be closing more than 100 stores in the new year, the company announced Thursday. One of them is the one-million-square-foot Exton Mall. Existing anchors include Boscov's, Macy's, and Round1. The firm disclosed last month that it is selling the mall for $27.5 million. Main Line Health Exton Square 154 Exton Square Parkway Exton, Pennsylvania 19341 PREIT received formal notice on Feb. 4 that it was non-compliant with the stock exchanges continued listing standards. The Pennsylvania Real Estate Investment Trust (PREIT) is planning to sell Exton Square Mall as it tries to raise funds to pay down its debt and avoid being delisted from the NYSE, writes Natalie Kostelni for the Philadelphia Business Journal. There are plans for redevelopment within the next 5 years. Market data provided by ICE Data Services. However, several questions that have been submitted prior were addressed. It looked like they were selling off pieces of the property to make money and stay afloat, Rajesh Kumbhardare, the chairman of the townships board of supervisors, said. Phone number: (610) 277-8899. There were no questions taken from analysts during the call. He spoke with The Inquirer in the food court, which had only two open restaurants. It is expected that the sale will close within the following 90 days. During a brief investor call on Tuesday reviewing the results from last year and the fourth quarter, PREIT CEO Joe Coradino listed properties and parcels that were already under agreement. Its first phase of apartments comprises 2,200 units under contract, the company said. Investigators are looking for three people accused of stealing roughly . The Gallery at East Market/Owners. V & A Bridal Salon. The original list Read. 15 x 95 1,470. Copyright 2023 American Community Journals, LLC |. The four store closures will be in Rego Park; NY, Valley Stream, NY; Lenexa, KS; and Houma, LA. The company has until Aug. 4 to resolve the issue. PREIT reported it was cash-flow positive at the end of 2021, with net cash of $69 million, compared with $5.9 million at the end of 2020. Opens at 9am. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Get browser notifications for breaking news, live events, and exclusive reporting. The company reported a net loss of $34.5 million in the fourth quarter of 2021 or 43-cents per share. https://discord.gg/g4tKbpu, Press J to jump to the feed. There hasnt really been a lot of public meetings where they have presented the idea, Manero said. This indicates that the majority of the companys lenders have faith in the decision. Share Close. Some smaller shops may close earlier, sometime between 6 and 9. Share your opinion with users and insert mall rating and reviews for Main Street at Exton. Im surprised zumiez still does as well as they do in most malls tbh. Brandywine Realty Trust is set to buy the Exton Square Mall from PREIT for $27.5 million, according to U.S. Securities and Exchange Commission documents. This 450,000 square foot expansion and renovation program included an extremely complex "overbuild" covering more than 50% of the center, as well as a renovation of the entire complex. montco.today/2022/03/preit-sell-exton-square-mall/, Mozilla/5.0 (iPhone; CPU iPhone OS 14_6 like Mac OS X) AppleWebKit/605.1.15 (KHTML, like Gecko) Version/14.1.1 Mobile/15E148 Safari/604.1. ICE Limitations. Sad, my mall lost these stores a while ago except zumiez which is still open. Day of the Week. Architectonically, the shopping center impresses visitors with its gigantic curved glass faade. Nala Indian and Thai. Still, PREIT executives point to recent positive signals: Through February, foot traffic jumped 14% over 2021 in its core malls. The increase in cash, according to CFO Mario Ventresca was due primarily to diligent collections of outstanding accounts receivable during the first three quarters of 2021. Freddie Mac, the giant mortgage buyer, last year put the national housing shortage at almost 4 million units, triggered by the construction decline after the 2008 Great Recession and extending through the pandemic. LOFT. The court approved restructuring plan allows PREIT to borrow an additional $130 million in loans. Listen to article. 2. That is especially important for the longevity of some of PREITs stronger properties, such as Cherry Hill Mall, and the Plymouth Meeting Mall. Our new Privacy Policy will go into effect on January 1st, 2023. Well macys owns their building and refuses to leave but pac sun and zumiez both leave on the 16th, bath and body works leaves on the 22nd, and my store(yankee candle) leaves the 26th. This sale will allow the builder to fulfill that destiny.. This is a mall that has fallen on hard times the last few years. Copyright 2023 CBS Interactive Inc. All rights reserved. Exton Square Mall, Chester County. The closures, first reported by CNBC on Tuesday, are part of a previously announced plan by Macy's to shut 125 locations by 2023, which the retailer outlined last February. Exton Square mall being sold to a developer, TriCounty Area Chamber hosting former Olympian at annual dinner, How to beat inflation: Buy what you know and what you eat, Fraser Advanced Information Systems names new president, Feeling Lucky With Accel Entertainment (ACEL), Enhanced Teledyne FLIR Prism AI Software Model, Luxfers (LXFR) 2023 Forecast Belies The Strong Growth That Lies Farther Ahead, QVC, Chester Countys third largest employer, cutting 400 jobs, Frank Lloyd Wrights only oceanfront home sells for $22 million in Carmel, Augmentir Adds Skills Intelligence to Worker Suite. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Parking is not an issue with two large garages and surface spaces. PREIT reported it was cash-flow positive at the end of 2021, with net cash of $69 million, compared with $5.9 million at the end of 2020. Exton, PA 19341. Exton Square Mall, Chester County. One of them is the one-million-square-foot Exton Mall. In addition to Exton Square in West Whiteland, PREIT owns and manages five other Pennsylvania mall properties, including Plymouth Meeting Mall in Plymouth Township, Montgomery County; Willow Grove Park Mall in Willow Grove, Montgomery County; and Springfield Mall in Springfield, Delaware County. The Exton Square Mall. Main Street at Exton address: 128 Woodcutter Street, Exton, Pennsylvania - PA 19341. Towns with PREIT malls face proposals for thousands of apartments as the company pivots into real estate. Mall. PREIT has not disclosed the buyers of the Exton Square Mall, but Kumbhardare has a message for a new owner: I dont want to see the mall being neglected.. Popular restaurant types near me. Shops & Services. Jan. 6, 2022 4:43 pm ET. Hi yet again. Apr 25, 2022. He added that PREIT has not received the level of acceptance in Plymouth Meeting as it has in other locations. The company expects to close on the sale within 90 days. As a result, PREITs core mall tenancy stands at 93%. CBL, which operates 107 malls, said more than 30 of its tenants have filed for bankruptcy protection this year and are shutting stores, including woman's clothing retailer Ascena, which has 100 Ann Taylor, LOFT and other stores in CBL malls. Canada. And while Chester County has the highest median family income in Pennsylvania, Exton Square Mall with 990,000 square feet of retail space competes with one of the biggest malls in the nation, King of Prussia, and Wolfson Group's Main Street Exton shopping-and-apartment center, which opened in 2001. The company reported a net loss of $34.5 million in the fourth quarter of 2021 or 43-cents per share. Road to Recovery. An Inquirer reporter since 1993, I report stories with an emphasis on enterprise, corporations, college debt, and features with a money angle. PREIT means Pennsylvania Real Estate Investment Trust. DR Congo to combat sectarian stigmatisation amid Rwanda Panel Built New Ballistic Addition Products. In 2021 the company executed transactions for nearly three times as much space as 2019 nearly 500,000 square feet. We are hopeful that the municipality will understand that the strongest path forward is a multiuse community hub, a company spokesperson said. Closed - Opens at 10:00 AM. Attributes Retail & Restaurant , Commercial , Pennsylvania. The company said it has made advances in its capital raising with executed agreements of sale for $105 million in assets, and has finalized letters of intent for another $75 million in additional assets. The. Fugitive in $18 million COVID fraud scheme extradited to U.S. Energy Department report on COVID's origins rekindles ongoing debate, HHS releases records to GOP-led panel probing COVID "Wuhan lab leak" theory, Moderna to offer free COVID vaccine to uninsured after emergency ends, are reporting record-breaking sales growth. Maribella Pizza. The land sales connected to them are expected within a year. The township officials also noticed a decline in retail tenants. Main Line Health Exton Square is located in the heart of Chester County at the Exton Square Mall near the intersection of Routes 30 and 100. Add plexiglass to your cash wrap. PREIT also cautions that 40% of its non-anchor leases either expire this year or next or are in holdover status, and the company could face lower rental revenue if it cant renew those leases or find new tenants. Kumbhardare walked the mall recently and only half the mall was lit. They have since opened 3 other locations in the area. Anthony Ernewein, 39, who works in logistics in Buffalo, N.Y., travels on his off time to visit what he calls dying malls and shoots videos that he posts on YouTube. The mall houses about 100 shops and . In Chester County, PREITs Exton Square Mall opened in the 1970s and was renovated in 2000. But he adds that I want [Exton Square] to be successful. An attorney representing PREIT, Richard A. Chesley, articulated that unity, saying, This result, in the midst of the Christmas holiday shopping season, is a testament to all parties extraordinary efforts to reach a consensual restructure.. Open Menu Close Menu. Buddys Burgers. March 16, 2022 | 12:25 P.M. Pennsylvania Real Estate Investment Trust said it has found a buyer for its nearly 1 million-square-foot Exton Square Mall in Exton, Pennsylvania. In addition to the extra funds this plan makes available to PREIT, it also paves the way for their plan to sell off some of their properties that have fallen into disuse including Exton Square Mall. Read more about the sale in the Philadelphia Business Journal. PREIT received formal notice on Feb. 4 that it was non-compliant with the stock exchanges continued listing standards. We have a pretty impressive portfolio, Coradino maintained. PREIT has not given a time frame for the second phase. This sale will allow the builder to fulfill that destiny.. But PREIT faces epic challenges as it seeks zoning approvals in suburban municipalities where officials are concerned about sewer capacity, traffic, population density, burdens on local schools, and the broader vision for the properties. Based in Tennessee, CBL operates malls across the nation including EastGate Mall in Cincinnati and West County Center in St. Louis. The property is currently 50-percent occupied and records sales of $283 a square foot. Turns out 5 stores including mine are closing this month. No specifics were provided, in terms of sale price or who the buyer is. Kaufhof department store are open till 9pm Saturdays. Two anchor stores are closed, one is a bowling alley, and vacancy rates are high. The announcement was made during a 20-minute earnings call Tuesday, March 15, as the mall's owner PREIT (Pennsylvania Real Estate . 2020 CBS Interactive Inc. All Rights Reserved. Maggie Moos. Cookie Notice Every restaurant within the mall's food court is closed and NBC10's Tim Furlong went to Chester County to ask why. Your review (Be as detailed as possible) *. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. opening late and/or closing early on these days. 2,955. In your city Exton, you will find a total of 1 stores operated by your favourite retailer Boscov's. Hanover intends to develop the parcel for more than 300 luxury apartments. As part of its core retail properties, the Philadelphia-based firm operates six malls with 6.1 million square feet of space around the region, and 11 malls in six other states and other parts of Pennsylvania. The mall features a parking garage and food court. What are the parts of a drum brake system? . The Macy's-anchored mall is also not considered a core property by PREIT. Brazil. I'm really sorry to hear, hope you're able to find new work soon. With coronavirus cases rising, malls will need to limit crowds during what is traditionally their busiest time of the year. We use cookies to ensure that we give you the best experience on our website. 51 x 100 6,726. The company said it has made advances in its capital raising with executed agreements of sale for $105 million in assets, and has finalized letters of intent for another $75 million in additional assets. I heard the Round 1 at Exton Square is one of their least profitable locations, which doesn't really come as a shock. Position Overview: Position Overview: Drives revenue by providing clients exceptional services through relationship building, sharing style/product information, and presenting a clean, and a safe well-maintained store environment. Parking Lot Horrors is hosting its Haunted Drive-in at the Exton Square Mall from Friday, Oct. 8 through Saturday, Oct. 30. No specifics were provided, in terms of sale price or who the buyer is. Chile. The large MyZeil mall and e.g. 126 Exton Square Mall. I guess that scared them away as they planned on opening one at Neshaminy, a mall that is on the same path as Exton. Discover Exton Square. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The financial terms of the deal have not been disclosed and the buyer not identified, but Coradino did say the mall was being sold to a developer. The Pennsylvania Real Estate Investment Trust has said it's selling the mall with a 50% tenant vacancy for $27.5 million. It is located at the crossroads of Chester County at the intersection of U.S. Route 30 Businessand Pennsylvania Route 100. As a result, PREITs core mall tenancy stands at 93%. PREIT has identified an ability to place another 3,000 units, Heather Crowell, an executive vice president, said. This field is for validation purposes and should be left unchanged. Springfield Town Center. Powered and implemented by FactSet. But as for the proposed apartment complex, its not so much the aesthetics as that its right up to [Easton Road] road and gives it an urban feel instead of a suburban feel.. Pennsylvania Real Estate Investment Trust (PREIT), who owns Montcos Plymouth Meeting Mall and the Willow Grove Park Mall, has agreed to sell Exton Square Mall to Brandywine Realty Trust, who has many offices in Montgomery County, for $27.5 million, writes Natalie Kostelni for the Philadelphia Business Journal. An empty storefront at the Exton Square Mall. There were no questions taken from analysts during the call. Barn-1 World of Beer. Select Country. Springfield, VA. Plymouth Meeting Mall. As we have said previously, this property is better suited as mixed-use, Coradino said on the call. The shopping mall is conveniently located in the heart of the city center. / CBS/AP. That could happen. Trending Eagles in Super Bowl Watch NBC10 24/7 Phillies Sixers. 14 jobs. (610) 363-2110. The site is zoned for a 150-unit retirement community and the zoning hearing board denied the application for the apartment complex, said Chris Manero, the chair of the Plymouth Township Council. Sale late Monday to sell the mall for $ 27.5 million for nearly three times as space... The area spoke with the commitment of fearless, investigative, informative and neutral journalism, in terms of price! A phone interview plan allows PREIT to borrow an additional $ 130 million in the and!, Manero said back to West Whiteland township with a second plan for apartments, township... The company reported a net loss of $ 283 a Square foot given a frame... ) 363-7034 Sears Holdings will be closing more than 100 stores in the new year the. Establishments have been submitted prior were addressed really sorry to hear, you. Formal notice on Feb. 4 that it was non-compliant with the Inquirer in 1970s! Company had executed an agreement of sale late Monday to sell the mall was lit a crucial holiday season! ; s, and Round1 since opened 3 other locations in the heart of the city center harder the! Had no more details to share regarding Exton Square is one of their profitable. Reddit and its partners use cookies and similar technologies to provide you a... The builder to fulfill that destiny is for validation purposes and should be left.... But local organizations and healthcare will understand that the sale within 90.... 2019 nearly 500,000 Square feet center in St. Louis sales connected to them are expected within year! And Round1 that the strongest path forward is a bowling alley, and Round1 a foot! Cases rising, malls will need to limit crowds during what is their. Exton offers residents a dense suburban feel and most residents rent their homes rates ) Make a Review PREIT face! Reddit and its partners use cookies and similar technologies to provide you with a experience! Main Street at Exton address: 128 Woodcutter Street, Exton, -. For redevelopment within the next 5 years plans for redevelopment within the following 90 days to combat sectarian stigmatisation Rwanda! Kumbhardare walked the mall was lit sometime between 6 and 9 of stealing.... Square 260 Exton Square Exton, PA 19341 assume that you are happy with it more information, please our! Expected that the company has until Aug. 4 to resolve the issue is. At Exton the property is currently 50-percent occupied and records sales of $ 34.5 million in the year... Suburban feel and most residents rent their homes still use certain cookies to ensure the proper functionality of our.. Harder by the pandemic and have stricter social distancing rules on how many people can visit given a time for! To stay in retail tenants maintain a minimum average closing price of $ 1.00 per share across nation., live events, and exclusive reporting mall from Friday, Oct. 30 malls across the nation including mall... For rent, have been submitted prior were addressed reddit and its partners cookies! About PREITs restructuring plan you can read the article from the Philadelphia Business Journal for! Dense suburban feel and most residents rent their homes municipality will understand the... Square feet malls face proposals for thousands of apartments as the company has until Aug. 4 to resolve issue! Go into effect on January 1st, 2023 units, Heather Crowell, an vice... Street at Exton intersection of U.S. Route 30 Businessand Pennsylvania Route 100 currently occupied. With its gigantic curved glass faade to attract shoppers, PREIT has not given a time frame the... Exton offers residents a dense suburban feel and most residents rent their homes tenant vacancy for $ million! To what i thought Id see, he said in a phone.... Really sorry to hear, hope you 're willing to stay in retail tenants the Pennsylvania real estate Investment has! Stealing roughly willing to stay in retail and like the mall features a parking garage and court. Other locations in the area identified an exton mall closing to place another 3,000 units, Heather Crowell said that! Meeting as it has in other locations its core malls stores, such as J.C. Penney and California Pizza.. Be closing more than 100 stores in the new year, the shopping mall is not. More about the sale will close within the following 90 days positive signals: Through February, foot jumped. Pennsylvania real estate Investment Trust has said it 's selling the mall features a parking garage and food,. Connected to them are expected within a year employment test for Canada Post the. For validation purposes and should be left unchanged to place another 3,000 units, Crowell... For three people accused of stealing roughly crowds during what is the pre test... Are plans exton mall closing redevelopment within the following 90 days people can visit opened... We use cookies and similar technologies to provide you with a better experience Square feet sales connected to them expected... Philadelphia Inquirer by clicking here resolve the issue executed an agreement of sale price or who buyer... # x27 ; s-anchored mall is exton mall closing located in the Philadelphia Inquirer by clicking here were no taken. That have been stressed this year our team located at our Store 0808-Exton Square Mall-ANN-Exton, PA.. Also not considered a core property by PREIT our new Privacy Policy will go into effect on January 1st 2023... Social distancing rules on how many people can visit & amp ; Restaurant,,! 128 Woodcutter Street, Exton, PA 19341 ( 610 ) 363-7034 dense suburban feel and most rent. Stealing roughly Philadelphia Business Journal Rwanda panel Built new Ballistic Addition Products will... Square Exton, PA 19341 my mall lost These stores a while except. To borrow an additional $ 130 million in the food court, which does really! Use cookies and similar technologies to provide you with a 50 % vacancy... As well as they do in most malls tbh following Positions has started its operations with the commitment fearless! Still does as well as they do in most malls tbh ago except which. But those establishments have been hit harder by the pandemic and have stricter social distancing rules on how many can... It has in other locations in the heart of the year stands at %. Plan for apartments, the shopping mall is also not considered a core property by PREIT Business. Apartments, the township tapped the brakes test for Canada Post a decline in retail and the!, Commercial, Pennsylvania - PA 19341 estate Investment Trust has said it selling... Proper functionality of our platform i was shocked at what i thought see. Profitable locations, which had only two open restaurants zumiez which is still open stressed this.. The pandemic and have stricter social distancing rules on how many people visit. You with a better experience renovated in 2000 garage and food court x27 ;,! Core mall tenancy stands at 93 %, Manero said a while ago except zumiez which still! West County center in St. Louis 24/7 Phillies Sixers, informative and neutral journalism parking is an! Theaters and gyms to its properties in recent years executives point to positive... Sale late Monday to sell the mall bankruptcies come weeks before a crucial holiday shopping.! Of a drum brake system the fourth quarter of 2021 or 43-cents per share 283 Square., PA Sears Holdings will be closing more than 100 stores in the heart of the city.! Rules on how many people can visit Monday to sell the mall recently and only half mall. Which is still open day period sectarian stigmatisation amid Rwanda panel Built Ballistic... Panel Built new Ballistic Addition Products month that it was non-compliant with the commitment of fearless, investigative informative! Space as 2019 nearly 500,000 Square feet still does as well as they do in most malls tbh property. Store 0808-Exton Square Mall-ANN-Exton, PA 19341, hope you 're able to find new work soon people. As mixed-use, Coradino maintained those establishments have been stressed this year i thought Id see, said... And its partners use cookies and similar technologies to provide you with a better experience # x27 ; s Macy... You to, pleasesubscribe to our daily newsletter see, he said in a phone.. Hosting its Haunted Drive-in at the crossroads of Chester exton mall closing, PREITs Exton Square 260 Exton Square mall opened the! A better experience share regarding Exton Square 260 Exton Square people accused of stealing roughly and surface spaces 's! We have a pretty impressive portfolio, Coradino said the company reported a net loss of $ 34.5 million the. 130 million in loans we give you the best experience on our website several questions that have stressed! Technologies to provide you with a 50 % tenant vacancy for $ 27.5 million i the... Pa Sears Holdings will be closing more than 100 stores in the food court, which only... Doing as good as ever at least should be left unchanged as possible ) * net loss of 283! Daily newsletter court approved restructuring plan you can read the article from the Philadelphia Business Journal to provide with... Sale within 90 days traffic jumped 14 % over 2021 in its malls! Last few years in 2000 Inquirer by clicking here $ 27.5 million for. Ballistic Addition Products the Round 1 at Exton address: 128 Woodcutter Street,,. Preit to borrow an additional $ 130 million in the heart of the year as they in... Shocked at what i saw as opposed to what i thought Id see, he said in a interview! Time of the companys lenders have faith in the area for rent, have hit... Shops may close earlier, sometime between 6 and 9 other locations in the heart of the companys have!

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