PREIT, now under new ownership, still considers Cherry Hill Mall its premier asset. Despite the company’s recent financial turmoil, the mall continues to shine as its top-performing property, with several new businesses set to open soon.
Cherry Hill Mall recently announced the addition of several new businesses, expected to open within the next year, further enhancing its retail offerings.
PREIT, the parent company of Cherry Hill Mall, underwent significant changes after declaring bankruptcy for the second time in three years. Despite these challenges, PREIT has consistently highlighted Cherry Hill Mall as its most valuable shopping center. The company successfully emerged from Chapter 11 bankruptcy on April 1st.
With a fresh start and new ownership, Cherry Hill Mall is gearing up to welcome an array of new tenants. Here’s a look at what’s coming to the shopping center:
- Alo Yoga: This activewear retailer, known for its yoga-inspired lifestyle products, is set to open this holiday season.
- Kendra Scott: Offering unique jewelry and accessories, Kendra Scott will also open its doors this holiday season.
- Dry Goods: A new addition to the Philadelphia market, Dry Goods will provide a variety of women’s fashion and accessories. The opening date is yet to be determined.
- Rowan: Specializing in safe and modern ear piercing experiences, Rowan is expected to open in Spring 2025.
- Signature Workspace: Catering to solo workers and co-working needs, this office space provider is projected to open this summer.
PREIT owns 17 shopping centers, primarily located in the Mid-Atlantic region, including the Cherry Hill and Moorestown malls in New Jersey.
The addition of these new businesses underscores Cherry Hill Mall’s status as a premier shopping destination, continuing to attract top retailers and providing a diverse shopping experience for its visitors. As PREIT moves forward under new leadership, Cherry Hill Mall remains a shining example of its retail success.
