PHILADELPHIA, Nov. 1, 2016 /PRNewswire/ -- PREIT (NYSE: PEI) today announced a newly executed lease with Zara, one of the largest international fashion retailers, at Cherry Hill Mall. This is a first-to-portfolio retailer for PREIT and Zara's first location in suburban Philadelphia.
Zara will occupy approximately 26,000 square feet of space between Macy's and Nordstrom. The retailer - which is tentatively slated to open in November, 2017, will offer apparel and accessories for men, women and children. This development follows the recent addition of another first-to-portfolio addition at the property, Alex & Ani - an eco-conscious jewelry and accessories retailer. The addition of these in-demand retailers further improves the merchandise mix of the 1.3 million square foot mall for shoppers in the region.