PHILADELPHIA, Sept. 14, 2017 /PRNewswire/ -- PREIT (NYSE:
PEI) announced that Herberger's at Valley View Mall in La Crosse, WI has opened a 100,000 square foot
store in the former Macy's location to right-size its space,
backfilling a store that closed just six months ago.
"Right-sizing Herberger's to meet the high-traffic shopping
behaviors of the La Crosse region
is another key milestone in our ambitious plan to replace closing
anchor stores and better serve local consumers," said Joseph F. Coradino, CEO of PREIT. "This
represents one of six diverse tenants backfilling vacant department
stores this year as we make further progress in improving the
overall appeal of our portfolio by enhancing anchor positions."
A major shopping hub in the La
Crosse region, Valley View Mall attracts shoppers in a
50-mile radius. It features a diverse lineup of retail, dining and
entertainment experiences, including Francesca's, Apricot Lane,
Victoria Secret, Build-a-Bear Workshop, Express, Zumiez, ULTA and
Texas Roadhouse, among others.
About PREIT
PREIT (NYSE:PEI) is a publicly
traded real estate investment trust that owns and manages quality
properties in compelling markets. PREIT's robust portfolio of
carefully curated retail and lifestyle offerings mixed with
destination dining and entertainment experiences are located
primarily in the densely-populated eastern U.S. with concentrations
in the mid-Atlantic's top MSAs. Since 2012, the company has
driven a transformation guided by an emphasis on portfolio quality
and balance sheet strength driven by disciplined capital
expenditures. Additional information is available at www.preit.com
or on Twitter or LinkedIn.
Contact:
Heather
Crowell
SVP, Corporate Communications and Investor Relations
(215) 454-1241
heather.crowell@preit.com
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SOURCE PREIT