A few weeks ago we published an article about Macy’s announcement that it will close 100 stores after the new year. At that time, Macy’s stated that it wouldn’t announce which stores until after the holiday shopping season.
Philly.com has an article today that Pennsylvania Real Estate Investment Trust (PREIT), the mall’s ownership, has been told that Macy’s Plymouth Meeting Mall location will close and PREIT is actively trying to lease the space. From Philly.com:
Pennsylvania Real Estate Investment Trust, which owns several malls in the region, is fishing for “replacement tenants” for its Macy’s stores at Plymouth Meeting, Moorestown, and Altoona malls.
A list being circulated among top commercial real estate firms has these three stores listed, according to brokers.
A PREIT representative did not deny the report and declined to cite reasons Thursday for seeking replacement stores for the three Macy’s.
It will be interesting to see if the space is taken by another big box retailer or becomes an another activity driven space such as the existing Dave & Buster’s or the LEGOLAND Discovery Center (opening in the spring) that are currently in the mall.
More to come.