PREIT Executes 80,000 Square Foot Fulfillment Center at Cumberland Mall
Transaction highlights PREITs continued success in anchor repositioning to offer more uses
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PHILADELPHIA, May 13, 2021 /PRNewswire/ -- PREIT (NYSE: PEI), a leading operator of diverse retail and experiential destinations, today announced that the Company has signed a new lease for a fulfillment center at Cumberland Mall in Vineland, NJ. The approximately 80,000 square foot facility will soon occupy the former Burlington space delivering a new source of non-retail revenue. The property is ideally situated in a location which serves a large trade area along a key route between Philadelphia and the Jersey shore.