PREIT Clears the Way for $30M Exton Square Mall Upgrade & Whole Foods Anchor
Exton Square Mall Owner Pennsylvania Real Estate Investment Trust is digging into a major project to transform the face of the Route 100 shopping center and pave the way to exciting new opportunities.
At a time when PREIT is selling off other properties to pour investment into its most promising ones, the Exton Square Mall is receiving an infusion of $30 million and the addition of high-profile leases with Whole Foods and Round 1 Entertainment, according to a Daily Local News report by Brian McCullough.
The latter is slated to fill 58,000 square feet with bowling lanes, billiards tables, ping pong nets and more.
“Construction is well underway for the additions of both Round 1 Entertainment inside the former JC Penney as well as Whole Foods,” PREIT Senior Vice President of Corporate Communications and Investor Relations Heather Crowell said in the article. “Round 1 will offer a unique entertainment venue that the community and customers of all ages will enjoy. Round 1 is expected to open by (the holiday season this year) and Whole Foods in fall 2017.”
When finished, the Exton Square Mall work will feature redesigned parking and an entrance directly off Route 100.
Read more about the construction project and the future of the Exton Square Mall in the Daily Local News here, and check out previous VISTA Today coverage of PREIT here and the shopping center here.
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