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PREIT lines up new tenants as malls move from retail

  • At PREIT's (NYSE:PEI) Capital City Mall in Harrisburg, PA, the company has signed a 28K square foot lease with Dave & Buster's, which plans on opening in Fall 2018.
  • At Plymouth Meeting Mall just outside Philadelphia, PREIT has inked a deal with 5 Wits. From the PR: "This live-action entertainment experience immerses guests in realistic situations that includes hands-on challenges and requires teamwork." It's the first 5 Wits in the region and a first for PREIT. The 14K square foot location will be across from Legoland Discovery Center, and open this coming Fall.
  • Also coming this month at Plymouth Meeting is Cyclebar: "Premium indoor cycling that offers a high-energy workout in a concert-like atmosphere." It's more than 2.7K square feet.
  • PREIT notes 17% of its space is committed to dining and entertainment - at Plymouth Meeting, it's more than 45%.
  • Source: Press Release

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