VINELAND, NJ—Dick's Sporting Goods will fill a 50,000 square-foot space at PREIT's Cumberland Mall in Vineland, NJ previously occupied by JCPenney.
PREIT CEO Joseph F. Coradino says the transaction demonstrates PREIT'scontinued success in replacing anchors with in-demand retailers. As previously reported by GlobeSt.com, PREIT said the JCPenney store closing would give the real estate investment trust a "significant opportunity to add value" at the regional mall.
"The addition of Dick's Sporting Goods will improve the merchandise mix and solidify the tenant roster at Cumberland Mall," Coradino says. "This transaction cements Cumberland Mall's position as a dominant retail hub in the area and adds to its appeal catering to a wide variety of consumers."
Cumberland Mall, currently anchored by Boscov's, Burlington Coat Factory, Marshalls, ULTA and Regal Cinemas, features more than 90 specialty retailers and dining establishments including Applebee's, American Eagle Outfitters, Bath & Body Works, Chick-Fil-A, Kay Jewelers, Old Navy, Red Lobster, Red Robin, Rue21, Starbucks, and Victoria's Secret. The property is also home to several big box retailers including BJ's Wholesale Club, The Home Depot, Toys 'R' US/Babies 'R' US and Michaels.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
