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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