Mall Anchors are Fading

The following article is a good accounting of the current state of affairs for mall anchors.  There is some information specific to the Philadelphia market, but there is enough national information to make it a worthwhile article.

Philly.com Article

JCPenney & Nordstrom Rack Coming to Willow Grove Park Mall

JCPenney and Nordstrom Rack will be taking portions of the former Strawbridge's at the Willow Grove Park Mall (Willow Grove, PA).  The vacant Strawbridge's has sat empty since 2006.  JCPenney will total 114,000 square feet on two floors.

Prior to the economy downturn, I personally noticed JCPenney on a number of proposed shopping center site plans.  Unfortunately, none of those stores came to fruition in the Philadelphia DMA.  So, after a few years of being dormant, JCPenney is moving forward with a very high profile location in one of the top Philadelphia markets.

Thanks to Phillyburbs.com