Pennsylvania Real Estate Investment Trust
“(It’s) the first department store to open on Market Street in decades,” noted Joseph Coradino, CEO of the owner of the real estate.
The closures will affect 289 employees.
There have been a lot of guesses on how they might be able to transform that slightly frayed mall and its surrounding area, including the possible addition of an anchor store like a Bloomingdale’s.
Joseph Coradino will become CEO in June of the company that owns several shopping malls around the Delaware Valley.