Red ink still pouring for owner of Cherry Hill Mall Moorestown Mall

Red ink still pouring for owner of Cherry Hill Mall Moorestown Mall

PHILADELPHIA – The parent firm of two South Jersey malls has reported its losing streak continued with a $51.9 million deficit in its quarter. Philadelphia-based PREIT also said it has extended a $237.1 million mortgage for Cherry Hill Mall, its top-performing shopping center. That pushes back the mortgage’s maturity to…Read More

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