CONTACT: Heather Crowell SVP, Corporate Communications and Investor Relations (215) 454-1241
[email protected] PREIT Welcomes Primark to Willow Grove Park Mall, Continuing Diversification of Anchor Roster Leading European Fashion Retailer Opening its Fifth Location in the Northeastern US in Willow Grove, PA Philadelphia, PA, July 19, 2016 – PREIT (NYSE: PEI) today announced the grand opening of Primark, a leading European fashion retailer, at its Willow Grove Park Mall in the Philadelphia suburb of Willow Grove, PA. This is the second Primark location in the Philadelphia region and the fifth in the Northeastern United States. Primark is one of the largest clothing retailers in Europe, offering up-to-the-minute styles at value-for- money prices. This new location will occupy 58,300 square feet space previously occupied by Sears on the second and third floors of the southwest side of the mall. Focused on fashion, value and customer service, the retailer’s newest store will feature 59 fitting rooms and 47 registers, recharge areas, as well as a trend room, elevating the shopper experience for PREIT’s Willow Grove Park customers with added convenience and innovative experiences. With a range of fashion products – including womenswear, menswear, children’s apparel, home goods and beauty products – Primark Willow Grove is a leading example of PREIT’s commitment to diversifying its tenant mix and welcoming contemporary anchor stores to its portfolio. “Retailers like Primark, delivering fashion and value that is limited to the brick-and-mortar format, are in high demand in today’s retail environment, meeting the evolving needs of consumers.