The owner of Moorestown Mall said Wednesday it’s completed a deal to bring a medical facility to the site of a former Sears store.
Cooper University Health Care is expected to open a specialty care center at the shopping center in 2023, according to a statement from PREIT.
Cooper will occupy 165,000 square feet at the mall, which is seeking to diversify beyond its traditional retail base. The Sears site has been vacant since the troubled retailer left the mall early last year.
A hotel and some 300 apartments also are in the works at the Route 38 shopping center.
Philadelphia-based PREIT wants to “redefine” its malls “with a unique mix of uses,” said Joseph Coradino, the firm’s CEO.
As part of that effort, PREIT on May 13 said a fulfillment center would replace the former Burlington store at Cumberland Mall in Vineland.