400 Route 38
Moorestown NJ 08057
LOCATION: Moorestown, New Jersey
DATE OPENED: September 1963
DATE ACQUIRED: December 1997
RENOVATION: 1993; 2000
ARCHITECT: John Graham A.I.A Architects
CENTER DESIGN: Single level with two-level anchors
TOTAL CURRENT SIZE: 1,033,000 square feet
GROSS LEASABLE AREA: 339,000 square feet
Boscov's 203,000 square feet
Lord & Taylor 120,000 square feet
Sears 171,000 square feet
Strawbridge's 200,000 square feet
NUMBER OF OTHER SHOPS, SERVICES AND RESTAURANTS: 92
NUMBER OF PARKING SPACES: 5,961
Route 38; I-295
TRADE AREA POPULATION: 487,400
Visit the Moorestown Mall web site for shopping information, directions
to the shopping center and a listing of stores.
Moorestown Mall's recent $45 million remerchandising and expansion program
enables it to capitalize on a strong and growing trade area. Brand new
Strawbridge's and Lord & Taylor have joined Boscov's and Sears to
create a completely new center.
Moorestown Mall is located in Burlington County on State Route 38,
directly accessible to southbound travelers on I-295 via an off ramp.
The center also lies within a half mile of a full interchange of I-295
and Route 73 and within one mile of the New Jersey Turnpike and Route
73 Interchange. Moorestown Mall is the anchor of a major retail concentration
and is ideally positioned to serve the most affluent portion of Philadelphia's
New Jersey suburbs.
- The new Strawbridge's opened strongly in November 1999, offering top-line
merchandise for this nameplate. In March 2000, a Lord & Taylor opened
at Moorestown Mall, its only location in southern New Jersey.
- New tenants, including Limited Too, The Children's Place and GapKids,
reflect the strong family orientation of the center.
- The underlying market strength of the property is evident in the fact
that top retailers such as Gap, Bath & Body Works, Victoria's Secret,
Express and others have enjoyed strong sales throughout the redevelopment
process, and specialty store retailers such as Foot Locker, Afterthoughts
and Paul Harris have also expanded their stores.
The Trade Area
- Moorestown Mall's trade area encompasses the majority of Burlington
County and currently contains 487,400 people.
- The average household income of trade area residents is $72,400, well
above the Philadelphia MSA average.
- Growth in the trade area has been fueled by the development of better-quality
suburban housing. An average of 1,900 residential building permits have
been issued annually in Burlington County since 1990, with the vast
majority in the Moorestown trade area.
Moorestown Mall's strategic location
in the most upscale portion of Philadelphia's New Jersey suburbs and recent
expansion and redevelopment will enable the center to solidify its strong
position and harness the affluent growth of its