PREIT Signs Global Incubator 1776 to 11,000 SF Lease at Cherry Hill Mall in New Jersey

Cherry Hill, N.J. — PREIT has signed 1776 to a lease at Cherry Hill Mall, a 1.3 million-square-foot shopping center in Cherry Hill, located nine miles east of Philadelphia. Founded in 2013, 1776 is a public benefit corporation that scouts and funds business startups focused on sectors like education, energy, transportation and financial services. The incubator will occupy more than 11,000 square feet of space at the property for its local member community, which will focus on retail and e-commerce initiatives and will be home to corporate and startup members in the retail and e-commerce industries. This will be the first mall location for 1776, which joins tenants including Nordstrom, Apple, Zara, Hugo Boss, The LEGO Store, The North Face Seasons 52 and Maggiano’s.