Shopping Centers Today

AUG 2018

Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)

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A U G U S T 2 0 1 8 / S C T 31 with Burlington, e Home Depot and Shop Rite. e center is about 75 percent leased or preleased, to Chipotle Mexican Grill, Five Below, LA Fitness, Marshalls, Old Navy, TD Bank, T-Mobile and Wells Fargo, among others. "When we bought the Cheltenham Mall, we knew that there was an op- portunity to turn it into a shopping ex- perience that would better service the community," said Abe Tress, director of operations at Sun Equity Partners. "With the help of Metro Commercial, we were able to secure top-tier nation- al brands and completely revitalize the shopping center and the neighbor- hood. We are proud of what we and our team have been able to accomplish so far and are looking forward to adding more dynamic retail, food and other uses to the center soon." n TIMELINE 1959 Cheltenham Square Mall opens 1981 The mall is enclosed 1986 Gimbels closes 2005 Thor Equities buys the property from Simon 2009 Target opens 2014 Sun Equity Partners buys the mall for $30 million April 2018 The redeveloped property reopens as Greenleaf at Cheltenham

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