REAL ESTATE

DSW and Ulta open at Mall at Prince Georges

BY Al Urbanski

PREIT has proclaimed the $30 million transformation of its Mall at Prince Georges nearly complete with the recent openings of Ulta Beauty and DSW. H&M opened there in 2016.

In addition to a re-curation of tenants at the Hyattsville, Maryland, property, PREIT has re-done its exterior entrances and added new ceilings, lighting, soft seating, charging stations, and food court upgrades. Natural wood was added to the interior to create a warmer and brighter environment, according to PREIT.

The big northeastern mall operator recently executed a lease with &pizza to join a string of new fast casual restaurants positioned along the mall’s exterior to draw traffic. Others include Mezeh Mediterranean, Chipotle, Five Guys, and Golden Krust Caribbean Bakery.

“MPG continues to be a standout property in our portfolio with sales of $513 per square foot, exhibiting 6% growth before many of these additions have opened,” said PREIT CEO Joe Coradino.

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