REAL ESTATE

HomeGoods, Five Below to open at Magnolia Mall

BY Al Urbanski

Hot, value-price retailers continue to fill mall space vacated by shut-down department stores.

PREIT announced this week’s opening of an 8,500-sq.-ft. Five Below at its Magnolila Mall in Florence, South Carolina, to be followed next month with the debut of a 20,000-sq.-ft. Home Goods.

“These in-demand retailers bring new uses to the community and improve the diversity and quality of our portfolio tenant base,” said PREIT CEO Joseph Coradino.

While Sears exited Magnolia, Belk signed a 10-year lease renewal that includes a store remodel. Also opening at the mall later this year will be H&M.

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