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The $218 million renaissance of Cherry Hill Mall, completed in 2009, established the property as the Philadelphia metro area's premier high-fashion shopping and dining destination due to its size, extensive merchandise mix, and easy access to major area thoroughfares and bridges from Philadelphia (eight miles away.)
Coinciding with the redevelopment, over 228,000 s.f. new retail opened in 2009 including first-to-market stores for Nordstrom, Metropark, The Buckle, Books A Million, Tilly's, The Capital Grille, Seasons 52, and California Pizza Kitchen.
The center draws affluent residents from Burlington, Camden, Gloucester and Philadelphia counties, including Center City Philadelphia. Over 138,000 households earn $100,000+, with half of those within five miles exceeding $150,000.
Cherry Hill Mall boasts the highest gross volume sales in the region. Over 83% of the retailers outperform their store's national and regional sales on a consistent basis. Due to this success, retailers select the property first to try new products and test the Philadelphia metro area with new store concepts.
Major employers within 10 miles reflect a stable and diverse economy, including Virtua Health, Lockheed Martin, Cooper Health System, Kennedy Health System, Lourdes Health System, Bancroft Neuro Health, Campbell Soup and TD Bank, totalling 27,900 employees.
The center's prime location provides high visibility on Route 38 and Haddonfield Roads, the busiest intersection in southern New Jersey, yielding 68,000 and 29,400 cars respectively per day.
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