PREIT is proud to announce it has signed a lease with ULTA for 7,500 square feet at Dartmouth Mall. As part of the company’s strategy to redefine shopping experiences and diversify their portfolio, this exciting addition will bring a new level of beauty expertise to Southeast Massachusetts.
“ULTA, joining Burlington and Aldi, furthers our diverse tenant mix at Dartmouth Mall, exemplifying our commitment to delivering innovative and dynamic offerings that differentiate our properties from traditional malls and support our vision for long-term growth at the property,” said Joseph F. Coradino, CEO of PREIT. “PREIT has been a leader in replacing department stores, counting 20 in the past 7 years, with ULTA rounding out our proactive recapture of Sears at Dartmouth Mall, solidifying its strong position in the marketplace.”
Dartmouth Mall is a prime example of PREITs “Winner Take All” property segment as the only enclosed mall remaining in the region. The mall has become a premier destination for shoppers seeking high-quality retail and entertainment including Burlington, Aldi, AMC Theatres, Workout World and more. The addition of ULTA will add an unparalleled beauty experience with access to top brands in cosmetics and skincare.
ULTA will offer more than 20,000 prestige and mass beauty products across categories such as makeup, fragrance, haircare, skincare bath & body products both online and in-store. ULTA’s presence represents an exciting opportunity to provide customers with top-of-the-line brand offerings.
PREIT (OTC:PRET) is a publicly traded real estate investment trust that owns and manages innovative properties developed to be thoughtful, community-centric hubs. PREIT’s robust portfolio of carefully curated, ever-evolving properties generates success for its tenants and meaningful impact for the communities it serves by keenly focusing on five core areas of established and emerging opportunity: multi-family & hotel, health & tech, retail, essentials & grocery and experiential. Located primarily in densely-populated regions, PREIT is a top operator of high quality, purposeful places that serve as one-stop destinations for customers to shop, dine, play and stay. Additional information is available at www.preit.com or on Twitter, Instagram or LinkedIn.