PREIT Announces Distrito by Iron Chef Jose Garces as the Third Restaurant Slated to Open at Mooresto

PREIT Announces Distrito by Iron Chef Jose Garces as the Third Restaurant Slated to Open at Moorestown Mall

Award-Winning Chef Brings Modern Mexican to South Jersey in 2014

PHILADELPHIA--(BUSINESS WIRE)-- Pennsylvania Real Estate Investment Trust (NYS: PEI) continues to build an enticing lineup of fine dining at Moorestown Mall with the addition of Garces Group restaurant, Distrito. The 7,500 square foot restaurant, already a favorite in Philadelphia, will enhance the South Jersey dining scene with its vibrant celebration of the culture and flavorful cuisine of Mexico City next year.

James Beard Award-winning chef and one of only a few chefs in the country to hold the coveted title of Iron Chef, Jose Garces is the owner and operator of over a dozen restaurants in five states, as well as a thriving catering division. The chef and restaurateur's newest venture at Moorestown Mall will feature contemporary interpretations of regional Mexican favorites at Distrito, coupled with distinctive colorful furnishings and a cool, modern ambiance. Distrito will introduce the previously "dry" town's only premium tequila bar.

The Garces Group and PREIT, owner of Moorestown Mall, are looking forward to a successful partnership:

"We look forward to introducing South Jersey to Distrito's unique blend of modern Mexican fare in a fun and festive environment," shared Chef Jose Garces. "Distrito is a warm and welcoming restaurant whether you come by for a drink and a light bite or want to celebrate with friends."

"We are thrilled to welcome this James Beard award-winner and Iron Chef to Moorestown to utilize the third of four liquor licenses obtained by PREIT," said Joseph F. Coradino, CEO of PREIT. "With the execution of this lease in addition to Marc Vetri's Osteria, which was previously announced, PREIT is delivering on our promise to Moorestown residents of transforming Moorestown Mall into a differentiated shopping experience offering unparalleled suburban dining and entertainment alongside great retail."

In 2014, Distrito will join acclaimed chef Marc Vetri's Osteria and Firebirds Wood Fired Grill, both of which are slated to open in time for Holiday 2013. Also coming to Moorestown Mall is the region's first Regal Premium Experience Theater and fast casual café, Corner Bakery, another first for the area.

About Pennsylvania Real Estate Investment Trust

Pennsylvania Real Estate Investment Trust, founded in 1960 and one of the first equity REITs in the U.S., has a primary investment focus on retail shopping malls. Currently, the Company's portfolio of 46 properties comprises 36 shopping malls, seven community and power centers, and three development properties. The Company's properties are located in 13 states in the eastern half of the United States, primarily in the Mid-Atlantic region. The operating retail properties have approximately 31.0 million total square feet of space. PREIT, headquartered in Philadelphia, Pennsylvania, is publicly traded on the NYSE under the symbol PEI. Information about the Company can be found at or on Twitter or LinkedIn.

About Garces Group:

James Beard Award-winner and Iron Chef Jose Garces founded Garces Group, which operates over a dozen restaurants in Philadelphia, PA; Chicago, IL; Scottsdale, AZ; Palm Springs, CA and Atlantic City, NJ. The Garces Group's award-winning concepts range from authentic Andalusian tapas and modern Mexican street food to European bistro fare and artisanal American food and drink, including Amada, Distrito, Garces Trading Company, JG Domestic, Tinto, Village Whiskey, Distrito Taco Truck, Yuboka, El Jefe, Mercat a la Planxa in collaboration with Sage Restaurant Group, as well as a full service event planning division, Garces Catering. For more information about Chef Jose Garces or his restaurants, please visit and follow them on Twitter: @garcesgroup and @chefjosegarces.

Pennsylvania Real Estate Investment Trust
Heather Crowell
VP, Corporate Communications and Investor Relations
For Garces Group
Chloe Mata Crane, 212-300-7102

KEYWORDS:   United States  North America  New Jersey  Pennsylvania


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