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AMERICAN VALUATION GROUP, INC. HIRED FOR QUAKER BRIDGE MALL
Lansdale, PA (June 14, 2012) - American Valuation Group, Inc. was retained to provide appraisal
services and expert witness testimony on the Quaker Bridge Mall, a super-regional shopping mall
located in Lawrenceville (Trenton metro area), New Jersey. The 1,100,000 square foot, two-level,
enclosed mall, which opened in 1975, was last renovated in 1988-89. Construction work has already
begun on a major redevelopment, including new interior and exterior features, addition of The
Cheesecake Factory restaurant, a new food court, upgraded escalators, restrooms, mall entrances,
new flooring, ceiling, elevator, and other items. This mall is conveniently located at the southeast
quadrant of U.S. Route 1 and Quaker Bridge Road, just north of I-295. Quaker Bridge Mall is
anchored by JCPenney, Lord & Taylor, Macy’s and Sears.
Quaker Bridge Mall has a mixture of traditional and upscale stores with strong anchor
drawing power. For many years, the mall was the dominant mall in its trade area due to size and
location. The redevelopment will completely revamp the tenant mix. Presently, in addition to the
anchor stores, the mall has approximately 70 shops and restaurants, including Aéropostale, Ann
Taylor, Coach, Express, Forever 21, LOFT, Old Navy, Victoria’s Secret and Wet Seal. Recently
announced additions include Michael Kors, Pandora, Sephora, Sur La Table and Teavana. Simon
Property Group, the largest shopping mall owner in the U.S., owns, leases and manages the mall.
American Valuation Group, Inc. has been retained for appraisal services and expert testimony
for a two-year tax appeal litigation proceeding, and consulting on the upcoming revaluation. “The
prolonged decline of this property negatively impacted occupancy and revenue productivity, but the
complete redevelopment will reflect positively on property value,” said Mark T. Kenney, MAI,
SRPA, MRICS, MBA, President of American Valuation Group, Inc. He added, “Tax assessors are
interested in appropriate mall values given the recent low interest rate environment and increased
market activity.” Mr. Kenney is the author of “Quantifying Business Enterprise Value in Shopping
Malls: Current Issues and Future Trends,” and other shopping mall articles that appeared in
The Appraisal Journal, a leading industry journal published by the Appraisal Institute.
American Valuation Group, Inc. is a leader in the appraisal of shopping malls and shopping
centers, and specializes in property tax appraisal and litigation support nationwide. For
information about our litigation support services, contact Mark Kenney at (215) 855-1800 or visit our web site at www.ameri-val.com.
207 Abbey Lane
Lansdale, PA 19446Ph: 215.855.1800
Fax: 215.855.1782 Email: mkenney@ameri-val.com