GADSDEN MALL ANNOUNCES 2008 HOLIDAY HOURS

NEWS RELEASE
GADSDEN MALL ANNOUNCES 2008 HOLIDAY HOURS

November 20, 2008, Gadsden, Ala. — Representatives from Gadsden Mall today announced they have extended the mall’s operating hours for customers’ holiday shopping convenience. Gadsden Mall will be open during the following hours for the 2008 holiday season:

Thanksgiving Day             Closed

Friday, November 28           6:00 a.m. to 10:00 p.m.

Saturday, November 29 9:00 a.m. to 9:00 p.m.

Sunday, November 30 11:00 a.m. to 7:00 p.m.

Monday, December 1 – Friday, December 5             10:00 a.m. to 9:00 p.m.

Saturday, December 6           10:00 a.m. to 10:00 p.m.

Sunday, December 7           11:00 a.m. to 7:00 p.m.

Monday, December 8 – Thursday, December 11 10:00 a.m. to 9:00 p.m.

Friday, December 12 and Saturday, December 13 10:00 a.m. to 10:00 p.m.

Sunday, December 14 11:00 a.m. to 7:00 p.m.

Monday, December 15 – Thursday, December 18 9:00 a.m. to 10:00 p.m.

Friday, December 19 and Saturday, December 20 8:00 a.m. to 10:00 p.m.

Sunday, December 21 9:00 a.m. to 7:00 p.m.

Monday, December 22 and Tuesday, December 23 8:00 a.m. to 10:00 p.m.

Christmas Eve           8:00 a.m. to 6:00 p.m.

Christmas Day           Closed

Friday, December 26           9:00 a.m. to 9:00 p.m.

Saturday, December 27 10:00 a.m. to 9:00 p.m.

Sunday, December 28 11:00 a.m. to 7:00 p.m.

Monday, December 29 and Tuesday, December 30 10:00 a.m. to 9:00 p.m.

New Year’s Eve and New Year’s Day 10:00 a.m. to 6:00 p.m.

“Extending our hours during the busiest shopping season of the year is critical,” said Vicki Lister, marketing director for Gadsden Mall. “Our goal is to be as accommodating as possible of everyone’s hectic schedules. Longer hours keep the crowds manageable, and that ensures a positive shopping experience for our customers.”

The mall will resume its regular 10:00 a.m. to 9:00 p.m. operating hours on Friday, January 2, 2009.

Department store hours may vary. For more information about Gadsden Mall, call (256) 547-0501 or log on to shopgadsdenmall.com. 

About Gadsden Mall
Gadsden Mall is located in Gadsden, Ala. and is owned and operated by Pennsylvania Real Estate Investment Trust (PREIT). The mall is anchored by Belk, Sears, JCPenney and a 16-screen Premiere Cinema, the only cinema within a 45-minute drive that offers stadium seating. The mall also features an eclectic mix of national retailers such as Aéropostale, American Eagle Outfitters, GAP, Victoria′s Secret, Bath & Body Works, Body Shop, Maurice’s and Ruby Tuesday.

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 and power centers. Currently, the Company’s retail portfolio is approximately 34 million square feet and consists of 55 properties, including 38 shopping malls, 14 strip and power centers, and four properties under development. The Company’s properties are located in 13 states in the eastern half of the United States, primarily in the Mid-Atlantic region. PREIT is headquartered in Philadelphia, Pennsylvania. The Company’s website can be found at http://www.preit.com. PREIT is publicly traded on the NYSE under the symbol PEI.