The Moorestown Township Council has awarded four liquor licenses to the operator of Moorestown Mall for slightly more than $4 million.
The Pennsylvania Real Estate Investment Trust (PREIT) plans to use the licenses, the first awarded in the previously historically dry town, at as-yet-unidentified restaurants expected to open next year.
The council voted unanimously Monday to accept the liquor license proposals submitted by PREIT's subsidiaries, Moorestown Beverage I and Moorestown Beverage II. The companies must undergo background checks before the licenses are formally issued in the next month or so, Town Clerk Patricia Hunt said.
