Sears relocated to the mall from a store in Abington. Around this time, the store selection at the mall broadened to also target the middle class. In 1988 Abraham & Straus closed and became Strawbridge & Clothier, which had relocated to the mall from a store in Jenkintown. The mall was acquired by PREIT and the Pennsylvania State Employees' Retirement System in 2000 for from a group of pension fund clients managed by Lend Lease Real Estate Investments. In 2001, the mall underwent a major renovation which included the addition of Macy's as an anchor, the construction of a parking garage with 800 parking spaces adjacent to Sears and the food court, and the addition of a carousel at the third-floor entrance opposite the food court. The renovation of the mall cost . PREIT assumed full ownership of the Willow Grove Park Mall in 2003 by acquiring the Pennsylvania State Employees’ Retirement System's 70% share of ownership for . In 2005, a mosaic wall with images from the former Willow Grove Park was installed in the mall. The mosaics were created by the Abington Art Center's Youth Empowerment Program and the Abington Township Balanced and Restorative Justice Program from designs made by Carol Strinton-Broad. In 2006, Strawbridge’s closed due to the acquisition of its parent company May Department Stores by Federated Department Stores; a small portion of the former store on the upper floor became home to The Cheesecake Factory in September 2007. The lower two floors were planned to open as Boscov's; however, it never opened due to the chain filing for Chapter 11 bankruptcy in 2008. On November 25, 2006, during one of the busiest shopping weekends of the year after Thanksgiving, a small fire broke out in the Forever 21 store that forced the evacuation of 6,000 shoppers; no injuries were reported. On the evening of June 15, 2011, a 16-year-old boy from Upper Moreland Township who was smoking synthetic cannabis jumped from the third level of the parking garage, suffering injuries. On July 28, 2011, it was announced that JCPenney would open a store on the lower two floors of the vacant Strawbridge's. In addition, it was announced that Bravo! Cucina Italiana and Nordstrom Rack would open locations on the third floor of the former Strawbridge's. Bravo! Cucina Italiana opened in November 2011 while Nordstrom Rack opened in May 2012. Forever 21 also relocated to a larger store at the former Strawbridge's site in December 2011.