anchor store at the mall. It was the last Wanamaker's store to be built. In 1995, Hecht's of Washington, DC, a division of the May Department Stores Company of St. Louis, acquired the Wanamaker's chain, converting all locations to Hecht's. A year later, Hecht's also acquired the Strawbridge & Clothier chain, which was historically Wanamaker's main rival (and co-anchor at Christiana Mall). Since the renamed Wanamaker's did not do as well as projected with the Hecht's name, the decision was made to keep the Strawbridge's name, although the Clothier was dropped. The former Wanamaker's store was refitted for Lord & Taylor in 1997. It was the only Lord & Taylor location in Delaware. Things calmed down until 2005 when Federated Department Stores, which owned Macy's and Bloomingdales, bought the May department store chains. The purchase left Federated with three of the four anchor stores at Christiana Mall: Macy's, Strawbridge's, and Lord & Taylor. Federated closed Strawbridge's and the Lord & Taylor location in 2006. Mall owner General Growth Properties acquired the Strawbridge's building for an undisclosed price, but no definite plans were announced at that time for the former Lord & Taylor space. The vacant Lord & Taylor was ultimately demolished in early 2010 to build a one-level Target store. Target opened for business later that year, on October 10, 2010. The vacant Strawbridge's store was demolished in 2008. A Nordstrom store, along with a new wing of additional high-end retailers, was built to replace Strawbridge's. The new Nordstrom opened on April 8, 2011, as the first store in the state of Delaware and third in the Philadelphia area. In 2013, construction began on the outside of the ring road opposite Nordstrom on a Cabela's store. Cabela's opened in May 2014. Additional construction was completed for a new 12-screen cinema Cinemark Theatres complex, which opened in November 2014. Ownership changes In March 2003, The Rouse Company made an agreement with Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) to acquire 50% stake in Christiana. Rouse received its stake in Christiana and $225 million in cash in exchange PREIT would receive six malls and assume $285 million in mortgage debt. PREIT would also hand over $38 million worth of stock to a partnership controlled by its executives that held the stake in Christiana. The six malls Rouse traded were older properties anchored by such stores as Strawbridge's, Sears and JCPenney. The malls