CHATTANOOGA, Tenn. -- (Business Wire)
CBL & Associates Properties, Inc. (NYSE: CBL), today announced that in
2013 it will complete multi-million dollar renovations at three
market-dominant CBL Malls. Projects are scheduled for completion this
year at Friendly Center in Greensboro, NC; Greenbrier Mall in
Chesapeake, VA; and The Mall of Acadiana in Lafayette, LA. CBL makes it
a priority to reinvest in its portfolio of dominant regional malls,
enhancing their appeal to both retailers and shoppers.
“Renovating our malls is an ongoing priority for CBL,” said Stephen
Lebovitz, president and CEO. “These enhancements ensure that each mall
remains a top shopping destination, attracting great new retail and
restaurant names and creating a shopping experience that consumers will
The Mall of Acadiana will receive contemporary design improvements,
including updated entrances, paint, new interior décor and graphics,
upgraded restrooms, remodeled food court, new landscaping, as well as
new amenities, including soft seating areas. Friendly Center’s
renovation will include updated walkway canopies and landscaping.
Greenbrier Mall will receive new upper-level carpet, paint, restroom
upgrades, landscaping improvements, as well as a newly designed food
court including new tables and chairs.
About Friendly Center
Friendly Center and The Shops at Friendly Center is a complete lifestyle
shopping, dining and entertainment experience featuring Anthropologie,
Apple, Ann Taylor, Banana Republic, Brooks Brothers, Chico’s, J.Crew,
LOFT, Soma Intimates, White House|Black Market, and restaurants
including BRAVO! Cucina Italiana and Fleming’s Prime Steakhouse & Wine
Bar. The complex, which boasts over 1.3 million square feet, is anchored
by Belk, Macy’s, Sears, The Grande Cinema, Barnes & Noble Booksellers,
Old Navy, Harris Teeter and REI. Friendly Center is located in
Greensboro, the heart of North Carolina which is enjoying a rise in
upscale downtown living. The area also benefits from seven local
colleges and universities with more than 55,000 college students. For
more information, please visit www.FriendlyCenter.com
About The Mall of Acadiana
The Mall of Acadiana is the premier shopping mall in Lafayette,
Louisiana with almost one million-square feet of leasable area. The
center is anchored by Dillard’s, Macy’s, JCPenney and Sears and features
more than 100 specialty retailers including American Eagle Outfitters,
Banana Republic, Coldwater Creek, Forever 21, Sephora, and Talbots. The
city of Lafayette is strategically located in southern Louisiana along
two major expressways, I-10 and I-49. The area hosts more than one
million tourists each year and ranks high in the nation for percentage
of income spent on retail sales. The Mall of Acadiana serves more than
15 million shoppers annually. Additional information can be found at www.MallofAcadiana.com
About Greenbrier Mall
Greenbrier Mall is an almost 900,000 square foot enclosed, two-level
regional shopping center located in Chesapeake, VA. It is anchored by
Dillard’s, Macy’s, JCPenney and Sears and features more than 120
specialty stores including Aéropostale, American Eagle Outfitters, Bath
& Body Works, Hot Topic, Justice, Lane Bryant, New York & Company, The
Limited, and Victoria’s Secret. Greenbrier Mall is centrally located off
I-64 and serves the densely-populated cities of Chesapeake and Virginia
Beach as well as the northeastern counties of North Carolina and the
Outer Banks. Six major colleges are located within 15 miles of
Greenbrier Mall with annual enrollments of more than 75,000 students.
More information can be found by visiting www.greenbriermall.com.
About CBL & Associates Properties, Inc.
CBL is one of the largest and most active owners and developers of malls
and shopping centers in the United States. CBL owns, holds interests in
or manages 163 properties, including 95 regional malls/open-air centers.
The properties are located in 27 states and total 91.8 million square
feet including 9.4 million square feet of non-owned shopping centers
managed for third parties. Headquartered in Chattanooga, TN, CBL has
regional offices in Boston (Waltham), MA, Dallas (Irving), TX, and St.
Louis, MO. Additional information can be found at cblproperties.com.
Information included herein contains "forward-looking statements"
within the meaning of the federal securities laws.Such
statements are inherently subject to risks and uncertainties, many of
which cannot be predicted with accuracy and some of which might not even
be anticipated.Future events and actual events, financial and
otherwise, may differ materially from the events and results discussed
in the forward-looking statements.The reader is directed to the
Company's various filings with the Securities and Exchange Commission,
including without limitation the Company's Annual Report on Form 10-K
and the "Management's Discussion and Analysis of Financial Condition and
Results of Operations" incorporated by reference therein, for a
discussion of such risks and uncertainties.
CBL & Associates Properties, Inc.
Katie Reinsmidt, 423-490-8301
Vice President - Investor Relations and Corporate Investments
Source: CBL & Associates Properties, Inc.
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