CBL Properties Celebrates Multiple New Store Openings; Sees Sustained Tenant Demand and a Strong Redevelopment Project Pipeline
18 Julio 2023 - 8:00AM
Business Wire
CBL Properties (NYSE:CBL) today announced that during the first
half of 2023 the Company celebrated multiple new store openings as
a result of sustained tenant demand at its properties and its
active redevelopment pipeline.
Year-to-date in 2023, CBL has welcomed several new stores across
its portfolio. Notable additions include Warby Parker and American
Eagle at Friendly Center in Greensboro, North Carolina; Box Lunch
at Parkway Place in Huntsville, Alabama; six new Daily Thread store
locations; and two new spa and wellness offerings: Sugaring NYC at
CoolSprings Crossing in Nashville, Tennessee, and Face Foundrie at
Kirkwood Mall in Bismarck, North Dakota. In addition, CBL signed
new leases with Anthropologie, Athleta, Offline by Aerie, Kate
Spade, Palmetto Moon, Five Below, J. Crew Factory, and Windsor, all
of which will open in the CBL portfolio in the coming months. CBL
has also signed a number of leases with non-retail uses like
Coastal Golf Academy and Pure Barre, as well as restaurants like
Stacked by Pancake Pantry and La Vallarta Sports Bar.
“I am pleased with the success of our leasing efforts given the
caliber of tenants that opened across our portfolio in the first
half of 2023,” said Stephen Lebovitz, chief executive officer, CBL
Properties. “We’re continuing to experience demand from a wide
array of tenants, which will add value and enhance the customer
experience at CBL’s properties.”
This year, CBL has celebrated the completion of four
redevelopment projects, bringing new in-demand tenants to its
properties. In Minot, North Dakota, at Dakota Square, Tilt replaced
a former Scheel’s, which had previously expanded and relocated
within the center. Additionally, the redevelopment of the former
Herberger’s building made way for the addition of Five Below at
Kirkwood Mall in Bismarck, North Dakota. Burlington opened in a
former Bed, Bath & Beyond location in York, Pennsylvania. At
The Terrace at Hamilton Place in Chattanooga, Tennessee, Nordstrom
Rack replaced the former Staples, opening in May.
Lebovitz added, “We are making ongoing progress in upgrading our
portfolio through strategic redevelopment projects that diversify
the mix of uses, add density, and position our properties for
future growth.”
In 2023, CBL has a number of projects underway including Tilt
opening in the former Herberger’s location at Kirkwood Mall in
Bismarck, North Dakota, and the recently announced Crunch Fitness
joining Hamilton Place in the former Sears location. CBL also has
three projects underway by third parties that will add new
restaurants, entertainment, a hotel, and other uses to our
portfolio.
About CBL Properties
Headquartered in Chattanooga, TN, CBL Properties owns and
manages a national portfolio of market-dominant properties located
in dynamic and growing communities. CBL’s owned and managed
portfolio is comprised of 94 properties totaling 58.5 million
square feet across 22 states, including 56 high-quality enclosed
malls, outlet centers and lifestyle retail centers as well as more
than 30 open-air centers and other assets. CBL seeks to
continuously strengthen its company and portfolio through active
management, aggressive leasing and profitable reinvestment in its
properties. For more information visit cblproperties.com.
CBL_Corp
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version on businesswire.com: https://www.businesswire.com/news/home/20230718653109/en/
Investor Contact: Katie Reinsmidt, Executive Vice President
& Chief Operating Officer, 423.490.8301,
Katie.Reinsmidt@cblproperties.com Media Contact: Stacey Keating,
Vice President– Corporate Communications, 423.490.8361,
Stacey.Keating@cblproperties.com
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