CBL Properties Sees Strong Demand From New Retail and Non-Traditional Tenants
04 Dezembro 2023 - 11:00AM
Business Wire
Over the last several months, CBL Properties (NYSE:CBL) has
welcomed a number of new retail, service, entertainment and
restaurant concepts to its portfolio with more openings planned for
2024 and beyond.
“We’re having great success diversifying the offerings at our
properties and are seeing strong retail and non-retail leasing
activity across our portfolio,” said Stephen Lebovitz, chief
executive officer, CBL Properties. “Over the last few months, we’ve
welcomed Stars and Strikes to Coastal Grand in Myrtle Beach, South
Carolina and Main Event to Cross Creek Mall in Fayetteville, North
Carolina. In North Dakota, Tilt Studios opened at Dakota Square in
Minot and Kirkwood Mall in Bismarck. Entertainment brands see the
value of locating in our properties as they are the center of the
communities they serve.”
In addition to new entertainment venues, CBL has also welcomed
new restaurants like Bubba’s 33 at Sunrise Mall in Brownsville,
Texas; Bahama Breeze at Cross Creek Mall and Community Pie at
Hamilton Place in Chattanooga, Tennessee. New retail additions
include Warby Parker at Friendly Center in Greensboro, North
Carolina; Rose & Remington at CoolSprings Galleria in
Nashville, Tennessee; Five Below at Kirkwood Mall; Nordstrom Rack
at The Terrace at Hamilton Place in Chattanooga, Tennessee and
Anthropologie at Mayfaire in Wilmington, North Carolina.
Lebovitz added, “As we look ahead to 2024 and beyond, we expect
a busy year of exciting openings.”
Year-to-date through November, CBL has deals executed with three
fitness centers, four entertainment concepts, three hotels, 16
restaurants, four medical uses, including a medical office building
and eight other non-retail tenants. Expected 2024 openings include
Crunch Fitness, Taco Mamacita and Malone’s at Hamilton Place;
Razoo’s Cajun Café at Cross Creek Mall, Planet Fitness at West
Towne Mall, Crunch Fitness at Coastal Grand and Bubba’s 33 at
Valley View Mall in Roanoke, Virginia.
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/20231204612812/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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