CBL Properties Announces First Component of Sears Redevelopment Project at Hamilton Place in Chattanooga, Tennessee
17 July 2018 - 11:45PM
Business Wire
CBL Properties (NYSE:CBL) today announced that The Cheesecake
Factory® is coming to Hamilton Place in Chattanooga, Tennessee, as
the first key component of the Sears redevelopment project.
Construction on The Cheesecake Factory is underway with an
anticipated grand opening in late 2018.
“The Cheesecake Factory is one of the most successful and highly
sought after restaurants in the country. We are thrilled to be able
to bring this dining experience to the Chattanooga market later
this year,” said Stephen Lebovitz, chief executive officer, CBL
Properties. “The Cheesecake Factory is the first piece of our
comprehensive redevelopment plan for the Sears building and
surrounding area at Hamilton Place, and we look forward to making
additional announcements in the coming months.”
“Since opening our first restaurant in Beverly Hills 40 years
ago, The Cheesecake Factory has become known for creating
delicious, memorable experiences for millions of guests around the
country, and we are so pleased to be opening our first restaurant
in Chattanooga,” said David Overton, Founder, Chairman and Chief
Executive Officer of The Cheesecake Factory Incorporated. “We look
forward to opening in Hamilton Place later this year.”
The Cheesecake Factory will locate on a new parcel created on
the I-75 side of the Sears parking lot. CBL is working to solidify
redevelopment plans for the Sears store, which continues to operate
at Hamilton Place.
About CBL PropertiesHeadquartered in Chattanooga, TN, CBL
Properties owns and manages a national portfolio of market-dominant
properties located in dynamic and growing communities. CBL’s
portfolio is comprised of 117 properties totaling 73.4 million
square feet across 26 states, including 75 high-quality enclosed,
outlet and open-air retail centers and 11 properties managed for
third parties. CBL continuously strengthens its company and
portfolio through active management, aggressive leasing and
profitable reinvestment in its properties. For more information,
visit cblproperties.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180717005631/en/
CBL PropertiesInvestor Contact:Katie Reinsmidt,
423-490-8301Executive Vice President & Chief Investment
OfficerKatie.Reinsmidt@cblproperties.comorMedia Contact:Stacey
Keating, 423-490-8361Director of Public Relations & Corporate
CommunicationsStacey.Keating@cblproperties.com
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