CBL Properties Opens More Than 1 Million Square Feet of New Retail, Dining, Entertainment and Other Uses in 2022 With More in Store For 2023
10 January 2023 - 1:00AM
Business Wire
CBL Properties (NYSE:CBL) today announced that more than 1
million square feet of new retail, dining, entertainment, and other
uses have opened across its portfolio since January.
“2022 was a strong year for CBL, with leasing demand above
pre-pandemic levels, resulting in over a 200-basis point increase
in portfolio occupancy over last year, and traffic and sales
continuing to eclipse pre-pandemic numbers,” said Stephen Lebovitz,
chief executive officer, CBL Properties. “We’ve also celebrated an
exceptional number of new store openings, from boutique retailers
to unique food concepts, new entertainment options and a department
store.”
Openings have included operators like Tilt and Scheels, which
both opened at Dakota Square in Minot, North Dakota, in December;
Main Event at Sunrise Mall in Brownsville, Texas; and fashion
department store, Von Maur, which opened at West Towne Mall in
Madison, Wisconsin, in October. New specialty store openings
include Lovesac, Palmetto Moon, Boxed Lunch, Torrid, Burlap and
Birch and Daily Thread. Several of CBL’s malls saw strong leasing
with multiple new store openings, including Kirkwood Mall in
Bismarck, North Dakota, welcoming 10 new tenants; and Hamilton
Place in Chattanooga, Tennessee, and Westmoreland Mall in
Greensburg, Pennsylvania, each celebrating the openings of five new
tenants.
As we look ahead in 2023, we will celebrate the openings of
Nordstrom Rack at Hamilton Place; Tilt Studios at Kirkwood Mall;
and Main Event at Cross Creek Mall in Fayetteville, North
Carolina.
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/20230109005128/en/
Investor Contact: Katie Reinsmidt, Executive Vice President
& Chief Investment 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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