Press Release

CBL Properties Announces Addition of Dave & Buster’s at Hanes Mall in Winston-Salem, North Carolina

Company Release - 6/28/2018 1:30 PM ET

CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE:CBL) today announced the addition of new-to-market entertainment operator, Dave & Buster’s, at Hanes Mall in Winston-Salem, North Carolina. Construction is currently underway on the lower level near Sears with an anticipated grand opening in 2019.

“We are thrilled to announce the addition of Dave & Buster’s to Hanes Mall,” said Stephen Lebovitz, Chief Executive Officer of CBL Properties. “Dave & Buster’s will provide Winston-Salem and the surrounding communities with a premier entertainment destination for the entire family, featuring a variety of arcade-style games, a state-of-the art sports-viewing experience as well as an extensive food and beverage menu.”

Lebovitz added, “This redevelopment is a great example of CBL’s significant progress in diversifying our properties’ offerings and delivering new drivers of increased traffic and sales.”

The new Dave & Buster’s location will bring more than 30,000 square feet of entertainment, including chef-crafted food, innovative cocktails, hundreds of the latest arcade games and a D&B Sports Bar filled with dozens of HDTVs.

About Dave & Buster’s

Dave & Buster’s Entertainment, Inc. (NASDAQ: PLAY), headquartered in Dallas, TX, operates 115 high-volume restaurant/entertainment complexes throughout North America. The exciting environment of Dave & Buster’s also provides the perfect setting for corporate and group events. Each Dave & Buster’s offers an impressive selection of high-quality food and beverage items, combined with the latest games and attractions. Guests can watch sporting events in the D&B Sports Bar and play state-of-the-art simulators and games of skill they can’t play anywhere else. For more information, visit daveandbusters.com.

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 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.

CBL Properties
Investor Contact:
Katie Reinsmidt, 423-490-8301
Executive Vice President & Chief Investment Officer
Katie.Reinsmidt@cblproperties.com
or
Media Contact:
Stacey Keating, 423-490-8361
Director of Public Relations & Corporate Communications
Stacey.Keating@cblproperties.com

Source: CBL Properties