CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL & Associates Properties, Inc. (NYSE: CBL) today kicked-off the
official grand celebration for Pearland Town Center, the
1.2-million-square-foot mixed-use center in Houston (Pearland), TX.
CBL executives, along with City of Pearland Mayor Tom Reid, and other
key dignitaries were in attendance at the official ribbon-cutting
ceremony to celebrate the opening of the area's newest and most unique
shopping, dining and entertainment destination. Pearland Town Center
opened more than 85% leased and committed and over 70% occupied.
Visitors can enjoy shopping or dining at the more than 60 stores
and restaurants open today. The wide selection includes Macy's and
Barnes & Noble as well as fashion retailers Jos. A. Banks, American
Eagle Outfitters, Charlotte Russe, Vans, Hollister, Chico's, Ann
Taylor LOFT, Coldwater Creek, Victoria's Secret, and Brooks Brothers
Country Club as well as restaurants including Fish City Grill and
B.J.'s Brewhouse.
"We are pleased to make a positive contribution to Pearland and
the entire Houston market with the opening of Pearland Town Center,"
said Stephen Lebovitz, president of CBL & Associates Properties, Inc.
"Pearland Town Center is a destination like no other. World-class
shopping, dining, residencies, and offices all located in a fresh and
inviting outdoor setting creates the perfect place to shop, dine,
live, work, and play."
Lebovitz added, "Pearland Town Center has set a new standard in
the shopping center industry with its remarkable opening at 85% leased
and committed. This level of leasing speaks to the growth and vitality
of the market as well as to the long-term vision for the center. This
strong momentum will continue to build throughout the year with
Dillard's as well as additional stores and restaurants opening in
October."
City of Pearland Mayor Tom Reid commented on the grand opening,
"We are excited to celebrate the much anticipated opening of Pearland
Town Center. We are confident this center will become a landmark
destination for the greater Houston area. CBL has done an outstanding
job of delivering a first-class shopping center as well as providing
attractive new living and working options for the city. Pearland Town
Center is a wonderful addition to our growing city and will make a
major positive contribution to the area."
The grand celebration kicked off this morning with a ribbon
cutting ceremony at 9:45 a.m. CDT. The festivities will continue
during the five-day celebration through Sunday, August 3rd with
events, activities for children, performances and exhibitions.
About Pearland Town Center
Pearland Town Center offers premium retail, residential, office
and hotel space in an open-air, pedestrian-friendly environment. The
center features a 718,000-square-foot open-air lifestyle center
anchored by fashion department stores Macy's and Dillard's (opening in
October). Pearland Town Center also features a wide selection of
retailers and restaurants including Barnes & Noble, Forever 21, New
York & Co., Pac Sun, Red Robin, Mimis Cafe and more. A 110-room,
four-story Courtyard by Marriott hotel is located above the center's
retail shops near Macy's. In addition, Pearland Town Center offers
office and multi-family residential space above the retail, a 25-acre
lake, and miles of walking paths and parks, creating a truly urban
experience.
About The Residences at Pearland Town Center
The Residences at Pearland Town Center will locate within the
Pearland Town Center complex in two freestanding, four-story buildings
with additional apartment units located above the retail shops
(available now). The Residences will feature one bedroom garden
apartments and two-bedroom loft units. The units will incorporate the
latest in modern design elements and fixtures including granite
countertops, 20-foot ceilings, stainless steel appliances, pendant
lighting, in-unit washer and dryer, ceiling fans and more. Private
balconies will offer views of downtown Houston and Pearland's verdant
park-like setting. Residents will have convenient access to Pearland
Town Center's world-class selection of retail shops and restaurants as
well as the miles of beautifully landscaped walking paths and a
25-acre lake. Residents will also enjoy close proximity to the park
and pavilion area of Pearland Town Center, with its interactive water
feature and a regular schedule of concerts and community events.
Additional amenities include dedicated parking, pool, fitness center,
clubhouse and much more.
The Pearland Town Center Experience
Living and working, shopping and leisure, Pearland Town Center is
a signature open-air, mixed-use destination providing a distinctly
different lifestyle and shopping experience. The destination features
unique design elements and architecture influenced by Pearland's
heritage. Canopies, trellises, awnings and colonnades frame the facade
of the storefronts. Pearland Town Center's warm and inviting
pedestrian environment is highlighted by tree-lined boulevards,
convenient curbside parking, beautiful landscaping, an interactive
water feature, an events pavilion and walking paths creating a sense
of place and a distinct area to gather.
Conveniently located at FM 518 and Highway 288, Pearland Town
Center is situated on 147 acres of premium retail space within the
greater Houston metropolitan corridor. The addition of residential
units and office space to this mixed-use development create new living
and working options for this growing city. The community will also
benefit from the shopping, dining, living and entertainment
destination through the creation of an estimated 1,500 jobs and
approximately $250 million in sales annually. For more information on
Pearland Town Center, visit: pearlandtowncenter.com.
EMJ Corporation of Chattanooga, TN is the general contractor for
Pearland Town Center. Omniplan of Dallas, TX is the architect.
Persons interested in learning more about leasing space should contact
the following representatives:
Leasing:
Jeanna Webb Leasing Manager (214) 596-1195
jeanna_webb@cblproperties.com
Justice Wade Senior Director (423) 553-8738
Development Leasing
justice_wade@cblproperties.com
Development:
Michael Lebovitz Chief Development Officer (423) 490-8323
michael_lebovitz@cblproperties.com
Ken Wittler Senior Project Manager (423) 490-8385
ken_wittler@cblproperties.com
Outparcels:
Rusty Phillips Vice President (423) 490-8250
Peripheral Property
rusty_phillips@cblproperties.com
Available restaurant
space:
Bryant Siragusa National Director of Mall (423) 553-8790
Restaurants and
Entertainment
bryant_siragusa@cblproperties.com About CBL & Associates Properties, Inc.
CBL is one of the largest and most active owners and developers of
malls and shopping centers in the United States. CBL owns, holds
interests in or manages 157 properties, including 86 regional
malls/open-air centers. The properties are located in 27 states and
total 83.5 million square feet including 2.2 million square feet of
non-owned shopping centers managed for third parties. CBL currently
has thirteen projects under construction totaling 3.8 million square
feet including The Pavilion at Port Orange, Port Orange, FL; Settlers
Ridge in Pittsburgh, PA; Hammock Landing in West Melbourne, FL; The
Promenade in D'Iberville, MS; two lifestyle/associated centers, six
expansions/redevelopments and one community center. Headquartered in
Chattanooga, TN, CBL has regional offices in Boston (Waltham), MA,
Dallas, TX, and St. Louis, MO. Additional information can be found at
cblproperties.com.
Information included herein contains "forward-looking statements"
within the meaning of the federal securities laws. Such statements are
inherently subject to risks and uncertainties, many of which cannot be
predicted with accuracy and some of which might not even be
anticipated. Future events and actual events, financial and otherwise,
may differ materially from the events and results discussed in the
forward-looking statements. The reader is directed to the Company's
various filings with the Securities and Exchange Commission, including
without limitation the Company's Annual Report on Form 10-K and the
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" incorporated by reference therein, for a
discussion of such risks and uncertainties.
Source: CBL & Associates Properties, Inc.
Contact: CBL & Associates Properties, Inc.
Katie Reinsmidt
Director of Corporate Communications
and Investor Relations
423-490-8301
katie_reinsmidt@cblproperties.com