CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL & Associates Properties, Inc. (NYSE: CBL), today announced the start
of construction on phase II of The Forum at Grandview, a community
center in Madison, MS. The 83,000-square-foot second phase will include
anchors ULTA, Homegoods, PETCO and a national arts and crafts retailer
along with 14,000-square-feet of specialty stores. The opening of phase
II is scheduled for summer 2012.
Corner Bakery, a fast-casual restaurant serving breakfast, lunch and
dinner, is also under construction on the periphery of the property with
an opening date scheduled for December. The 110,000-square-foot phase I
opened 100% leased in fall 2010 anchored by Best Buy, Dick’s Sporting
Goods and Stein Mart.
Commenting on the opening Justice Wade Vice President - Development
Leasing and Peripheral Property for CBL & Associates Properties, Inc.,
said, “The Forum at Grandview has received a positive reception from the
market, becoming a favored destination for area shoppers. We are excited
to continue to expand its great offerings through the addition of Phase
II, opening next summer.”
The Forum at Grandview is situated on 54 acres along I-55 (Exit 108)
adjacent to Malco Grandview Theater and Miskelly Furniture. The
surrounding trade area has been largely underserved by retail on this
north/south corridor between Jackson, MS and Memphis, TN.
Andrew Mattiace, President and Founder of The Mattiace Company said,
“The development of Madison Grandview has created Mississippi’s finest
retail destination corridor. Madison, Mississippi, has an outstanding,
affluent residential population and diverse, growing businesses in the
trade area such as Nissan, Madison River Oaks Hospital and Tulane
University satellite campus.”
The project is a joint venture of CBL and The Mattiace Company with CBL
responsible for development and leasing.
Persons interested in learning more about leasing space should contact
the following representatives:
Specialty Shops:
Lewis Hilton
Senior Leasing Manager –
Development Leasing
423-490-8354
Lewis_Hilton@CBLProperties.com
Peripheral Property:
Robert Snetman
Senior Director,
Peripheral Property
423-490-8333
Robert_Snetman@CBLProperties.com
About The Mattiace Company
Mattiace Properties has been headquartered in Jackson, MS for almost 30
years and has developed approximately 2 million square feet of retail
and office in the Jackson Metropolitan Area. Mattiace owns and operates
retail and mixed use properties in Mississippi, Tennessee and Louisiana.
Additional information can be found at www.mattiace.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 158 properties, including 85 regional malls/open-air centers.
The properties are located in 27 states and total 85.2 million square
feet including 3.4 million square feet of non-owned shopping centers
managed for third parties. Headquartered in Chattanooga, TN, CBL has
regional offices in Boston (Waltham), MA, Dallas (Irving), TX, and St.
Louis, MO. Additional information can be found at cblproperties.com.
Source: CBL & Associates Properties, Inc.
Contact:
CBL & Associates Properties, Inc.
Katie Reinsmidt, 423-490-8301
Vice
President -Corporate Communications and Investor Relations
katie_reinsmidt@cblproperties.com