CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL & Associates Properties, Inc. (NYSE: CBL) today announced the start
of construction on its newest community center development, Waynesville
Commons, a 127,500-square-foot project in Waynesville, NC. Joining the
existing Wal*Mart, the development will be anchored by an
85,000-square-foot Belk fashion department store, Michaels, and PetSmart
along with 11,000 square feet of specialty stores. Initial site-work is
underway with a grand opening scheduled for October 2012.
“Waynesville Commons will address a strong demand for retail in this
growing market,” said Michael Lebovitz, executive vice president –
development for CBL & Associates Properties, Inc. “We are pleased to
introduce two new great stores to the market with Michaels and PetSmart
as well as welcome the new larger Belk fashion department store. We are
looking forward to celebrating the grand opening next fall.”
Belk will relocate from its current 50,000-square-foot store at Ingles
Market to a new 85,000-square-foot store at Waynesville Commons. The new
store will incorporate the latest in retail design, lighting,
merchandise presentation and décor, and will offer expanded assortments
of leading designer and national brands, exclusive Belk private brands,
and the latest styles of fashion apparel, shoes and accessories for the
whole family, plus top brands of cosmetics and home merchandise.
“We’re pleased to announce the opening of a brand new store at
Waynesville Commons to serve the Waynesville community,” said Bill
Roberts, chair of the Belk Northern Division based in Raleigh. “Our new
location will offer greater convenience for our customers, and the
expanded store size will allow us to offer a much wider selection of
merchandise with more brands and styles that our customers are looking
for. This represents an $8.2 million investment for Belk that will
create an exciting new shopping environment designed especially for our
customers in Waynesville.”
The current Belk store will continue to operate at Ingles Market until
the new store opens next October. Belk expects to add approximately 12
full-time and 10 part-time associates to work at the expanded store.
Belk has served the Waynesville community since 1938 and has operated
its store at Ingles Market since 1990. Waynesville Commons will be
located on a 13-acre site located at the intersection of Interstate 74
and Hyatt Creek Road in Waynesville, NC.
Contact Information
For leasing information for Waynesville Commons, please contact Lewis
Hilton by telephone at 423.490.8354 or by email at lewis_hilton@cblproperties.com.
About Belk, Inc.
Charlotte, N.C.-based Belk, Inc. (www.belk.com)
is the nation’s largest privately owned mainline department store
company with 303 Belk stores located in 16 Southern states. The company
was founded in 1888 by William Henry Belk in Monroe, N.C., and is in the
third generation of Belk family leadership. Its belk.com Web site offers
a wide assortment of fashion apparel, shoes and accessories for the
entire family along with top name cosmetics, a wedding registry and a
large selection of quality merchandise for the home. To connect with
Belk via Facebook, Twitter, blog, mobile phone text messages or by
email, go to: Belk
Get Connected.
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 85.3 million square
feet including 3.6 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