CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL & Associates Properties, Inc. (NYSE:CBL) today announced that in
2012 it will complete multi-million dollar renovations at four
market-dominant CBL Malls, with projects scheduled for Cross Creek Mall
in Fayetteville, NC; Post Oak Mall in College Station, TX; Turtle Creek
Mall in Hattiesburg, MS; and Mall del Norte in Laredo, TX. CBL
continually reinvests in its portfolio of dominant regional malls,
enhancing their appeal to both retailers and shoppers. The renovations
are expected to be completed by the end of 2012.
“We have always believed that it is important to invest in the ongoing
success of our properties and are pleased to continue that commitment
with our 2012 renovation program,” said Stephen Lebovitz, president and
CEO. “These enhancements insure that each mall remains a top shopping
destination, attracting great new retail and restaurant names.”
Cross Creek Mall will receive contemporary design improvements including
updated entrances, paint, new interior décor and graphics, upgraded
restrooms and amenities, and new landscaping. The renovation work at
Mall del Norte will complete a series of upgrades started in 2007.
Turtle Creek Mall’s renovation will include new carpet and tile
throughout, paint, lighting and restroom upgrades, as well as
landscaping improvements. The renovation at Post Oak Mall will involve
modern updates including new flooring and paint as well as all new
amenities such as soft seating areas and décor, updated entrances, and
lighting. In addition, the food courts at Cross Creek Mall, Turtle Creek
Mall and Post Oak Mall will receive completely new designs, including
new tables and chairs.
About Cross Creek Mall
Cross Creek Mall is a more than 1.0 million-square-foot enclosed
super-regional mall located in Fayetteville, NC. The center is anchored
by Belk, JCPenney, Macy’s and Sears and features more than 150 specialty
retailers and restaurants including ALDO Shoes, The Buckle, Crazy 8,
Express, Foot Locker, Forever 21, Jason’s Deli, New York & Company, Red
Robin Gourmet Burgers, and Victoria’s Secret. Located in Cumberland
County within 15 minutes of downtown Fayetteville, Cross Creek Mall is
strategically located at the intersection of Morganton Road, Skibo Road,
and All-American Expressway, between I-95 and Fort Bragg. Fayetteville
is home to Fort Bragg U.S. Army installation which supports more than
60,000 active duty personnel. The total economic impact of the military
presence in Fayetteville is more than $9.5 billion a year. As a result
of the Base Realignment and Closure Commission (BRAC) recommendations,
Fayetteville has recently transformed into a four star installation.
Cross Creek Mall is the only super regional mall within a 60-mile
radius. More information can be found by visiting www.crosscreekmall.com.
About Mall del Norte
Mall del Norte is the upscale regional shopping destination for south
Texas and the affluent citizens of Mexico with its closest competition
more than 143 miles away. Located in Webb County, Laredo lies on the
Mexican border pulling from a tremendous population base of 5.2 million
residents of the Mexican cities of Nuevo Laredo, Monterrey and Saltillo.
Located at I-35, Mann Road and Hillside Road, Mall del Norte is anchored
by Bealls, Dillard’s, Macy’s, Forever 21, JCPenney, Joe Brand, Sears and
Cinemark 16 Theatre. The center has more than 160 specialty retailers
including ALDO, bebe, Charlotte Russe, Coach, Deutsch & Deutsch, Guess?,
Joe Brand, Papaya and Zumiez. For more information, visit www.malldelnorte.com.
About Post Oak Mall
Post Oak Mall is a 775,000-square-foot enclosed regional mall anchored
by Bealls, Dillard’s for Women and Children, Dillard’s for Men and Home,
JCPenney, Macy’s, and Sears. It is the only super regional shopping
center within a 75-mile radius and features more than 120 specialty
stores and restaurants including Aéropostale, American Eagle Outfitters,
BJ’s Restaurant & Brewhouse, The Buckle, Charlotte Russe, Chuy’s Mexican
Food, Encore Shoes, Forever 21, Fossil, Gymboree, Hollister Co., New
York & Company and Vans. College Station is home to Texas A&M, one of
the nation’s ten largest universities with an enrollment of 50,000
students and approximately 21,000 faculty and staff. More information on
Post Oak Mall can be found by visiting www.postoakmall.com
About Turtle Creek Mall
Turtle Creek Mall is an 843,000-square-foot enclosed regional mall with
anchors Dillard’s, JCPenney, Belk, Stein Mart, and Sears. It serves as
the dominant regional shopping center in southern Mississippi, drawing
from a radius of more than 45 miles. The center is easily accessed from
I-59 and U.S. Highways 49 and 98. Turtle Creek Mall is home to 90
specialty shops including Aéropostale, American Eagle Outfitters, Bath &
Body Works, The Buckle, Charlotte Russe, Forever 21, Gymboree, Hollister
Co., Journeys, Justice, New York & Company and Victoria’s Secret. More
information can be found by visiting www.turtlecreekmall.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 159 properties, including 87 regional malls/open-air centers.
The properties are located in 26 states and total 86.3 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.
CBL & Associates Properties, Inc.
Katie Reinsmidt, 423-490-8301
Vice
President - Corporate Communications and Investor Relations
katie_reinsmidt@cblproperties.com
Source: CBL & Associates Properties, Inc.