CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL & Associates Properties, Inc. (NYSE: CBL), today announced that
construction has commenced on The Crossings at Marshalls Creek, a
103,000-square-foot shopping center development in Stroudsburg (Middle
Smithfield), PA. The shopping center will be anchored by Price Chopper
grocery, Rite Aid, STS Tire and Auto Centers and Family Dollar and will
feature approximately 22,000 square feet of stores and restaurants. The
grand opening is scheduled for June 2013.
“The Crossings at Marshalls Creek will be a great addition to the
Stroudsburg market,” commented Stephen Lebovitz, president and chief
executive officer of CBL & Associates Properties, Inc. “We are pleased
to start construction and look forward to the opening next summer.”
The Crossings at Marshalls Creek will be easily accessible by a
signalized entrance at state Route 209 and Oak Grove Drive (Route 401)
in Middle Smithfield, one of the fastest growing markets in the state.
The development is highly visible on 12.5 acres with traffic counts
estimated at 35,000.
The project will be located just ten miles from CBL’s
420,000-square-foot Stroud Mall. Stroud Mall is the only enclosed
shopping center in the Poconos featuring over 65 specialty stores
including Aéropostale, Bath & Body Works, Garfield’s Restaurant and Pub,
Journeys, Justice, maurices, and Victoria’s Secret. In 2011, a new
12-screen Cinemark theater opened within the mall joining Bon-Ton,
JCPenney and Sears.
Businesses interested in obtaining leasing information about The
Crossings at Marshalls Creek should contact Dan Backer/project manager,
phone 781.398.7110, email: dan_backer@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 interest in
or manages 164 properties, including 95 regional malls/open-air centers.
The properties are located in 28 states and total 93.4 million square
feet including 9.4 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.
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.