CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL & Associates Properties, Inc. (NYSE: CBL) today announced that
Burlington Coat Factory, a national off-price retailer, will locate
their first and only store in Chattanooga, TN at Northgate Mall. The new
63,000-square-foot store will be situated between Sears and JC Penney
with entrances on the main mall as well as to the east parking lot.
Several stores will be relocated to accommodate the redevelopment.
Construction is expected to begin in January with a grand opening
scheduled for October 2014.
CBL’s President and Chief Executive Officer, Stephen Lebovitz,
commented, “Since acquiring Northgate Mall in late 2011, we have been
executing on our plans to revitalize the center and create a shopping
destination that the Hixson community and the entire Chattanooga market
will enjoy. We are pleased to take this next step forward with this
latest announcement. The addition of Burlington to the center will not
only enhance Northgate Mall by delivering the first store in the market
for a great retail name, but also demonstrates our commitment to
investing in the mall’s continued growth.”
CBL is also currently underway with a number of improvements to the
Northgate Mall complex, including a multi-million dollar renovation of
the mall. The renovation includes enhancements to the interior and
exterior of Northgate Mall. The main entrance is receiving updates and
portions of the parking lot are being repaved. Remodeling inside the
mall includes new soft seating areas, new flooring as well as ceiling
and lighting upgrades. The renovation will be completed this fall. A new
Old Navy store is under construction next to the southwest mall
entrance, with an opening anticipated in January 2014. In addition, the
redevelopment of Northgate Mall’s associated center, located across the
parking field from the mall, is nearing completion. T.J.Maxx received a
new façade, Michaels celebrated their grand opening in early September
and the grand opening of Ross Dress for Less is expected in the fall.
For leasing information please contact Jason Shelton by telephone at
423.490.8242 or by email at Jason_shelton@cblproperties.com.
About Burlington
Burlington is a national retailer offering style for less with up to 65
percent off department store prices every day. Departments include
ladies’ dresses, suits, sportswear, juniors, accessories, menswear,
family footwear and children’s clothing. It also includes an assortment
of furniture and accessories for baby at Baby Depot, home décor and
gifts, along with the largest selection of coats in the nation for the
entire family. Burlington has more than 500 stores in 44 States and
Puerto Rico. For more, visit www.BurlingtonCoatFactory.com.
About Northgate Mall
Northgate Mall is an 823,000-square-foot enclosed regional mall located
on Highway 153 and Hixson Pike/State Route 319 in CBL’s hometown of
Chattanooga, Tennessee. Chattanooga has been experiencing tremendous
growth with several major new employers entering the area, including
North America’s only Volkswagen manufacturing plant. Northgate Mall is
anchored by Belk, JC Penney and Sears and offers 60 specialty shops and
restaurants. The property also features a freestanding 14-screen
state-of-the-art Carmike Cinema and a 70,000-square-foot community
center occupied by T.J.Maxx with Michaels and opening this fall, Ross
Dress for Less. The property was originally developed in 1972 by Arlen
Shopping Center Group (“Arlen”) under the direction of Charles B.
Lebovitz. In 1978, Lebovitz and five associates left Arlen to form CBL &
Associates.
CBL also owns and manages Hamilton Place Mall, a 1.3-million-square-foot
dominant super-regional enclosed mall as well as five associated centers
and two office buildings, including its headquarters, in the Chattanooga
market.
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 154 properties, including 93 regional malls/open-air centers.
The properties are located in 31 states and total 89.3 million square
feet including 9.3 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
Senior
Vice President - Investor Relations and Corporate Investments
katie_reinsmidt@cblproperties.com
Source: CBL & Associates Properties, Inc.