CBL Announces Anchor Redevelopment Plans
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL & Associates Properties, Inc. (NYSE: CBL), today announced The
Cheesecake Factory® and H&M are coming to Fayette Mall in
Lexington, KY, as part of the redevelopment of the former Sears
location. Designed to significantly enhance the offerings at the
shopping center, the plans include redeveloping the former Sears store
and expanding the mall entrance to create 115,000-square-feet of new
retail space for a mix of fashion stores, home furnishings and fine
dining options in the heart of the shopping center. The Cheesecake
Factory and H&M are the first of many premier stores to be announced as
part of the redevelopment, which has begun construction and is expected
to be completed this fall.
“We are excited to bring both The Cheesecake Factory and H&M to
Lexington to further solidify Fayette Mall’s status as one of the
premier shopping destinations in Lexington and the region,” said Stephen
Lebovitz, president and chief executive officer, CBL & Associates
Properties, Inc. “The Cheesecake Factory will provide the Lexington area
a quality dining experience they won’t soon forget. Additionally, H&M is
an international fashion leader that will bring its fashion-forward
styles for men and women to Fayette Mall.”
“For more than 35 years, The Cheesecake Factory has been known for
creating delicious, memorable experiences for millions of guests around
the country, and we’re excited about coming to Lexington,” said David
Overton, Founder, Chairman and Chief Executive Officer of The Cheesecake
Factory Incorporated. “We look forward to opening our doors at Fayette
Mall later this year.”
H&M will open a two-level, 23,000-square-foot store adjacent to the new
mall entrance. Additional stores and restaurants that are coming to
Fayette Mall include Brighton, Clarks footwear, Jos. A. Bank, Michael
Kors and Newk's Eatery, with more top retailers to be announced as the
project progresses.
Fayette Mall is a 1.4 million square-foot super regional shopping center
featuring more than 150 specialty stores and eateries and is anchored by
Dillard’s, Macy’s, JCPenney and Dick’s Sporting Goods. Recent additions
to the mall include Forever 21, francesca’s, J.Jill, and Pandora. For
more information visit ShopFayette-Mall.com
or facebook.com/FayetteMall.
Businesses interested in obtaining leasing information about Fayette
Mall should contact Travis Farren, Regional Director of Leasing, by
telephone at 423.490.8360 or by email: travis_farren@cblproperties.com.
About The Cheesecake Factory
The Cheesecake Factory Incorporated created the upscale casual dining
segment in 1978 with the introduction of its namesake concept. The
Company operates 181 full-service, casual dining restaurants throughout
the U.S. and Puerto Rico, including 169 restaurants under The Cheesecake
Factory® mark; 11 restaurants under the Grand Lux Cafe® mark; and one
restaurant under the RockSugar Pan Asian Kitchen® mark. Internationally,
four The Cheesecake Factory restaurants operate under a licensing
agreement. The Company also operates two bakery production facilities in
Calabasas Hills, CA and Rocky Mount, NC that produce over 70 varieties
of quality cheesecakes and other baked products. In 2014, the Company
was named to Fortune magazine’s “100 Best Companies to Work For” list.
To learn more about the Company, visit www.thecheesecakefactory.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 150 properties, including 91 regional malls/open-air centers.
The properties are located in 29 states and total 86.1 million square
feet including 5.6 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.
Dan Summerlin, 423-490-8315
Director
of Corporate Relations
dan_summerlin@cblproperties.com
or
Fayette
Mall contact:
Sandy Heymann, 859-272-3495
Regional Director of
Marketing
sandra_heymann@cblproperties.com
or
The
Cheesecake Factory contact:
Murphy Obrien Public Relations
Susan
Pasarow, 818-871-3038
or
Anna Whitlow, 818-871-3038
or
Jenny
Burke, 818-871-3038
or
Suzanne Davis, 818-871-3038
cheesecake@murphyobrien.com
Source: CBL & Associates Properties, Inc.