CHATTANOOGA, Tenn. & NORTON SHORES, Mich.--(BUSINESS WIRE)--
CBL & Associates Properties, Inc. (NYSE: CBL) and Horizon Group
Properties, Inc. (OTC: HGPI) announced today that construction has begun
on the second phase of The Outlet Shoppes of the Bluegrass, near
Louisville, KY. The 53,400-square-foot expansion is scheduled to open
this November and will bring eight more popular retailers to the center
including H&M, Abercrombie & Fitch, The Limited Outlet, and Johnny
Rockets. The outlet shopping center, located off Interstate 64 between
Louisville and Lexington, opened July 31, 2014. Phase II will be located
at the north side of the center and will have excellent visibility from
I-64.
“The Outlet Shoppes of the Bluegrass has been successful since its
opening last July due to the collection of retailers and the ideal
location,” said Michael Lebovitz, executive vice president – development
and administration for CBL. “This expansion allows us to add even more
great retailers to the mix.”
“The expansion of The Outlet Shoppes of the Bluegrass less than nine
months after its original opening speaks volumes about the strength of
the market and success of the outlet concept in Kentucky,” said Gary J.
Skoien, chief executive officer of Horizon Group Properties.
Completion of phase II is scheduled prior to the 2015 holiday season.
About The Outlet Shoppes of the Bluegrass
The Outlet Shoppes of the Bluegrass is Kentucky’s only Outlet Center and
the regions premier shopping experience for factory store retail. Itfeatures
over 90 famous name brand stores including Nike, Coach, Tumi, Michael
Kors, Gucci, Saks Fifth Avenue OFF 5TH, GAP, Oakley,
Carter’s, Oshkosh, Kate Spade and many more. The Outlet Shoppes of the
Bluegrass is located at I-64 at exit 28.
The Outlet Shoppes of the Bluegrass is a joint venture of CBL &
Associates Properties, Inc. and Horizon Group Properties, Inc. Horizon
and CBL are co-developers of the project; Horizon is responsible for
leasing and managing the center.
About Horizon Group Properties, Inc.
Based in Norton Shores, Michigan, with executive offices in Rosemont,
Illinois, Horizon Group Properties, Inc. is an owner and developer of
factory outlet shopping centers and is the developer of a master planned
community in suburban Chicago. For more information, please visit www.horizongroup.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 148 properties, including 89 regional malls/open-air centers.
The properties are located in 30 states and total 84.2 million square
feet including 6.5 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
Horizon
Group Properties, Inc.
Gina Slechta, SCMD, 402-991-0875
Vice
President of Marketing
marketing@horizongroup.com
Source: CBL & Associates Properties, Inc.