CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL & Associates Properties, Inc. (NYSE:CBL) and Horizon Group
Properties today celebrated the official grand opening of The Outlet
Shoppes at Laredo in Laredo, Texas. The 358,000-square-foot center
features some of the best names in outlet shopping in an innovative,
colorful two-level environment. The center held a Spring Preview in
mid-March, which highlighted the opening of over 50 tenants. Traffic and
sales during the preview weekend were excellent and retailers have
reported strong sales in the weeks since.
“The Outlet Shoppes at Laredo is off to a great start, and we are
thrilled to celebrate the official grand opening with a festive weekend
full of activities and great offers,” said Stephen Lebovitz, president
and chief executive officer, CBL & Associates Properties, Inc. “CBL has
a strong presence in Laredo as the owner of Mall del Norte, and we are
excited to expand our footprint in this dynamic and growing market.”
Grand Opening celebrations began on April 5th, with a private
event benefitting the Bethany House of Laredo, a local non-profit
organization, and culminated with an extravagant fireworks show on the
banks of the Rio Grande. The celebration continued today with an
official ribbon cutting ceremony that included officials from CBL,
Horizon Group Properties, the City of Laredo, and Webb County and
featured the Dallas Cowboys Cheerleaders. Additional activities are
planned throughout the weekend.
“We are thrilled with the incredibly strong Spring Preview opening at
The Outlet Shoppes at Laredo,” said Gary J Skoien, president and chief
executive officer, Horizon Group Properties, Inc. “We always knew the
center would be strong with its position close to the major bridges to
Mexico and its proximity to Monterrey, but we never anticipated the
volume of shoppers we experienced our first weekend. We look forward to
continued success with welcoming shoppers from Laredo, Nuevo Laredo,
Monterrey and other points in Mexico.”
Nike, A’GACI, Michael Kors, Vera Bradley, Puma, Columbia, and Sunglass
Hut were among the tenants that opened during the Spring Preview event
in March. Additional tenants, including Banana Republic, GAP, H&M and
Old Navy, will all open their doors by this summer. For a complete list
of the retailers featured at The Outlet Shoppes at Laredo, visit TheOutletShoppesatLaredo.com.
About Horizon Group Properties
Based in Rosemont, IL, Horizon Group Properties, Inc. (OTC:HGPI.PK) is
an owner and developer of outlet shopping centers in eight states,
developer of a master planned community in suburban Chicago, and owner
and developer of Horizon Village Outlets, a 400,000-square-foot outlet
shopping center in Kuala Lumpur, Malaysia. Additional information can be
found at www.horizongroup.com.
About CBL & Associates Properties, Inc.
Headquartered in Chattanooga, TN, 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 127 properties,
including 83 regional malls/open-air centers. The properties are located
in 27 states and total 78.5 million square feet including 6.6 million
square feet of non-owned shopping centers managed for third parties.
Additional information can be found at cblproperties.com.
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CBL & Associates Properties, Inc.
Investor Contact:
Katie
Reinsmidt, 423-490-8301
Executive Vice President – Chief Investment
Officer
Katie.Reinsmidt@cblproperties.com
or
Media
Contact:
Stacey Keating, 423-490-8361
Director – Public
Relations & Corporate Communications
Stacey.Keating@cblproperties.com
or
Horizon
Group Properties Contact:
Connie Dyer, 312-320-6818
SVP –
Marketing
Cdyer@horizongroup.com
Source: CBL & Associates Properties, Inc.