CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL Properties (NYSE:CBL) announced the first phase of redevelopment
plans at Jefferson Mall in Louisville, Kentucky. The redevelopment will
deliver a new-to-market entertainment venue, Round1 Bowling & Amusement.
Construction on Round1 is currently underway in the former Macy’s
building with an anticipated grand opening prior to holiday 2018.
“The addition of Round1 will position Jefferson Mall as a premier
entertainment destination for our customers in the Louisville market and
will draw visitors from the surrounding region,” said Stephen Lebovitz,
president & CEO, CBL Properties. “CBL has made excellent progress on its
redevelopment program over the last several months, with demand from
many exciting retailers, entertainment users, and restaurant operators.
We are thrilled to move forward with this phase of redevelopment and
welcome this world-class entertainment operator to Jefferson Mall.”
Round1 originated in 1980 and, with the support from fans and customers,
has successfully grown into more than 100 locations in Japan. Its first
overseas expansion targeted the United States as the company opened up
its first U.S. store in Industry, California, in August of 2010. As of
May 2018, Round1 has 21 locations in the United States. Round1 is a
multi-entertainment activity complex company that offers bowling, an
arcade, karaoke, billiards, food and drinks.
“We are excited to open our store in the Jefferson Mall. This will be
the first establishment in the state of Kentucky,” commented Shane Kaji,
Senior Vice President, Round1. “We hope to bring our unparalleled family
entertainment experience to the community and will strive to provide
unforgettable service to all customers.”
Planning is also underway for redevelopment of the Sears building, which
will include a mix of dining, entertainment and retail. More details
will be announced over the coming months.
About CBL Properties
Headquartered in Chattanooga, TN, CBL Properties owns and manages a
national portfolio of market-dominant properties located in dynamic and
growing communities. CBL’s portfolio is comprised of 117 properties
totaling 73.4 million square feet across 26 states, including 75
high-quality enclosed, outlet and open-air retail centers and 11
properties managed for third parties. CBL continuously strengthens its
company and portfolio through active management, aggressive leasing and
profitable reinvestment in its properties. For more information visit cblproperties.com.
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CBL Properties
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 of Public
Relations & Corporate Communications
Stacey.Keating@cblproperties.com
Source: CBL Properties