CBL Announces Exciting Redevelopment Plans For Former Department Store
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL Properties (NYSE:CBL) today confirmed details of its transformation
plan for Eastland Mall in Bloomington, IL. Global fashion retailer H&M
and popular fitness center Planet Fitness will join the center as part
of the redevelopment of the former JCPenney store. In addition to H&M
and Planet Fitness, Outback Steakhouse is also slated to join the
line-up at Eastland Mall.
“We are thrilled to kick off 2018 by announcing a major anchor
redevelopment project at Eastland Mall,” said Stephen Lebovitz,
president & CEO, CBL Properties. “The additions of H&M and Planet
Fitness are a perfect example of our commitment to bringing a dynamic
mix of uses to our centers. Dining, value and fitness are increasingly
in demand, and we are pleased to deliver names that not only meet this
demand, but elevate the overall customer experience.”
Construction on H&M, Planet Fitness, and Outback Steakhouse is currently
underway, and all tenants are set to open prior to the 2018 holiday
season.
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 119 properties
totaling 74.4 million square feet across 27 states, including 76
high-quality enclosed, outlet and open-air retail centers and 12
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