CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL Properties (NYSE:CBL) today announced plans to redevelop the former
Macy’s location at Parkdale Mall in Beaumont, Texas. The nearly
110,000-square-foot redevelopment includes the addition of DICK’S
Sporting Goods, Five Below and a national home furnishing store.
“This announcement comes on the heels of other positive additions to
Parkdale Mall over the last year, including the addition of
family-friendly entertainment concept, Tilt Studio; Francesca’s; and two
unique dining options, Salata and R Taco, as well as the remodel and
expansion of Victoria’s Secret/PINK,” said Stephen Lebovitz, chief
executive officer, CBL Properties. “The addition of DICK’S Sporting
Goods and additional value-oriented retail will complement and enhance
the diverse mix already available at Parkdale, and we are excited to
deliver these new tenants to our visitors in the Beaumont market next
year.”
Lebovitz added, “Through these anchor conversions, CBL’s portfolio is
being transformed from traditional malls to suburban town centers that
offer not just great shopping, but also incredible dining options,
health and wellness, entertainment and a variety of other uses. In 2018
alone, we have opened or are under construction on a dozen such
redevelopment projects, and we look forward to reinventing additional
properties in the coming months.”
Construction on this project is currently underway with an anticipated
opening in spring 2019.
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 114 properties
totaling 71.9 million square feet across 26 states, including 73
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181101006008/en/
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
Stacey.Keating@cblproperties.com
Source: CBL Properties