CBL Properties Announces New Tenants for Kirkwood Mall Redevelopment Project in Bismarck, North Dakota

Company Release - 6/22/2021

CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (OTCMKTS:CBLAQ) today announced two new tenants as part of the former Herberger’s redevelopment at Kirkwood Mall in Bismarck, North Dakota. Kirkwood Mall will welcome fast casual restaurant, Pancheros Mexican Grill, and Thrifty White Pharmacy in addition to the previously announced Chick-fil-A, Five Guys, and Blaze Pizza. Work on the Chick-fil-A restaurant pad began in June and demolition of the former Herberger’s building will occur as part of future phases.

“We are thrilled to announce additional uses as part of the Kirkwood Mall redevelopment project,” said Stephen Lebovitz, chief executive officer, CBL Properties. “These new tenants are consistent with our strategy of diversifying the mix of uses at our properties and create future value opportunities, including adding in-demand restaurants and essential businesses.”

Lebovitz added, “Kirkwood Mall is the dominant shopping center in the Bismarck community and offers a number of exclusive tenants. These additions will further solidify Kirkwood’s strength in the market and position it for even greater future growth and success.”

Construction on the project is ongoing and will be completed in phases. More detailed information including grand opening timing will be shared as plans are finalized.

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 104 properties totaling 63.8 million square feet across 24 states, including 63 high-quality enclosed, outlet and open-air retail centers and seven properties managed for third parties. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information visit cblproperties.com.

Investor Contact: Katie Reinsmidt, EVP & Chief Investment Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com
Media Contact: Stacey Keating, Sr. Director of Public Relations & Corporate Communications, 423.490.8361, Stacey.Keating@cblproperties.com

Source: CBL Properties