This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CBL Announces Acquisition And Planned Redevelopment Of Two Sears Anchor Locations At Top CBL Malls

CBL & Associates Properties, Inc. (NYSE: CBL), today announced that it had acquired two Sears locations at CBL’s Fayette Mall in Lexington, KY, and CoolSprings Galleria in Nashville, TN. Sears will continue to operate in both locations until closing dates have been finalized.

“The acquisition of these Sears stores will allow us to create substantial value at two of our most productive malls,” said Stephen Lebovitz, president and chief executive officer. “We have plans to redevelop and expand both buildings to create space for new high-end specialty stores and restaurants designed to augment each properties’ market-dominant position and enhance their strong growth rates. Additional details on these exciting projects will be announced in the near future.”

Businesses interested in obtaining leasing information about Fayette Mall should contact:
Travis Farren   Regional Leasing Director   423.490.8360  

travis_farren@cblproperties.com

 

Businesses interested in obtaining leasing information about CoolSprings Galleria should contact:

Laura Farren Senior Leasing Manager 423.490.8620

laura_farren@cblproperties.com

 

About CBL & Associates Properties, Inc.

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 158 properties, including 96 regional malls/open-air centers. The properties are located in 31 states and total 92.7 million square feet including 10.5 million square feet of non-owned shopping centers managed for third parties. Headquartered in Chattanooga, TN, CBL has regional offices in Boston (Waltham), MA, Dallas (Irving), TX, and St. Louis, MO. Additional information can be found at cblproperties.com .

Information included herein contains "forward-looking statements" within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company's various filings with the Securities and Exchange Commission, including without limitation the Company's Annual Report on Form 10-K and the "Management's Discussion and Analysis of Financial Condition and Results of Operations" incorporated by reference therein, for a discussion of such risks and uncertainties.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs