CBL & Associates Properties, Inc. (NYSE: CBL) today announced that Burlington Coat Factory, a national off-price retailer, will locate their first and only store in Chattanooga, TN at Northgate Mall. The new 63,000-square-foot store will be situated between Sears and JC Penney with entrances on the main mall as well as to the east parking lot. Several stores will be relocated to accommodate the redevelopment. Construction is expected to begin in January with a grand opening scheduled for October 2014.
CBL’s President and Chief Executive Officer, Stephen Lebovitz, commented, “Since acquiring Northgate Mall in late 2011, we have been executing on our plans to revitalize the center and create a shopping destination that the Hixson community and the entire Chattanooga market will enjoy. We are pleased to take this next step forward with this latest announcement. The addition of Burlington to the center will not only enhance Northgate Mall by delivering the first store in the market for a great retail name, but also demonstrates our commitment to investing in the mall’s continued growth.”
CBL is also currently underway with a number of improvements to the Northgate Mall complex, including a multi-million dollar renovation of the mall. The renovation includes enhancements to the interior and exterior of Northgate Mall. The main entrance is receiving updates and portions of the parking lot are being repaved. Remodeling inside the mall includes new soft seating areas, new flooring as well as ceiling and lighting upgrades. The renovation will be completed this fall. A new Old Navy store is under construction next to the southwest mall entrance, with an opening anticipated in January 2014. In addition, the redevelopment of Northgate Mall’s associated center, located across the parking field from the mall, is nearing completion. T.J.Maxx received a new façade, Michaels celebrated their grand opening in early September and the grand opening of Ross Dress for Less is expected in the fall.
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