CBL Properties Opens More Than 1.7 Million Square Feet of New Retail, Dining, Entertainment, and Other Uses in 2021 with More in Store for 2022
December 16, 2021 at 03:00 pm EST
Share
CBL Properties announced that more than 1.7 million square feet of new retail, dining, entertainment, and other uses have opened across its portfolio since January. New openings across the CBL portfolio include unique uses such as Hollywood Casinoat York Galleria Mall in York, Pennsylvania; the expansion of High Caliber Karting & Entertainment at Meridian Mall in Okemos, Michigan; Aloft by Marriott hotel and Trader Joes at Hamilton Place in Chattanooga, Tennessee; Tilt at Richland Mall in Waco, Texas that opens next week; and the first Belong Gaming location in the United States at Pearland Town Center in Pearland, Texas. CBL also welcomed OFFLINE by Aerie to Fayette Mall in Lexington, Kentucky; Pottery Barn at Friendly Center in Greensboro, North Carolina; and Tradehome Shoes at both Oak Park Mall in Kansas City, Kansas and Post Oak Mall in College Station, Texas.
CBL & Associates Properties, Inc. is a self-managed, self-administered, fully integrated real estate investment trust (REIT). The Company owns, develops, acquires, leases, manages, and operates various properties. Its segments include Malls and All Other. The Malls segment includes malls, lifestyle centers and outlet centers. The All Other segment includes open-air centers, outparcels, office buildings, hotels, self-storage facilities, corporate-level debt and the Management Company. The Company primarily conducts its business through CBL & Associates Limited Partnership (the Operating Partnership), which is a variable interest entity. It owns two qualified REIT subsidiaries: CBL Holdings I, Inc. and CBL Holdings II, Inc. It owns and manages a portfolio, which is comprised of approximately 94 properties totaling 58.5 million square feet across 22 states, including 56 enclosed malls, outlet centers and lifestyle retail centers as well as more than 30 open-air centers and other assets.