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Chattanooga, Tennessee –(Business Wire) — CBL Properties (NYSE: CBL ) announced today that it has opened more than one million square feet of new retail, dining, entertainment and other uses across its portfolio since January.
Stephen Lebovitz said: “2022 will be a strong year for CBL, with leasing demand above pre-pandemic levels resulting in a portfolio occupancy increase of over 200 basis points over last year, as traffic and sales continue to exceed pre-pandemic numbers .”, CEO of CBL Properties. “We also celebrated a staggering number of new store openings, from boutique retailers to unique food concepts, new entertainment options and department stores.”
Opening operators include Tilt and Scheels, both of which opened in December at Dakota Plaza in Minot, North Dakota; the main event at Sunrise Mall in Brownsville, Texas; fashion department store Von Maur in October Opens at West Towne Mall in Madison, Wisconsin. New specialty stores include Lovesac, Palmetto Moon, Boxed Lunch, Torrid, Burlap and Birch and Daily Thread. Several CBL malls saw strong leasing and new store openings, including Kirkwood Mall in Bismarck, North Dakota, which welcomed 10 new tenants; Hamilton Place Mall in Chattanooga, Tennessee; and Greens, Pennsylvania Westmoreland Shopping Center in Fortress celebrated the opening of five new tenants each.
Looking ahead to 2023, we’ll be celebrating the opening of Nordstrom Rack at Hamilton Place; Tilt Studios at Kirkwood Mall; and the Main Event at Cross Creek Mall in Fayetteville, North Carolina.
About CBL Properties
Headquartered in Chattanooga, Tennessee, CBL Properties owns and manages a national portfolio of market-leading properties located in vibrant and growing communities. The CBL owned and managed portfolio includes 94 properties totaling 58.5 million square feet in 22 states, including 56 premium enclosed malls, outlet centers and lifestyle retail centers, and more than 30 Open air center and other assets. CBL seeks to continually strengthen its company and portfolio through active management, active leasing and profitable property reinvestment.For more information, please visit cblproperties.com.
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