CBL & ASSOCIATES PROPERTIES, INC., OPENS SPRINGHURST TOWNE CENTER IN LOUISVILE, KENTUCKY.CHATTANOOGA Chattanooga (chăt'ən  `gə), city (1990 pop. 152,466), seat of Hamilton co., E Tenn., on both sides of the Tennessee River near the Georgia line; inc. 1839. , Tenn.--(BUSINESS WIRE)--Aug. 26, 1997--CBL &
Associates Properties, Inc. (NYSE NYSESee: New York Stock Exchange : CBL Cbl cobalamin. ) today announced the opening of the first phase of Springhurst Towne Center, an approximate 800,000-square-foot power center in Louisville, Kentucky  “Louisville” redirects here. For other uses, see Louisville (disambiguation). . Springhurst Towne Center is anchored by Target, Kohl's Department Store, Party Source and Kitchen & Company with approximately 36,000 square feet of small shop space. Other featured stores under construction at Springhurst Towne Center include Meijers (opening March 1998); Cinemark (opening October 1997); T.J. Maxx T.J. Maxx is a chain of American department stores owned by TJX Companies. It is the largest off-price apparel retailer in the United States offering brand name clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares. (opening November 1997); Gap Old Navy (opening November 1997); and Books-A-Million (opening late 1997). The first phase of Springhurst Towne Center is currently 99% leased and committed. "With our strong leasing results and a tremendous lineup A criminal investigation technique in which the police arrange a number of individuals in a row before a witness to a crime and ask the witness to identify which, if any, of the individuals committed the crime. of some of the most exciting and progressive retailers in the shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into business, Springhurst Towne Center is the most dominant center of its kind in Louisville," stated Charles B. Lebovitz, CBL's chairman, president and chief executive officer. CBL & Associates Properties, Inc. is a real estate investment trust which owns regional malls and community shopping centers, primarily in the Southeast and select markets in the northeastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company has a portfolio of 115 properties totaling 22.0 million square feet (including six new centers opened year to date as indicated below), manages an additional 2.6 million square feet of non-owned shopping centers, and presently has under construction approximately 1.7 million square feet, including one mall, one power center, one associated center and two community centers. -0-
NEW SHOPPING CENTERS OPENING IN 1997
Center Location Square Footage
Hannaford Food & Drug(a) Richmond, VA 60,954
The Terrace(a) Chattanooga, TN 156,317
Massard Crossing(a) Fort Smith, AR 290,717
Salem Crossing(a) Virginia Beach, VA 289,305
Strawbridge Marketplace(a) Virginia Beach, VA 43,570
Springhurst Towne Center(a) Louisville,KY 798,736
Bonita Lakes Mall Meridian, MS 631,555
Bonita Lakes Crossing Meridian, MS 95,503
Cortlandt Town Center Cortlandt,NY 772,451
Chester Square Richmond, VA 10,000
(a)Open Total 3,149,108
CONTACT: CBL & Associates Properties, Inc, Chattanooga John N. Foy, 423/855-0001 |
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