CBL & ASSOCIATES PROPERTIES, INC. ANNOUNCES DEVELOPMENT PLANS FOR NEW POWER CENTER IN ORLANDO.CHATTANOOGA, Tenn.--(BUSINESS WIRE)--April 17, 1997--CBL & Associates Properties, Inc. (NYSE NYSE See: New York Stock Exchange :CBL Cbl cobalamin. ) today announced development plans for Sand Lake Commons, an approximate 600,000-square-foot power 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 in Orlando, Florida The city of Orlando is a major city in central Florida and is the county seat of Orange County, Florida. According to the 2000 census, the city population was 185,951. A 2006 U.S. . Located on 65 acres at the intersection of Sand Lake Road and John Young Parkway  It has been suggested that this article be split into articles entitled and . , Sand Lake Commons will be anchored by a
214,000-square-foot Wal-Mart Supercenter and up to seven additional
anchor stores anchor storen. A large store, such as a department store or supermarket, that is prominently located in a shopping mall to attract customers who are then expected to patronize the other shops in the mall. and contain approximately 35,000 square feet of small shop space. Sand Lake Commons will be part of South Park, a 1,000- acre development by Orlando Central Park. Commenting on the announcement, Charles B. Lebovitz, CBL's chairman, president and chief executive officer, stated, "We are pleased to have Wal-Mart lead a 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 retailers that will make Sand Lake Commons the dominant power center in its trade area. Site work on this project is anticipated to start in the fall of this year with a grand opening projected for fall 1998." 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 111 properties totaling 20.8 million square feet (including three new centers opened in March as indicated below), manages an additional 2.6 million square feet of non-owned shopping centers, and presently has under construction and opening this year nine new shopping centers totaling 3.1 million square feet, including one mall, two power centers, two associated centers and four community centers. -0-
NEW SHOPPING CENTERS OPENING IN 1997
Center Location Square Footage
Hannaford Food & Drug* Richmond, VA 62,500
The Terrace(a) Chattanooga, TN 157,923
Massard Crossing(a) Fort Smith, AR 290,717
Salem Crossing Virginia Beach,VA 289,305
Springhurst Towne Center Louisville, KY 808,159
Bonita Lakes Mall Meridian, MS 633,140
Bonita Lakes Crossing Meridian, MS 74,000
Cortlandt Town Center Cortlandt,NY 769,169
Strawbridge Marketplace Virginia Beach, VA 43,570
(a) Open 3,128,477 Total
CONTACT: CBL & Associates Properties Inc., Chattanooga John N. Foy, 423/855-0001 |
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