CBL & ASSOCIATES PROPERTIES, INC. ANNOUNCES MAJOR STORE COMMITMENTS FOR NEW REGIONAL MALL IN MERIDIAN, MISSISSIPPI.CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Dec. 20, 1995--CBL & Associates Properties, Inc. (NYSE NYSE See: New York Stock Exchange :CBL Cbl cobalamin. ) today announced that it has secured commitments from department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. and other major tenants for its new regional mall -- Bonita Bonita (Spanish and Portuguese for "beautiful") is the name of:
Bonita Lakes Mall will be anchored by Dillard's, JCPenney, McRae's and Sears. The 800,000-square foot regional mall will also contain, among others, a United Artists Theater and Luby's Cafeteria. "We have long-term relationships with each of these nationally known mall merchants," stated Charles B. Lebovitz, CBL's chairman, president and chief executive officer, "and are delighted that each has made their commitment to our newest regional mall. Our plans for Bonita Lakes Mall are to commence site work as soon as conditions permit. The grand opening of this new retailing complex is scheduled for the fall of 1997." Bonita Lakes Mall will be developed on a 100-acre site located in the southeast quadrant of the intersection of Interstate 59 and U.S. Highway 19. Plans also include a food court and peripheral property for freestanding businesses along the outer perimeter The Outer Perimeter was an expressway originally planned to encircle Atlanta about 20-to-25 miles further away from the city than the existing Perimeter Highway (I-285). The original plan of the highway would have roughly gone through or near the communities of Cartersville, of the mall. 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. The Company has a portfolio of 105 properties totaling 18.9 million square feet, manages an additional 2.1 million square feet of non-owned shopping centers, and presently has four new shopping centers and one mall redevelopment and expansion under construction. CONTACT: CBL & Associates Properties, Inc., Chattanooga John N. Foy, 423/855-0001 |
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