CBL & ASSOCIATES PROPERTIES, INC. COMMENCES CONSTRUCTION ON NEW SHOPPING CENTER.CHATTANOOGA, Tenn.--(BUSINESS WIRE)--April 8, 1996--CBL & Associates Properties, Inc. (NYSE NYSE See: New York Stock Exchange :CBL Cbl cobalamin. ) today announced that it has commenced construction on the 126,705-square-foot Kingston Overlook in Knoxville,Tennessee. Kingston Overlook will be situated on a 17-acre site on Kingston Pike, the prime retail corridor of Knoxville. Anchored by Baby Superstore, HomePlace, and an additional anchor store anchor store n. 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. , Kingston Overlook is scheduled for a grand opening in November 1996. CBL & Associates Properties, Inc. is a real estate investment trust which owns regional malls and community shopping centers 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 , 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 105 properties totaling 18.9 million square feet, manages an additional 2.1 million square feet of non-owned shopping centers, and presently has seven new shopping centers and one mall redevelopment and expansion totaling 1.3 million square feet under construction. CONTACT: CBL & Associates, Inc., Chattanooga John N. Foy, 423/855-0001 |
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