CBL & ASSOCIATES PROPERTIES, INC. OPENS NEW COMMUNITY CENTER.CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Dec. 6, 1996--CBL & Associates Properties, Inc. (NYSE NYSE See: New York Stock Exchange :CBL Cbl cobalamin. ) today announced the opening of the first phase of the 120,553-square-foot Kingston Overlook in Knoxville, Tennessee “Knoxville” redirects here. For other uses, see Knoxville (disambiguation). Founded in 1786, Knoxville is the third-largest city in the state of Tennessee, behind Memphis and Nashville, and is the county seat of Knox CountyGR6. . Kingston Overlook is anchored by a 40,000-square-foot Baby Superstore, which opened on December 2, 1996, and a 53,385-square-foot HomePlace, which opened today. 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. , a 23,668-square-foot Michaels Arts & Crafts, is scheduled to open in the second quarter of 1997. Kingston Overlook is situated on a 17-acre site on Kingston Pike, the prime retail corridor of Knoxville. "Kingston Overlook is our eighth 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 developed in the Knoxville metropolitan area Knoxville Metropolitan Area is the third largest Metropolitan Statistical Area in Tennessee. According to the US Census Bureau, the 2006 population estimate is 667,384 making it the 77th largest metropolitan statistical area in the United States. , and we are pleased to expand our presence in this market with such exciting and dynamic retailers," 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 108 properties totaling 20.4 million square feet, manages an additional 2.6 million square feet of non-owned shopping centers, and presently has under construction nine new shopping centers totaling 3.1 million square feet, including one mall, two power centers, two associated centers and three community centers. -0-
NEW SHOPPING CENTERS UNDER CONSTRUCTION
Center Location Square Footage
LaGrange Commons LaGrange, NY 59,799
The Terrace Chattanooga, TN 157,923
Massard Crossing Fort Smith, AR 290,777
Salem Crossing Virginia Beach, VA 289,382
Hannaford Bros. Richmond, VA 62,500
Springhurst Towne Center Louisville, KY 808,084
Bonita Lakes Crossing Meridian, MS 64,000
Bonita Lakes Mall Meridian, MS 631,507
Cortlandt Towne Center Cortlandt, NY 766,628
TOTAL 3,130,600
CONTACT: CBL & Associates Properties, Inc., Chattanooga John N. Foy, 423/855-0001 |
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