CBL & Associates Properties Adds Dillard's to Pemberton Square Mall in Vicksburg, MS.CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Nov. 3, 1999-- CBL Cbl cobalamin. & Associates Properties, Inc. (NYSE NYSE See: New York Stock Exchange :CBL) today announced the grand opening of Dillard's at Pemberton Square Mall in Vicksburg, MS. The 100,000-square-foot Dillard's replaces Wal-mart and joins JCPenney, McRae's and Stage as the fourth department store at the 352,000-square-foot regional mall. This new store is the twenty-second Dillard's in CBL's portfolio. Pemberton Square opened in 1985 and was completely renovated in 1996. Commenting on the announcement, Charles B. Lebovitz, chairman and chief executive officer, stated, "Consistent with our strategy of maximizing the franchise value of our properties, improvements have been made to Pemberton Square to expand its trade area and further enhance its position as the dominant retailing complex in this region of Mississippi. With its special emphasis on fashion apparel and home accessories, Dillard's will be a valuable addition to our anchor 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. and will accelerate our ongoing efforts to enhance the tenant mix at Pemberton Square." 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 Northeast and Midwest. The Company has a portfolio of 142 properties in 25 states totaling 36.1 million square feet, including 1.8 million square feet of non-owned shopping centers managed for third parties. The Company has under construction seven new projects totaling approximately 1.9 million square feet, including one mall, one associated center, three community centers and two expansions. In 1999, CBL has added 2.8 million square feet of shopping center space to its portfolio, including the opening in October of the 1.2 million square foot Arbor Place Mall Arbor Place Mall, the only regional mall directly serving the growing western suburbs of Atlanta, is located in Douglasville, GA in Douglas County. Opened in October 1999, the mall was originally to be anchored by Dillard's, Parisian, Sears, and Upton's. in metropolitan Atlanta. Information included herein contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company's various filings with the Securities and Exchange Commission, including without limitation the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and the "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and Results of Operations" incorporated by reference therein, for a discussion of such risks and uncertainties. |
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