CBL & Associates Properties Leases Former Upton's Store At Arbor Place Mall.Business Editors CHATTANOOGA, Tenn.--(BUSINESS WIRE)--March 16, 2000 CBL Cbl cobalamin. & Associates Properties, Inc. (NYSE NYSE See: New York Stock Exchange :CBL) today announced it has signed a lease with dekor, Inc., an Atlanta-based home-decorating store, for the space currently leased by Upton's at 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. Dekor is expected to open its new 80,000-square-foot store in fall 2000. Founded in 1998 by home improvement industry veterans, Jim Inglis and Herb Biggers, dekor is a home design center that will carry custom fabrics, kitchen and bathroom fixtures, flooring, paint, wallpaper, window coverings and a multitude of other exciting home products. It will also offer complete design and installation services for the busy homeowner. In addition to the new store at Arbor Place, dekor plans to open three other stores in the greater Atlanta area as well as a new store in Nashville, TN. Arbor Place is located on approximately 125 acres along I-20 between Douglas Boulevard and Chapel Hill Road in the Atlanta suburb of Douglasville, which is 25 miles west of downtown Atlanta Downtown Atlanta refers to the largest financial district for the city of Atlanta. As defined by the Central Atlanta Progress (CAP) organization, the area measures approximately 4 mi², and was home to 23,300 as of 2006. and 10 miles from the Six Flags Over Georgia Six Flags Over Georgia is a 230-acre theme park located west of Atlanta, in Austell, Georgia. Opened in 1967, it is the second park in the Six Flags chain, after the original opening in 1961 in Texas. theme park. Dillard's, Parisian and Sears opened as Arbor Place's anchor 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 were joined by Borders Books and Music, Old Navy, Bed, Bath & Beyond and an 18-screen Regal Cinemas as sub-anchors. Charles B. Lebovitz, CBL's chairman and chief executive officer, said, "We are pleased to add such an exciting new concept to our anchor lineup at Arbor Place. The unique combination of traditional department stores and big-box retailers has been well received by our customers. We believe the addition of dekor will further enhance what is regarded as the best shopping experience in west Atlanta." CBL & Associates Properties, Inc. is a real estate investment trust that 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 141 properties in 25 states totaling 35.9 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 2.2 million square feet, including one mall, one associated center, three community centers and two expansions. In 1999, CBL added 2.8 million square feet of shopping center space to the portfolio, including the opening in October of the 1.2 million-square-foot Arbor Place mall in metropolitan Atlanta. The Company can be found on the Internet at www.cblproperties.com. 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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