CBL Accelerates Its Lifestyle Enhancement Initiative with the Hiring of Restaurant Development Veteran; Bryant Siragusa Joins CBL as National Director of Mall Restaurants and Entertainment.

CHATTANOOGA, Tenn. -- CBL Initiative Aims to Enhance Existing Malls with Lifestyle Additions or Expansions

CBL & Associates Properties, Inc. (NYSE: CBL) is pleased to add Bryant Siragusa to its mall leasing team as national director of mall restaurants and entertainment. Siragusa will focus on restaurant and entertainment opportunities within CBL's portfolio of 70 enclosed regional malls in 29 states.

Stephen Lebovitz, president of CBL & Associates Properties, Inc., said, "Mall shoppers today are increasingly demanding entertainment and lifestyle components to complement their shopping needs. As one of the first mall owners to bring entertainment into the mall with the addition of theatres, CBL has long been on the leading edge of trends in the mall shopping experience. With our plans to enhance several mall properties by adding lifestyle additions or expansions, Bryant's wealth of knowledge and experience in the restaurant industry made him the natural choice to take the lead role in working with industry professionals to solidify restaurant and entertainment components at our malls."

Siragusa is currently working on several new projects including;

--Coastal Grand-Myrtle Beach in Myrtle Beach, SC - Restaurant District & Lifestyle Expansion;

--Fayette Mall in Lexington, KY - Streetscape Restaurant Opportunities;

--Brookfield Square in Milwaukee (Brookfield), WI - Streetscape Restaurant Opportunities;

--Cary Towne Center in Cary, NC - Restaurant/Lifestyle Expansion;

--Southaven Towne Center in Southaven (Memphis, TN), MS - Open-air Shopping Center Restaurant Opportunties;

--Monroeville Mall in Pittsburgh (Monroeville), PA - Restaurant/Lifestyle Expansion; and

--Valley View Mall in Roanoke, VA - Restaurant/Lifestyle Expansion.

Until joining CBL, Siragusa served as director of real estate for Foremark, Ltd., a full-service real estate brokerage company. While at Foremark, he directed the real estate needs in the mid-west and northeast territory (18 states) for several national restaurant chains including California Pizza Kitchen, Fleming's Prime Steakhouse and Wine Bar, Roy's and Mimi's Cafe. Prior to Foremark, Siragusa was a real estate manager for Panera Bread, the fastest growing "fast casual" concept in the country, from 1997 to 2000. He managed all real estate functions for various territories throughout the eastern half of the United States.

Siragusa graduated with a Bachelor's degree from the University of North Texas specializing in Geographical Information Systems (GIS). He is a member of the International Council of Shopping Centers and has an active license for Texas Real Estate Sales. Siragusa's wife, Melissa, and children, Nicholas and Madeline, reside in Chattanooga, TN.

CBL & Associates Properties, Inc. is the fourth largest mall REIT in North America and the largest owner of malls and shopping centers in the Southeast, ranked by GLA owned. CBL owns, holds interests in or manages 166 properties, including 70 enclosed regional malls. The properties are located in 29 states and total 73.3 million square feet including 2.0 million square feet of non-owned shopping centers managed for third parties. CBL's latest mall development, Imperial Valley Mall in the Imperial Valley region of California, celebrated its grand opening in March. CBL currently has eight projects under construction totaling approximately 1.1 million square feet. The projects include an open-air shopping center in Southaven (Memphis, TN), MS, one associated center, three community centers and three expansions. In addition to its office in Chattanooga, TN, CBL has a regional office in Boston (Waltham), MA. Additional information can be found at cblproperties.com.