CBL Announces Winners of Business Challenge; More than 220 Entrepreneurs Compete in First Ever Piedmont Retail Business Challenge.CHATTANOOGA, Tenn. -- CBL Cbl cobalamin. & Associates Properties Inc. (NYSE NYSE See: New York Stock Exchange :CBL), today announced the three winners of The Piedmont Piedmont, region, Italy Piedmont (pēd`mŏnt), Ital. Piemonte, region (1991 pop. 4,302,565), 9,807 sq mi (25,400 sq km), NW Italy, bordering on France in the west and on Switzerland in the north. Retail Business Challenge that took place at three of its North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. malls -- Hanes Mall Hanes Mall is North Carolina's largest contiguous enclosed shopping mall, with nearly 1.5 million square feet (139,000 m²) of retail space. The mall is located just off Interstate 40 on Silas Creek Parkway between Stratford Road and Hanes Mall Boulevard in Winston-Salem, North in Winston-Salem, Randolph Mall in Asheboro and Oak Hollow hollow 1. a depression. 2. contains a cavity. hollow back backbone has a downward curvature in the center. hollow horn a mythical disease of cattle in primitive communities; treated by removal of the horns. Mall in High Point. The winners are (additional information on each winner is attached): Dana Suggs Butter Up Hanes Mall Deborah Bain Kitchens & Candles Randolph Mall Keith Gallimore FlounderN Oak Hollow Mall More than 220 entrepreneurs submitted business plans which were judged on creativity, marketability Marketability A negotiable security is said to have good marketability if there is an active secondary market in which it can easily be resold. marketability The ease with which an investment may be bought and sold in the secondary market. , operational approach and financial viability. The winners will receive retail space, advertising packages and other business services -- free of charge -- needed to start their own business. Prize packages totaled approximately $200,000 for all three malls. CBL's management teams are currently working with the winners in their transition from contestant to retail business owner. "The Piedmont Retail Business Challenge was a success and we want to congratulate each winner on their accomplishment. We look forward to assisting them as they launch their new business in one of our market dominant malls," said Stephen Lebovitz, president of CBL & Associates Properties, Inc. "CBL will continue our commitment to cultivating economic growth and development for new and innovative retail concepts at each of our mall locations, including the three malls in the Piedmont Triad region in North Carolina." Dana Suggs, the winner of the Hanes Mall business challenge package and owner of Butter Up, said, "This is a dream come true for me. I have been interested in expanding my business for years and knew that the mall would be an ideal location. We have an excellent product line and have always wanted to be in Hanes Mall with its great traffic and stores. This win has so much potential and shows how communities and businesses working together can really make dreams come true for smaller entrepreneurs." Commenting on The Piedmont Retail Business Challenge, presenting sponsor Southern Community Bank and Trust President Scott Bauer said, "The first ever Piedmont Retail Business Challenge Contest was an exciting and unique way to provide opportunity for entrepreneurs to fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. their dream of owning their own retail business. Retail businesses and the services they provide consumers remain a critical part of our economy. CBL is to be commended for developing an original contest focused specifically on retail. We at Southern Community Bank and Trust are honored hon·or n. 1. High respect, as that shown for special merit; esteem: the honor shown to a Nobel laureate. 2. a. Good name; reputation. b. to have sponsored the Challenge. Since our inception we have been built around supporting the needs of small businesses and their owners. The Challenge is reflective Refers to light hitting an opaque surface such as a printed page or mirror and bouncing back. See reflective media and reflective LCD. of this commitment and our growing reputation as the best bank for businesses in North Carolina." About Hanes Mall Hanes Mall features more than 200 great specialty shops and is anchored by Belk, Dillard's, Sears, JCPenney, and Hecht's. Hanes Mall is conveniently located between business and bypass I-40, off Silas Creek Parkway in Winston-Salem, NC. For more information, visit on-line at www.shophanesmall.com. About Oak Hollow Mall Oak Hollow Mall features more than 115 great specialty shops and is anchored by Belk, Dillard's, Sears, JCPenney and Steve & Barry's. Oak Hollow Mall is conveniently located off Eastchester Drive in High Point, NC. For more information, visit on-line at www.oakhollowmall.com. About Randolph Mall Randolph Mall features more than 70 great specialty shops. The mall is anchored by Belk, Dillard's, Sears and JCPenney and is conveniently located at the intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. of three major highways (US 64, NC 42 and NC 49) in Asheboro, NC. For more information, visit on-line at www.shoprandolphmall.com. About CBL CBL is one of the largest and most experienced owners and developers of malls and 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 in the country. CBL owns, holds interest in or manages 127 properties, including 79 regional malls/open-air centers. The properties are located in 26 states and total 72.7 million square feet including 2 million square feet of non-owned shopping centers managed for third parties. CBL currently has eleven projects under construction totaling 2.7 million square feet including Phase II of Gulf Coast Town Center in Ft. Myers, FL; two open-air shopping centers; two community centers, four associated/lifestyle centers and two expansions. Headquartered in Chattanooga, TN, CBL has regional offices in Boston (Waltham), MA, and Dallas, TX. Additional information can be found at http://cblproperties.com. |
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