CBL Celebrates Grand Opening of Alamance Crossing in Burlington, North Carolina.Stores Open and Ready for Tax-free Shopping Tax-free shopping refers to the opportunity for customers to purchase goods or services without paying any tax normally collected at retail, such as sales tax, Goods and Services Tax, value added tax, or consumption tax. Weekend CHATTANOOGA, Tenn. -- CBL Cbl cobalamin. & Associates Properties, Inc. (NYSE NYSE See: New York Stock Exchange : CBL) today celebrated the grand opening of Phase I of Alamance Crossing, a 660,000 square-foot open-air 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 , in Burlington, North Carolina Burlington is a city in North Carolina, a state of the United States of America. It is the principal city of the Burlington, North Carolina Metropolitan Statistical Area which encompasses all of Alamance County. . CBL executives, along with The Honorable Stephen Ross Stephen Ross may refer to:
Dillard's, JCPenney, Barnes & Noble and dozens of specialty retailers and eateries opened today and are prepared for thousands of shoppers throughout the tax-free holiday shopping weekend that begins this Friday. Alamance Crossing is approximately 90% leased and committed. A complete list of retailers and store information is attached. "Alamance Crossing is a phenomenal shopping destination," said Stephen Lebovitz, president of CBL & Associates Properties, Inc. "Alamance Crossing offers the region an exceptional place to shop, dine and gather with friends and family. We have gone the extra mile to create a visually appealing, pedestrian friendly open-air environment in an effort to provide Burlington and the surrounding communities with some of the most popular retailers in the country as well as a shopping complex that this community can be proud of." Lebovitz added, "Alamance Crossing also highlights CBL's development experience and showcases our expertise in the arena of open-air shopping center formats. The tremendous interest we continue to receive from our retail partners speaks to the convenience and attractiveness of this format and has encouraged us to develop a second phase." "Alamance Crossing is the result of years of hard work by so many people developing a partnership that will surely enhance the quality of life for our residents," said Burlington Mayor Stephen Ross. "It has been an honor and privilege to work with a first-class company like CBL and I want to thank them for bringing so many high quality shopping choices to Burlington and Alamance County. This shopping center is an important contributor to the continued growth of our community as we retain consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. in Burlington and add a significant employer to our workforce." About Alamance Crossing Alamance Crossing is an 855,000 square-foot total shopping complex which includes 660,000 square feet of retail space in Phase I of the project (Alamance East) and 255,000 square feet in Phase II (Alamance West). Once complete, the center will feature three anchors including Dillard's, JCPenney and Belk, three junior anchors including Barnes & Noble, a 16-screen Carousel West End Cinema, and dozens of specialty retailers and restaurants. The center will create approximately 1,500 jobs and generate more than $200 million annually in retail sales. Alamance Crossing is located on 142 acres at the intersection of Interstate 85/40 and University Drive in Burlington, North Carolina. Additional information can be found at www.alamancecrossing.com. The Alamance Crossing Experience Enjoy the day shopping in some of the area's finest stores, unwind Unwind 1. The closure of an investment position. 2. The reconciliation of an error previously unseen by a brokerage house. Notes: 1. Sometimes referred to as closing out a position. for a bite to eat or catch a movie with family and friends, Alamance Crossing is one destination to do it all. The pedestrian-friendly Alamance Crossing Drive will bustle with activity in a scene reminiscent of Main Street USA. With the architectural appeal of small town America, combined with all the advantages of an urban destination, Alamance Crossing offers residents the best in shopping, dining and entertainment. The center's unique architecture pays tribute to the area's rich history in the textile and tobacco industries as well as the transition into today's influence of technology. The Main Street design provides shoppers with spacious walkways and convenient curbside curb·side n. 1. The side of a pavement or street that is bordered by a curb. 2. A sidewalk. adj. Located, operating, or occurring at or along the sidewalk or curb: parking. Contact Information
CBL's regional office in Boston, MA manages the development of
Alamance Crossing. Businesses interested in obtaining development
information should contact:
Jon Meshel Project Manager (781) 647-3330
jon_meshel@cblproperties.com
Leasing information can be obtained by contacting:
Tammy Johnson Senior Leasing Manager (423) 490-8772
tammy_johnson@cblproperties.com
For outparcel information, interested firms should contact:
Phil McNeely Director of Peripheral Property (423) 490-8304
phil_mcneely@cblproperties.com.
About CBL & Associates Properties, Inc. Including Alamance Crossing, CBL owns and manages eight regional malls/open-air centers in 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. including Randolph Mall in Asheboro, Asheville Mall in Asheville, Cary Towne Center Cary Towne Center is a shopping mall in Cary, North Carolina. History Cary Village Mall opened in 1979 with Ivey's and Hudson Belk as anchors. In 1991, the mall expanded, adding a food court and three new anchors, including Hecht's, JC Penney, and Sears, and was renamed in Cary, Cross Creek Mall Cross Creek Mall is a regional shopping mall located in Fayetteville, North Carolina, on the 401 Bypass between Morganton Road and the All-American Freeway. The mall contains over 100 stores and covers over 1 million sq. ft. of retail space. in Fayetteville, Oak Hollow Mall in High Point, Triangle Town Center Triangle Town Center is a shopping mall in Raleigh, North Carolina. It is located in North Raleigh off of U.S. Highway 1 (Capital Boulevard) and Interstate 540. The mall is owned by CBL & Associates Properties, Inc. in Raleigh, and 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. CBL is one of the largest and most active owners and developers of malls and shopping centers in the country. CBL owns, holds interests in or manages 132 properties, including 80 regional malls/open-air centers. The properties are located in 27 states and total 75.2 million square feet including 2.2 square feet of non-owned shopping centers managed for third parties. CBL currently has fourteen projects under construction totaling 2.9 million square feet including Pearland Town Center in Houston (Pearland), TX; Summit Fair in Lee Summit, MO; CBL Center II in Chattanooga, TN; two lifestyle/associated centers, eight mall expansions/redevelopments, and one community center. 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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