CBL Celebrates Grand Opening of Coastal Grand-Myrtle Beach; 63rd Mall in CBL's Portfolio Opens at 90% Leased and Committed.Business Editors CHATTANOOGA, Tenn.--(BUSINESS WIRE)--March 17, 2004 CBL Cbl cobalamin. & Associates Properties, Inc. (NYSE NYSE See: New York Stock Exchange :CBL) and joint venture partner, Burroughs & Chapin Company, Inc., today celebrated the grand opening of the 902,000-square-foot Coastal Grand-Myrtle Beach in Myrtle Beach, SC. Coastal Grand-Myrtle Beach opened 90 percent leased and committed with three 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. : Belk, Dillard's and Sears; three large-space specialty retailers: Bed Bath & Beyond, Dick's Sporting Goods Dick's Sporting Goods (NYSE: DKS) is the largest full-line sporting goods retailer in the world. It is headquartered in Pittsburgh, Pennsylvania, USA and has locations in thirty-four states with 314 stores. and a 14-screen Cinemark Theater; as well as more than 100 additional national, regional and local retailers and restaurants. Approximately 20 retailers are making their debut in the Myrtle Beach market including popular retailers, Abercrombie & Fitch, Ann Taylor Notable people named Ann Taylor include:
n. A cold dessert of Bavarian cream set in a mold lined with ladyfingers. [French : charlotte, charlotte + russe, Russian.] Noun 1. , Gymboree and Hollister. The new shopping, dining and entertainment venue provides shoppers with a unique ambiance am·bi·ance also am·bi·ence n. The special atmosphere or mood created by a particular environment: "The noir ambience is dominated by low-key lighting . . . of carefully planned and detailed architecture and design, reflective of the Myrtle Beach area and its rich heritage, natural beauty and coastal lifestyle. Strategically located in the heart of the Grand Strand The Grand Strand or Long Bay refers to a large stretch of beaches extending from Calabash, North Carolina to Georgetown, South Carolina. It consists of 60+ miles along an essentially uninterrupted arc of beach land, beginning around Little River, South Carolina and , Coastal Grand-Myrtle Beach was developed on a 170-acre site located at the intersection of 17 Bypass and Highway 501, just two miles from the Atlantic Ocean. "Coastal Grand-Myrtle Beach is a phenomenal shopping destination," said Stephen Lebovitz, president of CBL. "Architecturally superior to most malls in the region, Coastal Grand will offer both tourists and locals an exceptional place to shop, dine and simply have fun. We have taken that extra step in creating Coastal Grand in an effort to provide the City of Myrtle Beach with a shopping complex they can be proud of. Today is an exciting day and I look forward to a long and successful partnership with our friends in Myrtle Beach." CBL & Associates Properties, Inc. is one of the top five owners of shopping centers in North America and the largest owner of malls and shopping centers in the Southeast. CBL owns or holds interests and manages 163 properties, including 63 enclosed regional malls. The properties are located in 27 states and total 65.2 million-square-feet including 2.0 million-square-feet of non-owned shopping centers managed for third parties. CBL has seven projects under construction totaling approximately 1.7 million-square-feet including one regional mall - Imperial Valley Mall in the Imperial Valley region of California, two community centers and four expansions. In addition to its office in Chattanooga, TN, CBL has a regional office in Boston (Waltham), MA. Additional information can be found at www.cblproperties.com. Burroughs & Chapin Company, Inc., a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. based in Myrtle Beach, SC, is a leader in the fields of amusements and attractions, recreation, residential and resort property development, commercial property development, property management and agriculture. The company's service to Myrtle Beach and Horry County dates back to the 1860s. Additional information about Burroughs & Chapin Company is available by visiting the company's websites at www.burroughschapin.com and www.myrtlebeachtrips.com or contact Patrick Dowling, Vice President Corporate Communications, at 843-913-7771. Information included herein contains "forward-looking statements" 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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