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CBL Properties announces transformation plan for Eastland Mall in Illinois.

M2 EQUITYBITES-January 5, 2018-CBL Properties announces transformation plan for Eastland Mall in Illinois

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CBL Properties (NYSE:CBL) reported on Thursday details of its transformation plan for Eastland Mall in Bloomington, Illinois.

As part of the redevelopment of the former JCPenney store, fashion retailer H&M and fitness centre Planet Fitness will join the centre. In addition, Outback Steakhouse is also slated to join Eastland Mall.

Construction on H&M, Planet Fitness and Outback Steakhouse is currently underway and all tenants will open before the 2018 holiday season, the company added.

CBL owns and manages a portfolio of properties located in growing communities in the US. Its portfolio consists of 119 properties totaling 74.4m sq ft across 27 states, including 76 quality enclosed, outlet and open-air retail centres and 12 properties managed for third parties.

The company is based in Chattanooga, Tenneessee.

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Publication:M2 EquityBites (EQB)
Date:Jan 5, 2018
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