CBL Breaks Ground on The Crossings at Marshalls Creek in Stroudsburg (Middle Smithfield), PA
August 06 2012 - 1:00PM
Business Wire
CBL & Associates Properties, Inc. (NYSE: CBL), today
announced that construction has commenced on The Crossings at
Marshalls Creek, a 103,000-square-foot shopping center development
in Stroudsburg (Middle Smithfield), PA. The shopping center will be
anchored by Price Chopper grocery, Rite Aid, STS Tire and Auto
Centers and Family Dollar and will feature approximately 22,000
square feet of stores and restaurants. The grand opening is
scheduled for June 2013.
“The Crossings at Marshalls Creek will be a great addition to
the Stroudsburg market,” commented Stephen Lebovitz, president and
chief executive officer of CBL & Associates Properties, Inc.
“We are pleased to start construction and look forward to the
opening next summer.”
The Crossings at Marshalls Creek will be easily accessible by a
signalized entrance at state Route 209 and Oak Grove Drive (Route
401) in Middle Smithfield, one of the fastest growing markets in
the state. The development is highly visible on 12.5 acres with
traffic counts estimated at 35,000.
The project will be located just ten miles from CBL’s
420,000-square-foot Stroud Mall. Stroud Mall is the only enclosed
shopping center in the Poconos featuring over 65 specialty stores
including Aéropostale, Bath & Body Works, Garfield’s Restaurant
and Pub, Journeys, Justice, maurices, and Victoria’s Secret. In
2011, a new 12-screen Cinemark theater opened within the mall
joining Bon-Ton, JCPenney and Sears.
Businesses interested in obtaining leasing information about The
Crossings at Marshalls Creek should contact Dan Backer/project
manager, phone 781.398.7110, email:
dan_backer@cblproperties.com.
About CBL & Associates Properties,
Inc.
CBL is one of the largest and most active owners and developers
of malls and shopping centers in the United States. CBL owns, holds
interest in or manages 164 properties, including 95 regional
malls/open-air centers. The properties are located in 28 states and
total 93.4 million square feet including 9.4 million square feet of
non-owned shopping centers managed for third parties. Headquartered
in Chattanooga, TN, CBL has regional offices in Boston (Waltham),
MA, Dallas (Irving), TX, and St. Louis, MO. Additional information
can be found at cblproperties.com.
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