CBL Announces Burlington to Join Northgate Mall in Chattanooga, TN
September 13 2013 - 8:00AM
Business Wire
CBL & Associates Properties, Inc. (NYSE: CBL) today
announced that Burlington Coat Factory, a national off-price
retailer, will locate their first and only store in Chattanooga, TN
at Northgate Mall. The new 63,000-square-foot store will be
situated between Sears and JC Penney with entrances on the main
mall as well as to the east parking lot. Several stores will be
relocated to accommodate the redevelopment. Construction is
expected to begin in January with a grand opening scheduled for
October 2014.
CBL’s President and Chief Executive Officer, Stephen Lebovitz,
commented, “Since acquiring Northgate Mall in late 2011, we have
been executing on our plans to revitalize the center and create a
shopping destination that the Hixson community and the entire
Chattanooga market will enjoy. We are pleased to take this next
step forward with this latest announcement. The addition of
Burlington to the center will not only enhance Northgate Mall by
delivering the first store in the market for a great retail name,
but also demonstrates our commitment to investing in the mall’s
continued growth.”
CBL is also currently underway with a number of improvements to
the Northgate Mall complex, including a multi-million dollar
renovation of the mall. The renovation includes enhancements to the
interior and exterior of Northgate Mall. The main entrance is
receiving updates and portions of the parking lot are being
repaved. Remodeling inside the mall includes new soft seating
areas, new flooring as well as ceiling and lighting upgrades. The
renovation will be completed this fall. A new Old Navy store is
under construction next to the southwest mall entrance, with an
opening anticipated in January 2014. In addition, the redevelopment
of Northgate Mall’s associated center, located across the parking
field from the mall, is nearing completion. T.J.Maxx received a new
façade, Michaels celebrated their grand opening in early September
and the grand opening of Ross Dress for Less is expected in the
fall.
For leasing information please contact Jason Shelton by
telephone at 423.490.8242 or by email at
Jason_shelton@cblproperties.com.
About Burlington
Burlington is a national retailer offering style for less with
up to 65 percent off department store prices every day. Departments
include ladies’ dresses, suits, sportswear, juniors, accessories,
menswear, family footwear and children’s clothing. It also includes
an assortment of furniture and accessories for baby at Baby Depot,
home décor and gifts, along with the largest selection of coats in
the nation for the entire family. Burlington has more than 500
stores in 44 States and Puerto Rico. For more, visit
www.BurlingtonCoatFactory.com.
About Northgate Mall
Northgate Mall is an 823,000-square-foot enclosed regional mall
located on Highway 153 and Hixson Pike/State Route 319 in CBL’s
hometown of Chattanooga, Tennessee. Chattanooga has been
experiencing tremendous growth with several major new employers
entering the area, including North America’s only Volkswagen
manufacturing plant. Northgate Mall is anchored by Belk, JC Penney
and Sears and offers 60 specialty shops and restaurants. The
property also features a freestanding 14-screen state-of-the-art
Carmike Cinema and a 70,000-square-foot community center occupied
by T.J.Maxx with Michaels and opening this fall, Ross Dress for
Less. The property was originally developed in 1972 by Arlen
Shopping Center Group (“Arlen”) under the direction of Charles B.
Lebovitz. In 1978, Lebovitz and five associates left Arlen to form
CBL & Associates.
CBL also owns and manages Hamilton Place Mall, a
1.3-million-square-foot dominant super-regional enclosed mall as
well as five associated centers and two office buildings, including
its headquarters, in the Chattanooga market.
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
interests in or manages 154 properties, including 93 regional
malls/open-air centers. The properties are located in 31 states and
total 89.3 million square feet including 9.3 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.
CBL & Associates Properties, Inc.Katie Reinsmidt,
423-490-8301Senior Vice President - Investor Relations and
Corporate Investmentskatie_reinsmidt@cblproperties.com
CBL and Associates Prope... (NYSE:CBL)
Historical Stock Chart
From Sep 2024 to Oct 2024
CBL and Associates Prope... (NYSE:CBL)
Historical Stock Chart
From Oct 2023 to Oct 2024