CBL Properties Announces Premier Supermarket Joining Stroud Mall in Stroudsburg, Pennsylvania
July 31 2018 - 3:15PM
Business Wire
CBL Properties (NYSE:CBL) today announced redevelopment plans
for the former Bon-Ton space at Stroud Mall in Stroudsburg,
Pennsylvania. The redevelopment will deliver a brand new,
state-of-the-art 87,000-square-foot ShopRite supermarket.
Village Super Market, Inc. and the Sumas family, owners and
operators of 30 ShopRite stores in New Jersey, Maryland, New York
and Pennsylvania, will bring their newest store to the Stroud Mall
in 2019. The Stroud Mall ShopRite will focus on providing fresh
prepared foods, produce, meat and seafood, while offering a large
and varied selection of groceries, organic and locally sourced
foods. The new store will also include a health and wellness
department led by a registered dietitian.
“We are thrilled to work with ShopRite to debut the company’s
new concept through this redevelopment,” said Stephen Lebovitz,
chief executive officer, CBL Properties.
“We expect this state-of-the-art ShopRite to be a great anchor
to the shopping center and a community destination for local
residents,” said Perry Blatt, third generation supermarket operator
and Director of Marketing and Business Development for Village
Super Market, Inc. “We look forward to partnering with CBL to bring
ShopRite to the Stroud Mall.”
Lebovitz added, “As consumer preferences evolve, the offerings
at our properties must also evolve. ShopRite will provide our
customers in Stroudsburg and the entire region an
unparalleled experience, driving new traffic and sales to the
entire property. We are excited for construction to start
shortly and for next year’s grand opening.”
About ShopRite
ShopRite is the registered trademark of Wakefern Food Corp., a
retailer-owned cooperative based in Keasbey, NJ, and the largest
supermarket cooperative in the United States. With more than 270
ShopRite supermarkets throughout New Jersey, New York,
Pennsylvania, Connecticut, Delaware and Maryland, ShopRite serves
more than six million customers each week. Through its ShopRite
Partners In Caring program, ShopRite is dedicated to fighting
hunger in the communities it serves. Since the program began in
1999, ShopRite Partners In Caring has donated $43 million to food
banks that support more than 2,200 worthy charities. As a title
sponsor of the ShopRite LPGA Classic Presented by Acer, ShopRite
has donated $31 million to local organizations, hospitals and
community groups. For more information, please visit
shoprite.com.
About CBL Properties
Headquartered in Chattanooga, TN, CBL
Properties owns and manages a national portfolio of market-dominant
properties located in dynamic and growing communities. CBL’s
portfolio is comprised of 117 properties totaling 72.8 million
square feet across 27 states, including 74 high-quality enclosed,
outlet and open-air retail centers and 13 properties managed for
third parties. CBL continuously strengthens its company and
portfolio through active management, aggressive leasing and
profitable reinvestment in its properties. For more information
visit cblproperties.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180731005937/en/
CBL PropertiesInvestor Contact:Katie Reinsmidt,
423-490-8301Executive Vice President & Chief Investment
OfficerKatie.Reinsmidt@cblproperties.comorMedia Contact:Stacey
Keating, 423-490-8361Director of Public Relations & Corporate
CommunicationsStacey.Keating@cblproperties.com
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