CBL Announces Anchor Redevelopment Plans
CHATTANOOGA, Tenn., 2014-3-26 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL), today announcedThe Cheesecake Factory® and H&M are coming to Fayette Mall in Lexington, KY, as part of the redevelopment of the former Sears location. Designed to significantly enhance the offerings at the shopping center, the plans include redeveloping the former Sears store and expanding the mall entrance to create 115,000-square-feet of new retail space for a mix of fashion stores, home furnishings and fine dining options in the heart of the shopping center. The Cheesecake Factory and H&M are the first of many premier stores to be announced as part of the redevelopment, which has begun construction and is expected to be completed this fall.
“We are excited to bring both The Cheesecake Factory and H&M to Lexington to further solidify Fayette Mall’s status as one of the premier shopping destinations in Lexington and the region,” said Stephen Lebovitz, president and chief executive officer, CBL & Associates Properties, Inc. “The Cheesecake Factory will provide the Lexington area a quality dining experience they won’t soon forget. Additionally, H&M is an international fashion leader that will bring its fashion-forward styles for men and women to Fayette Mall.”
“For more than 35 years, The Cheesecake Factory has been known for creating delicious, memorable experiences for millions of guests around the country, and we’re excited about coming to Lexington,” said David Overton, Founder, Chairman and Chief Executive Officer of The Cheesecake Factory Incorporated. “We look forward to opening our doors at Fayette Mall later this year.”
H&M will open a two-level, 23,000-square-foot store adjacent to the new mall entrance. Additional stores and restaurants that are coming to Fayette Mall include Brighton, Clarks footwear, Jos. A. Bank, Michael Kors and Newk’s Eatery, with more top retailers to be announced as the project progresses.
Fayette Mall is a 1.4 million square-foot super regional shopping center featuring more than 150 specialty stores and eateries and is anchored by Dillard’s, Macy’s, JCPenney and Dick’s Sporting Goods. Recent additions to the mall include Forever 21, francesca’s, J.Jill, and Pandora. For more information visit ShopFayette-Mall.com or facebook.com/FayetteMall.
Businesses interested in obtaining leasing information about Fayette Mall should contact Travis Farren, Regional Director of Leasing, by telephone at 423.490.8360 or by email: travis_farren@cblproperties.com.
About The Cheesecake Factory
The Cheesecake Factory Incorporated created the upscale casual dining segment in 1978 with the introduction of its namesake concept. The Company operates 181 full-service, casual dining restaurants throughout the U.S. and Puerto Rico, including 169 restaurants under The Cheesecake Factory® mark; 11 restaurants under the Grand Lux Cafe® mark; and one restaurant under the RockSugar Pan Asian Kitchen® mark. Internationally, four The Cheesecake Factory restaurants operate under a licensing agreement. The Company also operates two bakery production facilities in Calabasas Hills, CA and Rocky Mount, NC that produce over 70 varieties of quality cheesecakes and other baked products. In 2014, the Company was named to Fortune magazine’s “100 Best Companies to Work For” list. To learn more about the Company, visit www.thecheesecakefactory.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 interests in or manages 150 properties, including 91 regional malls/open-air centers. The properties are located in 29 states and total 86.1 million square feet including 5.6 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 contact: Dan Summerlin, Director of Corporate Relations, 423.490.8315, dan_summerlin@cblproperties.com
Fayette Mall contact: Sandy Heymann, Regional Director of Marketing, 859.272.3495, sandra_heymann@cblproperties.com
The Cheesecake Factory contact: Susan Pasarow / Anna Whitlow / Jenny Burke / Suzanne Davis, Murphy Obrien Public Relations, 818.871.3038, cheesecake@murphyobrien.com