CHATTANOOGA, Tenn., 2015-7-21 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL) today announced that a new Ross Dress for Less and Ulta Beauty are coming to Randolph Mall in Asheboro, North Carolina. The two new stores will be situated in the former JC Penney location. Construction is expected to begin in October with the grand opening for both stores scheduled for 2016.
“Redeveloping anchor locations is a great opportunity to both create value in our centers and to satisfy the strong retail demand for CBL properties,” said Stephen Lebovitz, president and chief executive officer, CBL & Associates Properties, Inc. “The additions of Ross Dress for Less and Ulta Beauty represent our ongoing commitment to reinvest in the growth of Randolph Mall and to provide shoppers with a broader range of shopping options.”
Randolph Mall is a 400,000-square-foot mall featuring more than 40 specialty stores and is anchored by Belk, Dunham’s Sports, and Sears. For more information visit ShopRandolphMall.com or Facebook.com/RandolphMall.
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 148 properties, including 89 regional malls/open-air centers. The properties are located in 30 states and total 84.2 million square feet including 6.5 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: Stacey Keating, corporate marketing specialist, 423.490.8361, Stacey.Keating@CBLProperties.com
Investor Contact: Katie Reinsmidt, Senior Vice President – Investor Relations and Corporate Investments, 423.490.8301,katie.reinsmidt@cblproperties.com