CBL & Associates Properties prices $225 million aggregate principal amount of 5.950% Senior Notes Due 2026

CHATTANOOGA, Tenn., 2017-Aug-30 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL) announced today (8/29/2017) that its majority-owned operating partnership subsidiary, CBL & Associates Limited Partnership (the “Operating Partnership”), priced $225 million aggregate principal amount of its 5.950% Senior Notes Due 2026 (the “notes”) under its existing shelf registration statement. The notes constitute an additional issuance of the 5.950% Senior Notes due 2026, $400 million aggregate principal amount of which the Operating Partnership issued on December 13, 2016. Upon the consummation of this offering, the aggregate principal amount outstanding of the 5.950% Senior Notes due 2026, including the notes from this offering, will be $625 million. The notes mature on December 15, 2026. Settlement is scheduled for September 1, 2017, subject to the satisfaction of customary closing conditions.

The Operating Partnership expects to use the net proceeds from the offering of approximately $218.9 million, after deducting the underwriting discount and other offering expenses payable by the Operating Partnership, to reduce amounts outstanding under its unsecured revolving credit facilities and for general business purposes.

Wells Fargo Securities, Jefferies, US Bancorp, Goldman, Sachs & Co. LLC and Stifel are serving as Joint Book-Running Managers for the offering of the notes. BB&T Capital Markets, FTN Financial Securities Corp. and Regions Securities LLC and Ramirez & Co., Inc. are serving as Co-Managers for the notes.

The issuer has filed a registration statement on Form S-3 relating to these securities with the Securities and Exchange Commission. A preliminary prospectus supplement relating to the offering and an accompanying prospectus have been filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or other jurisdiction.

The offering of these securities will be made only by means of a prospectus supplement and accompanying prospectus. A copy of the prospectus supplement and prospectus relating to the offering, when available, may be obtained by contacting Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attn: WFS Customer Service, calling toll-free: 1-800-645-3751 or emailing: wfscustomerservice@wellsfargo.com; Jefferies LLC, 520 Madison Avenue, 3rd Floor, New York, New York 10022, attention of High Grade Syndicate Desk by calling toll-free at 1-877-877-0696 or emailing DCMProspectuses@jefferies.com; or U.S. Bancorp Investments, Inc., 214 North Tryon Street, 26th Floor, Charlotte, NC 28202, Attention: High Grade Syndicate or by calling toll-free: (877) 558-2607.

About CBL & Associates Properties, Inc.

Headquartered in Chattanooga, TN, CBL is one of the largest and most active owners and developers of malls and shopping centers in the United States. CBL owns or holds interests in 107 properties, including 70 enclosed regional malls, open-air centers and outlet centers. The properties are located in 26 states.

Forward-Looking Statements

Information included herein contains “forward-looking statements” within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including without limitation the Company’s Annual Report on Form 10-K and the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included therein, for a discussion of such risks and uncertainties.

Contact:
Katie Reinsmidt
423-490-8301
Executive Vice President – Chief Investment Officer
katie.reinsmidt@cblproperties.com

Source: CBL & Associates Properties, Inc.

CBL & Associates Properties declares quarterly cash dividend of $0.265 per share on its common stock

CHATTANOOGA, Tenn., 2017-Aug-28 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL) today (8/24/2017) announced that its Board of Directors has declared a quarterly cash dividend for the Company’s Common Stock of $0.265 per share for the quarter ending September 30, 2017. The dividend is payable on October 16, 2017, to shareholders of record as of October 2, 2017.

The Board also declared a quarterly cash dividend of $0.4609375 per depositary share for the quarter ending September 30, 2017, for the Company’s 7.375% Series D Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $1.84375 per depositary share, is payable on October 2, 2017, to shareholders of record as of September 15, 2017.

The Board also declared a quarterly cash dividend of $0.4140625 per depositary share for the quarter ending September 30, 2017, for the Company’s 6.625% Series E Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $1.65625 per depositary share, is payable on October 2, 2017, to shareholders of record as of September 15, 2017.

About CBL & Associates Properties, Inc.

Headquartered in Chattanooga, TN, 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 121 properties, including 78 regional malls/open-air centers. The properties are located in 27 states and total 75.5 million square feet including 6.3 million square feet of non-owned shopping centers managed for third parties. Additional information can be found at cblproperties.com.

Information included herein contains “forward-looking statements” within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including without limitation the Company’s Annual Report on Form 10-K and the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included therein, for a discussion of such risks and uncertainties.

Contact:
Katie Reinsmidt
423-490-8301
EVP – Chief Investment Officer
katie.reinsmidt@cblproperties.com

Source: CBL & Associates Properties, Inc.

CBL & Associates Properties declares quarterly cash dividend of $0.265 per share on its Common Stock

CHATTANOOGA, Tenn., 2017-Jun-03 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL) today ( 6/2/2017) announced that its Board of Directors has declared a quarterly cash dividend for the Company’s Common Stock of $0.265 per share for the quarter ending June 30, 2017. The dividend is payable on July 17, 2017, to shareholders of record as of June 30, 2017.

The Board also declared a quarterly cash dividend of $0.4609375 per depositary share for the quarter ending June 30, 2017, for the Company’s 7.375% Series D Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $1.84375 per depositary share, is payable on June 30, 2017, to shareholders of record as of June 15, 2017.

The Board also declared a quarterly cash dividend of $0.4140625 per depositary share for the quarter ending June 30, 2017, for the Company’s 6.625% Series E Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $1.65625 per depositary share, is payable on June 30, 2017, to shareholders of record as of June 15, 2017.

About CBL & Associates Properties, Inc.

Headquartered in Chattanooga, TN, 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 123 properties, including 80 regional malls/open-air centers. The properties are located in 27 states and total 76.9 million square feet including 5.9 million square feet of non-owned shopping centers managed for third parties. Additional information can be found at cblproperties.com.

Information included herein contains “forward-looking statements” within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including without limitation the Company’s Annual Report on Form 10-K and the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included therein, for a discussion of such risks and uncertainties.

Investor Contact:
Katie Reinsmidt
423-490-8301
EVP – Chief Investment Officer
katie.reinsmidt@cblproperties.com

Source: CBL & Associates Properties, Inc.

CBL & Associates Properties President and CEO Stephen D. Lebovitz to present at REITWeek 2017: NAREIT’s Investor Forum

CHATTANOOGA, Tenn., 2017-Jun-01 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL) announced that it will provide an online audio simulcast of the presentation given by its President and Chief Executive Officer, Stephen D. Lebovitz, to the investment community at REITWeek 2017: NAREIT’s Investor Forum in New York City. The presentation will take place on Wednesday, June 7, 2017, at 8:00 a.m. Eastern Time.

The live audio broadcast of CBL’s panel presentation will be available online at cblproperties.com or https://reitstream.com/reitweek2017/cblproperties. The online replay will follow shortly after the presentation ends and continue for 30 days.

Headquartered in Chattanooga, TN, 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 123 properties, including 80 regional malls/open-air centers. The properties are located in 27 states and total 76.9 million square feet including 5.9 million square feet of non-owned shopping centers managed for third parties. Additional information can be found at cblproperties.com.

Contact:
Katie Reinsmidt
423-490-8301
EVP – Chief Investment Officer
katie.reinsmidt@cblproperties.com

Source: CBL & Associates Properties, Inc.

CBL & Associates Properties closes sale of College Square in Morristown and Foothills Mall in Maryville, Tennessee

CHATTANOOGA, Tenn., 2017-May-12 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL) today (5/11/2017) announced that it closed on the sale of College Square in Morristown, TN and Foothills Mall in Maryville, TN for $53.5 million, all cash. Proceeds from the sale were used to reduce outstanding balances on the Company’s lines of credit.

“The sale of these two malls successfully brings our portfolio transformation strategy, which we started in 2014, to a close, having executed on 20 transactions with a total value of nearly $800 million,” said Stephen Lebovitz, president & chief executive officer. “Through this program, we now have a portfolio of higher-quality, higher growth assets that are positioned to benefit from the ongoing retail evolution. We have used proceeds to fortify our balance sheet, improving flexibility and, along with our free cash flow, providing liquidity to fund our redevelopment opportunities and other capital improvements.”

About CBL & Associates Properties, Inc.

Headquartered in Chattanooga, TN, 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 124 properties, including 81 regional malls/open-air centers. The properties are located in 27 states and total 76.9 million square feet including 5.9 million square feet of non-owned shopping centers managed for third parties. Additional information can be found at cblproperties.com.

Information included herein contains “forward-looking statements” within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including without limitation the Company’s Annual Report on Form 10-K and the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included therein, for a discussion of such risks and uncertainties.

Investor Contact:
Katie Reinsmidt
423-490-8301
EVP – Chief Investment Officer
katie.reinsmidt@cblproperties.com

Media Contact:
Stacey Keating
423-490-8361
Director – Public Relations & Corporate Communications
stacey.keating@cblproperties.com

Source: CBL & Associates Properties, Inc.

CBL & Associates Properties closes sale of The Outlet Shoppes at Oklahoma City for a gross sales price of $130.0 million

CHATTANOOGA, Tenn., 2017-May-02 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL) today (May 1, 2017) announced that it, along with its joint venture partner Horizon Group Properties, closed on the sale of The Outlet Shoppes at Oklahoma City in Oklahoma City, OK, for a gross sales price of $130.0 million. Approximately $70.1 million, including defeasance costs, in loans secured by the property were retired concurrent with the close. CBL’s share of net equity proceeds, after retirement of secured loans and closing costs, was $38.0 million. Net proceeds were used to reduce outstanding balances on the Company’s lines of credit.

“Our outlet center development program has created tremendous value for CBL and our shareholders,” said Stephen Lebovitz, president & chief executive officer. “The Outlet Shoppes at Oklahoma City was the first project we developed with Horizon and has been a huge success. We are pleased to demonstrate the value of our outlet portfolio and provide additional liquidity to reduce leverage and help fund our redevelopment program.”

About CBL & Associates Properties, Inc.

Headquartered in Chattanooga, TN, 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 125 properties, including 82 regional malls/open-air centers. The properties are located in 27 states and total 77.4 million square feet including 5.9 million square feet of non-owned shopping centers managed for third parties. Additional information can be found at cblproperties.com.

Information included herein contains “forward-looking statements” within the meaning of the federal securities laws.Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated.Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements.The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including without limitation the Company’s Annual Report on Form 10-K and the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included therein, for a discussion of such risks and uncertainties.

Investor Contact:
Katie Reinsmidt
423-490-8301
EVP – Chief Investment
Officerkatie.reinsmidt@cblproperties.com

Media Contact:
Stacey Keating
423-490-8361
Director – Public Relations & Corporate Communications
stacey.keating@cblproperties.com

Source: CBL & Associates Properties, Inc.

CBL & Associates Properties to add home retailer West Elm and Pieology Pizzeria to Friendly Center in Greensboro, NC

CHATTANOOGA, Tenn., 2016-Feb-10 — /EPR Retail News/ — CBL & Associates Properties (NYSE: CBL), Inc. announced plans to add home retailer West Elm at Friendly Center in Greensboro, NC, as part of a new 12,709-square-foot self-development project. West Elm will occupy approximately 9,000 square feet of the total expansion, which also includes Pieology Pizzeria and an additional soon-to-be-named retailer.

“We are excited to announce the expansion of Friendly Center and the addition of West Elm,” said Stephen Lebovitz, president and chief executive officer, CBL & Associates Properties, Inc. “West Elm will not only enhance the center by delivering a great retail name, but also demonstrates our commitment to investing in the property’s continued growth.”

West Elm’s location at Friendly Center will be the first in the CBL portfolio, joining other top Friendly Center exclusive names such as lululemon, Anthropologie and Altar’d State. The addition of West Elm underscores CBL’s commitment to bringing high-end, new-to-market retailers to centers. To support this initiative, CBL has appointed Laura Farren to the newly created position of National Director – Premier Accounts. In this role, Farren cultivates new partnerships with leading retailers to ensure that CBL’s portfolio continues to deliver the best in today’s retail to our customers.

The new development is located between Anthropologie and Whole Foods, facing West Friendly Avenue. Construction on the space is currently underway, and both West Elm and Pieology plan to open in fall 2016.

About West Elm
West Elm helps customers express their personal style at home. Headquartered in Brooklyn, NY, the brand opened its first store in 2003 in DUMBO, the neighborhood it still proudly calls home. Everything West Elm does is designed to make an impact, from its commitment to Fair Trade Certified, local and handcrafted products to its community-driven in-store events and collaborations. Mixing clean lines, natural materials and handcrafted collections from the U.S. and around the world, West Elm creates unique, affordable designs for modern living. The brand operates 87 retail stores in the United States, Australia, Canada and the UK, ships internationally to customers around the world and operates stores in Mexico, the Middle East and Philippines through unaffiliated franchisees. West Elm is part of an active community on Facebook, Instagram, Pinterest, Twitterand YouTube, and is a member of the Williams-Sonoma, Inc. portfolio of brands.

About Pieology Pizzeria
Using only the freshest ingredients along with signature sauces and crusts, award-winning Pieology Pizzeria offers hand-crafted, personally-inspired pizzas in unlimited flavor combinations that are stone oven fired in less than three minutes. The recently introduced customizable salad program is available at select locations with plans to roll out chain wide in 2016. Founded in 2011 by Carl Chang, Pieology was created from the simple idea to turn America’s most crave-able food into an affordable and interactive experience. The mission of Pieology Pizzeria is to inspire individual creativity in a positive atmosphere where guests can gather with family and friends, while enjoying their delicious pizza creations. Along with providing great food and a memorable dining experience, Pieology is committed to making a positive difference in the communities it serves, one pie at a time. Recently named the #1 Fastest Growing Chain by Technomic, Pieology is steadily expanding its U.S. footprint, with commitments throughout the country in various stages of development. For more information, visit www.pieology.com, and follow us on Facebook, Twitter and Instagram.

About Friendly Center
Friendly Center and The Shops at Friendly Center is a complete lifestyle shopping, dining and entertainment experience featuring Anthropologie, Apple, Ann Taylor, Banana Republic, Brooks Brothers, Chico’s, J.Crew, LOFT, Soma Intimates, White House|Black Market, and restaurants including BRAVO! Cucina Italiana and Fleming’s Prime Steakhouse & Wine Bar. The complex, which boasts over 1.3 million square feet, is anchored by Belk, Macy’s, Sears, The Grande Cinema, Barnes & Noble Booksellers, Old Navy, Harris Teeter and REI. Friendly Center is located in Greensboro, the heart of North Carolina, which is enjoying a rise in upscale downtown living. The area also benefits from seven local colleges and universities with more than 55,000 college students. For more information, please visit www.FriendlyCenter.com.

About CBL & Associates Properties, Inc.
Headquartered in Chattanooga, TN, 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 147 properties, including 91 regional malls/open-air centers. The properties are located in 30 states and total 84.7 million square feet including 7.0 million square feet of non-owned shopping centers managed for third parties. Additional information can be found at cblproperties.com.

CBL contact: Stacey Keating, Director of Public Relations, 423.490.8361, Stacey.Keating@CBLProperties.com

CBL & Associates Properties and DreamWorks Animation bring the Ultimate Santa Adventure at Oak Park Mall; set to open on November 7

CHATTANOOGA, Tenn., 2015-10-6 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE:CBL) today announced that it will host the Ultimate Santa Adventure at Oak Park MallA DreamWorks DreamPlace is a captivating and interactive Santa adventure for the entire family that is set to open to the public on Saturday, November 7. DreamWorks Animation, the global family entertainment brand known for award-winning storytelling and industry leading innovation, has chosen Oak Park Mall in Overland Park, KS, part of the greater Kansas City market, as one of the premier locations around the world during the 2015 holiday season to feature this experience.

“We’re thrilled to work with DreamWorks Animation to bring this incredibly unique experience to our guests at Oak Park Mall,” said Stephen Lebovitz, President and CEO, CBL & Associates Properties, Inc. “The Santa experience is a longstanding tradition for many families and DreamPlace is unlike any Santa experience we’ve hosted previously – a true must-visit destination for the holiday season!”

Ultimate Santa AdventureA DreamWorks DreamPlace is a first of its kind holiday experience that starts with Shrek and ends with Santa, seamlessly blending storytelling with cutting-edge technology. Appointments can be made through the web, allowing families to enjoy Oak Park Mall before or after embarking on an unforgettable adventure.

“Following a fantastic national launch during the 2014 holiday season, DreamPlace is back to turn the traditional mall holiday visit into something truly special with an immersive, interactive approach that draws on our signature brand of technology, storytelling, and of course, humor,” said DreamWorks Animation’s Head of Retail Development Paul Kurzawa. “Shrek and his friends are here to bring the holidays to life with an unparalleled experience which fans will absolutely love.”

Ultimate Santa AdventureA DreamWorks DreamPlace opens on Saturday, November 7, at 10 am with a holiday kick-off party that will include entertainment and activities for the kids and special holiday treats. Reservations are strongly encouraged and can be made by visiting TheNewOakParkMall.com.

About Oak Park Mall
Oak Park Mall is conveniently located in Overland Park, Kansas, just off of Highway 69 at West 95th Street. The shopping center is the exclusive home in the Kansas City metro area to Nordstrom, Disney Store, Oakley, LUSH, Microsoft, Teavana, and more than 185 specialty stores, boutiques and eateries. Oak Park Mall also is home to Kansas City’s only American Girl store. Oak Park Mall is owned and managed by CBL & Associates Properties, Inc. Additional information can be found at TheNewOakParkMall.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 147 properties, including 90 regional malls/open-air centers. The properties are located in 30 states and total 84.0 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.

SOURCE: CBL & Associates Properties, Inc.

 

CBL & Associates Properties, Fisher-Price partner to design soft play area attractions at select CBL centers nationwide

CHATTANOOGA, Tenn., 2015-9-21 — /EPR Retail News/ — CBL & Associates Properties, Inc. and PLAYTIME, LLC are pleased to announce a multi-year partnership with Fisher-Price, Inc., one of the world’s leading infant and preschool toy manufacturers, and a subsidiary of Mattel, Inc., to design soft play area attractions at select CBL centers nationwide.

“We are thrilled to be the first shopping center owner to partner with Fisher-Price on such a project,” said Stephen Lebovitz, President and CEO of CBL & Associates Properties, Inc. “Children’s play areas have always been an important amenity at CBL shopping centers. This partnership will allow us to provide families and children an unparalleled experience with characters and toys they know and love.”

The play areas will resemble a larger-than-life Toy Box featuring iconic brands like Thomas & Friends™, Little People® and more. PLAYTIME, LLC, long-time partner of CBL, will bring these highly recognizable and well-loved characters to life in interactive, engaging attractions exclusive to CBL malls.

“Partnering with Fisher-Price was such a natural fit based on our companies shared focus of capturing imaginations and creating one-of-a-kind experiences,” stated Jeff Evans, Director of Business Development at PLAYTIME, LLC. “What better way for kids and families to connect with these iconic characters than introducing them in a larger than life Toy Box! CBL has always challenged us to deliver first class play areas to the communities it serves, and I believe we’ve done exactly that with this design. I can’t wait for the grand openings!”

“When these play attractions open, families with young children across the country will experience the thrill of stepping into a toy box filled with their favorite toys,” said Geoff Walker, Executive Vice President, Commercial, North America for Mattel. “Children will be able to play amongst larger-than-life classics that have been loved for generations. It’s going to be like a child’s dream come to life.”

The five-year partnership kicks off this fall with the first three attractions opening at West Towne Mall in Madison, WI; Asheville Mall in Asheville, NC; and Monroeville Mall in Monroeville, PA, just in time for the 2015 holiday season. Three additional attractions will open in early 2016 and locations will be announced in the coming months. Over the next three years, the partnership is planned to extend to more than eighteen malls across the country.

About Fisher-Price
In 1931, Herman Fisher and Irving Price embarked on a journey to change the toy industry. Their goal: creating playthings that inspire a child’s development. More than 80 years later, Fisher-Price remains deeply rooted in the belief that play is the way children learn best. To this day, understanding the importance of play in building a child’s skills is the fundamental principle, as the company strives to enrich the lives of families with young children around the globe. United by the passion for a child’s safe care and development at each age and stage, the people of Fisher-Price work tirelessly to bring families the best toys and baby products in the world. Some of the company’s best-known brands include Laugh & Learn®, Little People®, Power Wheels®, and Imaginext®. Fisher-Price is a subsidiary of Mattel, Inc. (NASDAQ:MAT). For more information, visit www.fisher-price.com (U.S.) and www.fisher-price.ca (Canada) or connect with Fisher-Price on Instagram, YouTube, Facebook, Twitter or Pinterest.

About Thomas & Friends™
Thomas the Tank Engine was created by a father for his son 69 years ago and today is enjoyed by families in more than 185 territories and in 30 languages. The #1 blue engine and his friends invite children to enter a world of imagination through the tracks of a train and the words of a story. Children embark on adventures with their engine friends while experiencing timeless life lessons of discovery, friendship and cooperation. Thomas & Friends makes tracks to great destinations on PBS KIDS®, Sprout® and on Five’s Milkshake! and Nick Jr in the UK and on CCTV in China. Downloadable episodes are available through iTunes. For more information about the world of Thomas the Tank Engine™ and his friends, please visit www.thomasandfriends.com.

About PLAYTIME
PLAYTIME is the global provider of unique, interactive indoor, outdoor and water play areas and playground equipment. Family-friendly businesses that want to stand out, hire PLAYTIME to create powerful play experiences. PLAYTIME’s commercial playground equipment and themed soft play areas are designed to engage children, drive traffic and enhance its customer’s brands. Thousands of families EXPERIENCE PLAYTIME every day at malls, restaurants, airports, stadiums, childcare centers, healthcare centers, fitness centers, churches, resorts, water parks, and museums – any place that kids and toddlers play.

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 147 properties, including 90 regional malls/open-air centers. The properties are located in 30 states and total 84.0 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

CBL & Associates Properties appoints Chris Bursch as VP Information Technology

Chattanooga, TN, 2015-9-16 — /EPR Retail News/ — CBL & Associates Properties, Inc. today announced the addition of Chris Bursch as Vice President – Information Technology. Mr. Bursch will be responsible for all areas of Information Technology at CBL.

“We are pleased to welcome Chris to the CBL team,” said Stephen Lebovitz, President and CEO, CBL & Associates Properties, Inc. “Chris comes to us with significant experience directing and delivering technology solutions within the financial services industry.”

Mr. Bursch brings with him more than 30 years of experience in IT Leadership within the financial services, and most recently, the pharmaceutical industry. Prior to joining CBL, he owned an IT management consulting business and held various leadership positions within information technology in the Chattanooga area.

Mr. Bursch holds a Bachelor of Science degree in Business and Information Technology from Appalachian State University.

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 147 properties, including 90 regional malls/open-air centers. The properties are located in 30 states and total 84.0 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 & Associates Properties, Inc. announced the addition of Monique Berke as VP – Business Transformation

CHATTANOOGA, Tenn., 2015-4-7 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE:CBL) today announced the addition of Monique Berke as Vice President – Business Transformation. Berke will be responsible for overseeing project teams and implementation of the Company’s business and technology initiatives.

“We are pleased to welcome Monique to the CBL team,” said Mike Harrison, senior vice president – strategic and technology initiatives. “Her unique background managing teams and implementing strategic programs across multiple disciplines will provide significant value to CBL as we continually look for new ways to improve our business and processes.”

Berke has more than 25 years of experience in consulting, operations and human resources in the financial services industry. Prior to joining CBL, she served in various leadership positions at Unum Group in Chattanooga, TN, including, most recently, vice president, investment operations for the Investment division. She founded and served as principal of Berke Coaching & Consulting for eight years and served as chief operating officer and vice president for external affairs at The Ochs Center for Metropolitan Studies. Additionally, Berke brings a dedication to community service including serving on the boards of a number of non-profit and community organizations. Among others, Berke has been a board member of the Lyndhurst Foundation, Community Foundation of Greater Chattanooga and Jewish Federation of Greater Chattanooga, and is a past board chair of the Creative Discovery Museum and Children’s Advocacy Center of Hamilton County. She currently serves on the boards of Siskin Rehabilitation Hospital and Cornerstone Bancshares. Berke holds a B.A. in Psychology and an M.B.A. from Stanford University.

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.

Contact: Dan Summerlin, Director of Corporate Relations, 423.490.8315, dan_summerlin@cblproperties.com

CBL & Associates Properties, Inc. announced leadership promotions

CHATTANOOGA, Tenn., 2015-2-11 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL) today announced the promotions of Andrew Cobb to senior vice president and director of accounting, Stuart Smith to senior vice president – planning/redevelopment, Jennifer Cope to vice president – shared services, Jon Meshel to vice president – development/redevelopment, and Ken Wittler to vice president – development.

Commenting on the promotions, CBL’s President and CEO, Stephen Lebovitz said, “These individuals have established themselves as leaders within CBL in their respective fields and the shopping center industry. We are pleased to recognize their accomplishments and significant contributions to the Company with these promotions.”

Andy Cobb joined CBL in June 2002, as vice president – accounting. In February 2007, he was promoted to vice president and director of accounting. Prior to joining CBL Cobb was an audit manager for Arthur Andersen. Cobb is a graduate of Tennessee Technological University, with a Bachelor of Science in Accounting and is a Certified Public Accountant.

Stuart Smith joined CBL as director of tenant coordination in January 2001, and then became director – tenant design and development in April 2003. He was promoted to vice president – planning/redevelopment in February 2007. Smith has been an integral part of numerous anchor store additions to CBL malls and is responsible for advanced planning for all mall expansions and redevelopments within the Company. Smith is a graduate of Penn State University.

Jennifer Cope joined CBL in July 2001, as a junior analyst in Financial Services. In July 2003, Cope was promoted to financial analyst and then to senior financial analyst in July 2006. Her responsibilities included the management of CBL’s insurance and risk management programs, technology for lease reporting needs, joint venture partner relations, and loan closings and assumptions. In June 2011, Cope was promoted to director – financial services & risk management and then to director – business transformation in March 2014. Cope is a graduate of University of Tennessee at Chattanooga with a Bachelor of Science in Finance and an EMBA.

Jon Meshel joined CBL as assistant project manager in August 1999, and was promoted to project manager in September 2003. In November 2011, Meshel relocated from Boston to Chattanooga as director – development/redevelopment and is responsible for adding larger store formats to CBL’s malls. Meshel is a graduate from McGill University in Montreal, Quebec with a Bachelor of Arts in Economics.

Ken Wittler joined CBL as a project manager in November 1997. Since then, Wittler has overseen the development of more than a dozen malls, additions and renovations for the Company. Prior to joining CBL, Wittler served six years as project manager for Jim Wilson & Associates and four years as Field Engineer for Tribble & Stephens Construction Company. Wittler is a graduate of University of Texas at San Antonio.

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: Dan Summerlin, Director of Corporate Relations, 423.490.8315, dan_summerlin@cblproperties.com

CBL & Associates Properties, Inc. President Stephen D. Lebovitz nominated for ICSC Chairmanship

New York, 2015-1-23 — /EPR Retail News/ — The International Council of Shopping Centers (ICSC) announced today that Stephen D. Lebovitz, president and CEO of CBL & Associates Properties, Inc., has been selected by ICSC’s Board of Trustees nominating committee to serve as the association’s chairman for the 2015–2016 term.  If, as expected, Lebovitz is elected at ICSC’s annual meeting of members in May during RECon, he will succeed Robert F. Welanetz, global retail real estate advisor for Blackstone Real Estate Partners, and become the association’s 56th chairman.

Lebovitz, along with his father Charles who served as CEO until 2010, and two brothers — Alan, the firm’s senior vice president for asset management; and Michael, who is executive vice president for development and administration — have overseen the dramatic growth of CBL since it went public in 1993. Today the firm boasts a $10 billion market capitalization and some $4 billion in equity value, about 80 malls or large open-air centers, and an additional 50 smaller community, power and open-air centers.

“Under Stephen’s skillful leadership, we have watched CBL grow and prosper, even during some very challenging economic times,” said Michael P. Kercheval, ICSC’s president and CEO. “ICSC has similarly benefited from his insights and extraordinary energy. I can’t think of anyone more suited to leading our organization in the coming year.”

Even before Lebovitz joined CBL, he cultivated an early enthusiasm for the industry, working summer jobs during his years at Stanford University at such companies as JMB Realty Corp., Trammel Crow Co., and — between college and Harvard Business School — Goldman Sachs. “I had this magnetic attraction to real estate,” he said, noting that he has also taught college courses on the subject.

Lebovitz has been active in ICSC since the very beginning of his career. Shortly after graduating from Harvard Business School and setting up CBL’s Northeast office, in Boston, he was invited by past ICSC Chairman Stephen Karp, now chairman of New England Development, to get involved in ICSC and become the organization’s state director for Massachusetts. He was subsequently named ICSC’s Eastern divisional vice president and has also served as an ICSC state operations chairman, an ICSC trustee and on the Executive Committee. Lebovitz has also been an active ICSC faculty member. “ICSC really has been the facilitator for so many relationships that I’ve been able to develop over the years in the business,” Lebovitz said. “By volunteering, by working, that’s how you get to know people.”

ICSC should also do all it can to toot the industry’s horn when it comes to shopping centers’ contribution to society, Lebovitz says. “There are so many positives that shopping centers add to the economy, to communities, to individuals,” he said. “I just think we need to do all we can to get that story out there.”

“Stephen’s vast industry expertise, coupled with his extensive ICSC volunteer experience, makes him uniquely qualified to lead this organization, given the many changes the industry and the association are facing in today’s dynamic retail environment,” said Drew Alexander, president and CEO of Weingarten Realty Investors and chairman of ICSC’s Nominating Committee of the Board of Trustees.

Lebovitz, 54, does not spend all his spare time in malls though, and his philanthropic activities are many. He is a trustee of Milton (Mass.) Academy. He is a former director, campaign chairman and committee chairman for the Combined Jewish Philanthropies of Boston and received that organization’s Edwin Sidman Leadership Award in 2014. He is also a former member of the Trust Board of Boston Children’s Hospital.

An avid cyclist, Lebovitz won a silver medal and a bronze medal competing in the international Maccabiah Games last year. In addition, he has completed the annual Pan-Mass Challenge fundraiser for cancer research these past 15 years and the Leadville Trail 100 mountain bike race these past eight years. Lebovitz lives with his wife, Lisa, in Weston, Mass., and they have four children.

Founded in 1957, ICSC is the premier global trade association of the shopping center industry. Its more than 68,000 members in over 100 countries include shopping center owners, developers, managers, marketing specialists, investors, retailers and brokers, as well as academics and public officials.  For more information, visit www.icsc.org.

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Contact: Jesse Tron
+1 646-728-3814
jtron@icsc.org
@JesseTronPR

CBL & Associates Properties, Inc. President Stephen D. Lebovitz nominated for ICSC Chairmanship

CBL & Associates Properties, Inc. announced Robert Snetman is now Senior Director – Asset Management and Third Party Services

CHATTANOOGA, Tenn., 2015-1-12 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL), today announced Robert Snetman is now Senior Director – Asset Management and Third Party Services. In his new role, Snetman will focus upon further development and growth of CBL’s third party management and leasing services.

Snetman began his career with CBL in 1994 as an assistant manager at CoolSprings Galleria in Franklin, TN. In 1996, he moved to CBL’s corporate office as a senior leasing manager. Snetman was promoted to senior director of Sponsorship and Branding in 2001, then to senior director of Peripheral Development in 2006.

“In his 20 years with CBL, Robert has demonstrated a proven track record of successes,” said Stephen Lebovitz, president and CEO of CBL & Associates Properties, Inc. “His contributions to CBL have been substantial and we look forward to having Robert’s talents added to our Third Party Services team.”

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.

Contact: Dan Summerlin, Director of Corporate Relations, 423.490.8315, dan_summerlin@cblproperties.com

CBL & Associates Properties, Inc. and Stirling Properties form joint venture to develop Ambassador Town Center in Lafayette, Louisiana

Development over 90% Leased Prior to Construction Start

CHATTANOOGA, Tenn., 2015-1-6 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL) and Stirling Properties announced today a joint venture to develop Ambassador Town Center in Lafayette, Louisiana. The approximately 58-acre site is located at the corner of Ambassador Caffery Parkway and Kaliste Saloom Road. The retail center will be built in one phase and will be approximately 425,000 square feet with major retailers includingCostco, Dick’s Sporting Goods, Field & Stream, Marshalls, HomeGoods, Nordstrom Rack, Off Broadway Shoes,Chuy’s, Panera Bread and Freddy’s Frozen Custard & Steakburgers. The majority of the retailers committed to the project are either first-time locations within Lafayette or Louisiana, or both. Construction is set to begin this month, with a projected opening of March 2016.

“Stirling Properties is excited about our partnership with CBL to develop Ambassador Town Center and believes that this joint venture brings the best possible team together to build this project,” said Stirling Properties’ Senior Vice President of Development Townsend Underhill. “We know this site to be an excellent location for a retail development in this market and we are happy to continue our long and successful development history in the city of Lafayette.”

“Ambassador Town Center is well-located and has attracted a best-in-class retail line-up even before construction has commenced,” said Michael Lebovitz, CBL’s Executive Vice President – Development and Administration. “We are pleased to partner with Stirling Properties on this project and are looking forward to announcing additional retailers as the development progresses.”

Ambassador Town Center is expected to create approximately 2,200 construction jobs, 1,000 permanent jobs and generate nearly $9 million annually in sales taxes for the city of Lafayette.

“This project is a sign of Lafayette’s strong economy and our willingness to work with the private sector for needed infrastructure in our community,” stated Joey Durel, Lafayette City-Parish President. “Retailers like those that have committed will be a regional draw for Lafayette, and the public infrastructure that will be built to provide a route parallel to Ambassador Caffery is necessary for one of the fastest growing areas in the state of Louisiana.”

Public infrastructure improvements are being funded through a payment in lieu of tax arrangement (PILOT), which includes a new connection between Frem Boustany Road and Kaliste Saloom Road and multiple improvements to the existing road system. Under the arrangement, The Industrial Development Board for Lafayette Parish has agreed to allocate a portion of the property taxes that will be created by the development of this project to build the public infrastructure.

For leasing information, please contact: Ryan Pecot, 337.572.0246 or rpecot@stirlingprop.com, or Rodney Gordon, 423.553.8704 or rodney_gordon@cblproperties.com.

About Stirling Properties
Stirling Properties is one of the most diversified full-service commercial real estate companies in the country. Regionally focused and nationally acclaimed, we utilize a comprehensive set of resources and rely on a team of trusted experts in Brokerage Services, Development and Redevelopment, Acquisitions and Investments, and Property and Asset Management over a wide array of property types to deliver long-term value to our clients across the Gulf South. With offices located in Jackson, Mississippi; Mobile, Alabama; Pensacola, Florida; Baton Rouge, Lafayette, New Orleans, Metairie, Covington, Hammond, and Shreveport/Bossier City in Louisiana, Stirling Properties is one of the largest real estate firms in the Gulf South. Connect with Stirling Properties on the web at www.stirlingproperties.com, “like” us on facebook.com/stirlingproperties, follow us @StirlingProp on twitter.com/StirlingProp or subscribe to our Stirling Insights blog.

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: Dan Summerlin, Director of Corporate Relations, 423.490.8315, dan_summerlin@cblproperties.com
Stirling Properties contact: Roslyn Pellegrin, Marketing Coordinator, 985-246-3764, rpellegrin@stirlingprop.com

-END-

CBL & Associates Properties, Inc. announces that Black Friday weekend sales and traffic increased over last year

Amid Reports of Negative National Sales, CBL’s Shopping Centers Continue to Attract Shoppers

CHATTANOOGA, Tenn., 2014-12-5 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL), announced today that Black Friday weekend sales and traffic increased over last year. In addition to traditional retailers seeing an uptick in sales, photo sales and visits with Santa Claus are up over last year as well. National retail organizations and news outlets are predicting this positive trend to be maintained for sales nationwide as retailers continue to offer in-store discounts throughout the holiday season.

“The positive sales reports for the Black Friday Weekend from the CBL portfolio are encouraging,” said Stephen Lebovitz, president and chief executive officer of CBL & Associates Properties, Inc. “CBL Malls across the country are creating an inviting holiday experience. Shoppers will enjoy the exciting promotions and festive events that keep our centers as their favored destination for shopping, dining and entertainment.”

While fantastic sales and significant seasonal discounts entice shoppers to visit malls during the holidays, it’s the festive holiday shopping experience that sets traditional shopping centers apart from their online competitors. From glistening lights, winter greenery, red bows and colorful swags, the look and feel of Christmas abounds. CBL Centers nationwide are filled with holiday sights, sounds and festive décor and of course, Santa is available for photos through Christmas Eve.

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: Dan Summerlin, Director of Corporate Relations, 423.490.8315, dan_summerlin@cblproperties.com

CBL & Associates Properties, Inc. announces the opening of the expansion at Fayette Mall in Lexington, KY

Lexington’s premier shopping destination showcases new offerings
and heralds start of the holiday season

CHATTANOOGA, Tenn., 2014-11-12— /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL), announced the opening of the expansion at Fayette Mall in Lexington, KY. Designed to significantly enhance the offerings at the shopping center, the redevelopment of the former Sears location included 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. New retailers include The Cheesecake Factory, H&M, Eddie Bauer, Oakley, Clarks, Swarovski, Janie and Jack, Jos. A. Bank, Altar’d State, L’Occitane, Vera Bradley, and Zales. Michael Kors and Brighton Collectibles also opened new stores at the shopping center within the past month. Additional stores and restaurants such as Pink, Island Purveyor featuring Tommy Bahama, New Balance, Newk’s, Chipotle and Travinia Italian Kitchen are under construction and will soon be joining Fayette Mall in early 2015.

“The expansion of Fayette Mall allows us to further the tremendous growth of one of our most successful and productive centers as well as reinforce its dominant position in the market,” said Stephen Lebovitz, president and chief executive officer, CBL & Associates Properties, Inc. “The mall continually maintains a full occupancy rate, and the queue of retailers interested in joining the center is growing. We are pleased to introduce a number of new retail names to the market like The Cheesecake Factory and H&M which demonstrates our commitment to continually enhance our properties.”

Fayette Mall is a 1.4 million square-foot super regional mall featuring more than 150 specialty stores and eateries and is anchored by Dillard’s, Macy’s, JCPenney and Dick’s Sporting Goods. 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 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: 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.