CBL Properties to deliver fresh new eateries at Volusia Mall in Daytona Beach, FL, and Northgate Mall in Chattanooga, TN

CHATTANOOGA, Tenn., 2018-Feb-20 — /EPR Retail News/ — CBL Properties (NYSE: CBL) today (2/19/2018) announced plans to add new dining options as part of the redevelopment of two former Sears Auto Centers. The redevelopments will deliver fresh new eateries at both Volusia Mall in Daytona Beach, Florida, and Northgate Mall in Chattanooga, Tennessee. Construction on both projects will begin in March with an expected opening this fall.

“CBL is committed to diversifying the uses at our properties to include more dining and other lifestyle options. We are thrilled to move forward with our plans to redevelop the two Sears Auto Centers we acquired last year,” said Stephen Lebovitz, president & CEO, CBL Properties. “This is one of many announcements we look forward to sharing in 2018 detailing the transformation of CBL properties through our redevelopment program.”

Bonefish Grill, Metro Diner, and The Casual Pint will join the mix at Volusia Mall. Additional tenants planned as part of the project will be announced as leases are executed.

Northgate Mall will welcome Tennessee-based Aubrey’s as well as Panda Express as part of the redevelopment.

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 119 properties totaling 74.4 million square feet across 27 states, including 76 high-quality enclosed, outlet and open-air retail centers and 12 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.

Investor Contact:
Katie Reinsmidt
423-490-8301
Executive Vice President & Chief Investment Officer
Katie.Reinsmidt@cblproperties.com

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

Source: CBL Properties

CBL Properties appoints Mike Harrison to EVP, operations and Alan Lebovitz to EVP, management

CHATTANOOGA, Tenn., 2018-Feb-16 — /EPR Retail News/ — CBL Properties (NYSE:CBL) today announced the appointment of Mike Harrison to executive vice president – operations and Alan Lebovitz to executive vice president – management.

Commenting on the promotions, CBL’s president & CEO, Stephen Lebovitz, said, “Mike and Alan 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.

“Mike has been an invaluable contributor since joining CBL in 2013. His significant financial and prior real estate experience have served as a strong foundation as he has worked effectively across departments to improve CBL’s systems and implement new technologies. Mike is an innovative thinker who will play a valuable role in advancing CBL’s operations going forward.”

Since taking over the management division, Alan has proven himself to be a hands-on leader with a team-centric approach, and he has built strong relationships with the mall teams. In this role, Alan will continue to oversee approximately 300 field team members who staff CBL’s property portfolio.

CBL also announced two promotions within the management division. Don Sewell has been promoted to senior vice president – management and Dan Wolfe to vice president – management.

Lebovitz added, “Alan’s team has decades of proven leadership within CBL and a strong desire to move the company forward. Don joined CBL in 1973, has been instrumental in supervising operations of our malls, and has worked tirelessly to achieve higher productivity for each property. Dan has exhibited great leadership with his mall teams, and he has used his extensive management background to maximize the performance of the mall management teams with which he works.”

In late 2013, Mike joined CBL to provide leadership and oversight of new strategic initiatives and technology solutions with the goal of improving CBL’s operations. CBL launched this program, dubbed CBL 2.0, in January 2014, and the first phase became fully operational in October 2015. Prior to joining CBL, Mike served for two years as senior vice president real estate and chief financial officer for a private real estate developer, owner and operator. Mike’s prior experience also includes 18 years of senior level consulting practice focused on strategic management in the real estate industry.

Alan joined CBL in 1995 serving various roles in management, leasing and development. In 2002, he was promoted to vice president – asset management and in 2009 to senior vice president – asset management. In June 2017, Alan assumed the role as head of CBL’s management division in addition to overseeing CBL’s third party and asset management division. Alan has an in-depth knowledge of the CBL portfolio and has fostered strong relationships with each mall team.

Don joined CBL in 1973 as general manager of Heartland Mall in Brownwood, Texas, and was later transferred to Post Oak Mall in College Station, Texas. In 1986, Don moved to Chattanooga and became director of operations – malls. In 2000, Don was promoted to vice president – mall management and has been instrumental in supervising the operations of CBL’s malls to achieve higher productivity.

Dan joined CBL in 1999, and prior to joining CBL’s home office management staff in 2016, he served as general manager of several CBL properties in the southeast. In his new role, Dan will be charged with assisting in the oversight of the management division as well as the marketing department.

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 119 properties totaling 74.4 million square feet across 27 states, including 76 high-quality enclosed, outlet and open-air retail centers and 12 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.

CBL Properties
Investor Contact:
Katie Reinsmidt, 423-490-8301
Executive Vice President & Chief Investment Officer
Katie.Reinsmidt@cblproperties.com
or
Media Contact:
Stacey Keating, 423-490-8361
Director of Public Relations & Corporate Communications
Stacey.Keating@cblproperties.com

Source: CBL Properties

CBL Properties unveils major anchor redevelopment project at Eastland Mall in Bloomington, IL

CBL Announces Exciting Redevelopment Plans For Former Department Store

CHATTANOOGA, Tenn., 2018-Jan-10 — /EPR Retail News/ — CBL Properties (NYSE:CBL) today (1/4/2018) confirmed details of its transformation plan for Eastland Mall in Bloomington, IL. Global fashion retailer H&M and popular fitness center Planet Fitness will join the center as part of the redevelopment of the former JCPenney store. In addition to H&M and Planet Fitness, Outback Steakhouse is also slated to join the line-up at Eastland Mall.

“We are thrilled to kick off 2018 by announcing a major anchor redevelopment project at Eastland Mall,” said Stephen Lebovitz, president & CEO, CBL Properties. “The additions of H&M and Planet Fitness are a perfect example of our commitment to bringing a dynamic mix of uses to our centers. Dining, value and fitness are increasingly in demand, and we are pleased to deliver names that not only meet this demand, but elevate the overall customer experience.”

Construction on H&M, Planet Fitness, and Outback Steakhouse is currently underway, and all tenants are set to open prior to the 2018 holiday season.

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 119 properties totaling 74.4 million square feet across 27 states, including 76 high-quality enclosed, outlet and open-air retail centers and 12 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.

Investor Contact:
Katie Reinsmidt
423-490-8301
Executive Vice President & Chief Investment Officer
Katie.Reinsmidt@cblproperties.com

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

Source: CBL Properties

CBL Properties promotes Randy Owens to Vice President – Leasing

CHATTANOOGA, Tenn., 2017-Dec-19 — /EPR Retail News/ — CBL Properties (NYSE:CBL) today announced the promotion of Randy Owens to Vice President – Leasing.

“During his 30 years with CBL, Randy has nurtured relationships with key national retailers throughout our portfolio.  He has also completed deals with a number of expanding retailers including CBL’s first ULTA Beauty store in 2011,” stated Stephen Lebovitz, president & CEO, CBL Properties. “Randy’s enthusiasm and expertise is highly regarded among his peers at CBL as well as with our retail partners. We are pleased to recognize his accomplishments and contributions to the company with this well-deserved promotion.”

Randy started his career at CBL in 1988 as a District Leasing Manager in CBL’s Community Center Leasing Division. In 2002, Randy was promoted to Senior Leasing Manager and in 2007, to Regional Leasing Director. In his new role, Randy will lead the national account and portfolio renewal team and will play a key leadership role in CBL’s overall leasing program.

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 119 properties totaling 74.4 million square feet across 27 states, including 76 high-quality enclosed, outlet and open-air retail centers and 12 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.

-END-

SOURCE: CBL Properties

MEDIA CONTACT
cbl.publicrelations@cblproperties.com

CBL Properties to close on Thanksgiving Day

CHATTANOOGA, Tenn., 2017-Oct-12 — /EPR Retail News/ — CBL Properties (NYSE:CBL) announced today that their portfolio of market-dominant regional shopping centers will close on Thanksgiving Day and open at 6:00 a.m. on Black Friday, November 24th.

“The support that we received last year when we made this decision was overwhelmingly positive,” said Stephen Lebovitz, President and CEO, CBL Properties, “It is based on this feedback from our retail partners, employees of CBL and retailers at our properties, as well as the customers in our markets that we made the decision to again close our centers on Thanksgiving Day.”

Department stores, movie theaters, restaurants, and retailers with exterior mall entrances will have the option to open their stores on Thursday. However, access to mall common areas will be restricted until 6:00 a.m. on Friday. Patrons should check their local center’s website for more specific information. Click here for a list of CBL properties.

Help us share the news, tweet or post using #MakeThanksgivingYours

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 121 properties totaling 75.5 million square feet across 27 states, including 78 high-quality enclosed, outlet and open-air retail centers and 14 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.

CBL Properties
Stacey Keating, (o) 423-490-8361 or (c) 724-331-0646
Director of Public Relations
Stacey.Keating@cblproperties.com

Source: CBL Properties

CBL Properties completes strategic rebranding initiative

CHATTANOOGA, Tenn., 2017-Oct-09 — /EPR Retail News/ — CBL Properties (NYSE: CBL) today (10/5/2017) announced the completion of a strategic rebranding initiative to update its communications and more accurately reflect the company’s current strategy, vision and values. Going forward, the company will refer to itself as CBL Properties and will use newly designed business and consumer facing communications tools and messaging.

“The rebrand aligns our corporate vocabulary with our current strategy and vision for the future of CBL,” said Stephen Lebovitz, president and CEO. “Our properties are not just about retail or shopping – they serve as gathering places for their respective communities. They are evolving through the addition of more food, entertainment, service, fitness and other new uses, and we are actively exploring adding hotels, medical, office, residential and education components. Situated in dynamic markets with excellent access and infrastructure, our properties are positioned to quickly adapt to changing consumer preferences. We are proud of our history and previous success and are committed to the ongoing evolution required to generate future growth.”

CBL is a forward-thinking company, dedicated to excellence and innovation. At the same time, CBL remains true to both its core strategy of redeveloping and actively managing its portfolio of well-positioned market-dominant properties to deliver attractive returns and to its core value of investing in its communities and its people.

“As technology continues to drive change, CBL must not only adjust its operations to compete and grow market share, but also connect more directly with consumers and other partners,” added Lebovitz. “Our new corporate and property websites, which debuted earlier this year, provide us a renewed opportunity to communicate with our audiences while highlighting the value of our company and the breadth of experiences we offer at our properties.”

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 121 properties totaling 75.5 million square feet across 27 states, including 78 high-quality enclosed, outlet and open-air retail centers and 14 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.

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

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

Source: CBL Properties

CBL selects RetailNext as its smart property solution provider

CHATTANOOGA, Tenn. & SAN JOSE, Calif., 2017-Sep-18 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE:CBL) today announced that it has entered into a partnership with RetailNext Inc., the worldwide leader in smart store retail analytics for optimizing shopper experiences. The comprehensive RetailNext platform will be deployed at two of CBL’s properties, Hamilton Place in Chattanooga, Tennessee, and Asheville Mall in Asheville, North Carolina.

“This partnership supports our ongoing commitment to enhancing the shopper experience at our properties through the thoughtful deployment of leading edge technology,” said Stephen Lebovitz, president and CEO.

“RetailNext’s platform will provide us with the data necessary to design and deliver the experience our customers demand, help inform future decisions and empower our partners to better succeed.”

CBL joins RetailNext’s rapidly growing global customer list of over 350 retail brands, and represents the new breed of property operators reinventing the brick-and-mortar experience in today’s omnichannel environment.

As the retail landscape evolves to meet the demands of the modern consumer, progressive shopping center owners like CBL are utilizing enhanced technologies to capture the shoppers’ attention. Gaining a greater understanding of customers’ shopping habits through tools like RetailNext has become increasingly important to property owners. These insights afford retailers and property owners alike the ability to create more efficient and desirable customer experiences.

“RetailNext is honored and excited to be selected by CBL as its smart property solution provider as it continues its quest to revamp the shopping experience at its properties,” said Alexei Agratchev, co-founder and chief executive officer of RetailNext. “Over the past several years, there has been an exponential growth in the deployment of IoT-powered retail analytics platforms, with innovative and creative companies like CBL recognizing the value associated with deep insights into today’s shoppers and their values, behaviors and preferences. Shoppers no longer have to shop at malls, rather they want to shop at malls, and CBL is among the leaders in designing and delivering new state-of-the-art experiences in attracting and serving customers.”

About RetailNext
The first retail vertical IoT platform to bring e-commerce style shopper analytics to brick-and-mortar stores, brands and malls, RetailNext is a pioneer in focusing entirely on optimizing the shopper experience. Through its centralized SaaS platform, RetailNext automatically collects and analyzes shopper behavior data, providing retailers with insight to improve the shopper experience real time.

More than 350 retailers in over 70 countries have adopted RetailNext’s analytics software and retail expertise to better understand the shopper journey in order to increase same-store sales, reduce theft and eliminate unnecessary costs. RetailNext is headquartered in San Jose, Calif. Learn more at www.retailnext.net.

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.

###

SOURCE: CBL & Associates Properties, Inc.

CBL completes the extension and modification of two unsecured term loans due to mature in 2018

CHATTANOOGA, Tenn., 2017-Aug-01 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL) today ( 7/31/2017) announced that it had closed the extension and modification of two unsecured term loans due to mature in 2018.

“We are extremely pleased to complete the extension and modification of these term loans,” said Stephen Lebovitz, president & chief executive officer. “With the significant negativity in the media toward the industry, this demonstrates the ongoing confidence and support by lenders in CBL and our strategy of owning dominant retail real estate.”

“Over the past several years, we have actively pursued balance sheet goals that included extending our maturity schedule as well as reducing our total debt,” said Farzana Khaleel, CBL’s chief financial officer. “We are reinforcing our liquidity by striking an appropriate balance between secured debt, unsecured term loans, lines of credit and public bonds. We are pleased to have the continued confidence and support of our lead banks, Wells Fargo and First Tennessee, as well as that of more than 15 other participating banks.”

Two unsecured term loans expiring in 2018 were modified and extended. The first, with a balance of $400 million, was increased to a balance of $490 million until July 2018, when it will be reduced to $300 million for the remainder of its term. New borrowings under this term loan were used to reduce outstanding balances on the Company’s unsecured lines of credit. The new term loan has an initial maturity date of July 2020 with two, one-year extension options (the 2nd option is at the lenders’ sole discretion), for a final maturity of July 2022. The term loan bears an interest rate of 150 basis points over LIBOR, based on CBL’s current investment grade rating of BBB-/Baa3/BBB-. Wells Fargo Bank National Association served as Administrative Agent; Citizens Bank, N.A. served as the syndication agent; and PNC Bank, National Association and U.S. Bank National Association served as documentation agents. Wells Fargo Securities, LLC, Citizens Bank, N.A., PNC Capital Markets LLC and U.S. Bank National Association served as Joint Lead Arrangers and Joint Bookrunners.

The second unsecured term loan, which currently has a balance of $50 million and was due to mature in February 2018, was modified to a new $45 million term loan. The new loan has an initial maturity date of June 2021 with an additional one-year extension option available at CBL’s discretion, for a final maturity of June 2022. The term loan bears interest at a rate of 165 basis points over LIBOR. First Tennessee Bank NA served as Administrative Agent.

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, Inc. announces promotion of Alan Lebovitz to SVP – management

CHATTANOOGA, Tenn., 2017-Jul-03 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE:CBL) announced today (June 30, 2017) that Alan Lebovitz has been promoted to senior vice president – management, effective July 1st. He succeeds Jerry Sink who recently retired from CBL after a 25 year career with the company.  As SVP of CBL’s management division, Lebovitz is responsible for overseeing the staff and operations of the Company’s 123 properties representing 76.9 million square feet and approximately 300 personnel.  He will spearhead CBL’s strategic initiatives to provide superior experiences for customers as well as efforts to generate additional revenues and income throughout the portfolio.  In addition, Lebovitz will continue to oversee the company’s third party and asset management services.

“Alan is well-respected for his enthusiastic hands-on and team-centric management style,” said Stephen Lebovitz, president & chief executive officer. “His breadth of experience in various divisions throughout his tenure at CBL makes him the ideal candidate to lead our management division into the future. Alan has in depth knowledge of the CBL portfolio and strong relationships with the mall teams.  We look forward to Alan bringing new ideas to our management area including ways to improve the customer experience and greater use of technology for communication and analytics.  Alan is well respected as a leader within the organization and we are pleased to recognize his accomplishments and contributions through this well-deserved promotion.”

Lebovitz joined CBL in 1995 as assistant general manager and tenant coordinator at WestGate Mall in Spartanburg, South Carolina. He relocated to CBL’s corporate headquarters in Chattanooga in 1997 as a project manager in the development division and worked on both new mall, community center and outparcel development as well as redevelopment projects. After progressing through various positions in development, leasing and management, Lebovitz was promoted in 2002 to VP – Asset Management and in 2009 was promoted to SVP – Asset Management and focused on strategic planning and growth initiatives. Prior to joining CBL, Lebovitz worked with Goldman, Sachs & Co in New York in real estate asset management and as a retail demographic analyst in Chicago, Illinois. Lebovitz received his BA from Northwestern University and his MBA from Vanderbilt’s OWEN Graduate School of Management.

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.

Source: CBL & Associates Properties, Inc.

CBL to transform Cary Towne Center in Cary, North Carolina into a dynamic mixed-use destination

CHATTANOOGA, Tenn., 2017-May-24 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE:CBL) today (5/22/2017) announced future plans to transform Cary Towne Center in Cary, North Carolina, into a dynamic mixed-use destination. Last week’s announcement by IKEA of its proposal to build a store adjacent to Cary Towne Center provides a keystone attraction for the project and a catalyst for its redevelopment.

Over the last several months, CBL has worked with the town of Cary to start the rezoning process with the goal of creating a flexible land use that will facilitate a creative, modern, multi-phase and multi-use redevelopment. CBL is evaluating a number of redevelopment scenarios that could feature a mix of premier retail, dining, and entertainment options as well as residential, grocery, office, and green space. CBL has commissioned Dwell Design Studio, a nationally respected mixed-use planner and the architect of record for a number of the country’s highly regarded and successful mixed-use destinations.

“CBL is thrilled that IKEA has chosen Cary Towne Center for its next potential location in North Carolina. We are committed to executing a progressive redevelopment of the project that seamlessly complements the proposed IKEA store and is reflective of the vision and unique characteristics of the market,” said Stephen Lebovitz, president and CEO of CBL & Associates Properties, Inc. “Cary Towne Center is ideally located, and there is strong demand to elevate the center to the next level.”

Businesses interested in obtaining information about the Cary Towne Center redevelopment should contact Jon Meshel, Vice President – Development/Redevelopment at Jon.Meshel@cblproperties.com or 423.490.8269.

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.

Contact:
Katie Reinsmidt
423-490-8301
Executive Vice President – 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 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 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: New Ross Dress for Less and Ulta Beauty are coming to Randolph Mall in Asheboro, North Carolina

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

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. 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.