CBL Properties Further Enhances Offerings at Parkdale Mall in Beaumont, Texas
November 01 2018 - 3:30PM
Business Wire
CBL Properties (NYSE:CBL) today announced plans to redevelop the
former Macy’s location at Parkdale Mall in Beaumont, Texas. The
nearly 110,000-square-foot redevelopment includes the addition of
DICK’S Sporting Goods, Five Below and a national home furnishing
store.
“This announcement comes on the heels of other positive
additions to Parkdale Mall over the last year, including the
addition of family-friendly entertainment concept, Tilt Studio;
Francesca’s; and two unique dining options, Salata and R Taco,
as well as the remodel and expansion of Victoria’s Secret/PINK,”
said Stephen Lebovitz, chief executive officer, CBL Properties.
“The addition of DICK’S Sporting Goods and additional
value-oriented retail will complement and enhance the diverse mix
already available at Parkdale, and we are excited to deliver these
new tenants to our visitors in the Beaumont market next year.”
Lebovitz added, “Through these anchor conversions, CBL’s
portfolio is being transformed from traditional malls to suburban
town centers that offer not just great shopping, but also
incredible dining options, health and wellness, entertainment and a
variety of other uses. In 2018 alone, we have opened or are under
construction on a dozen such redevelopment projects, and we look
forward to reinventing additional properties in the coming
months.”
Construction on this project is currently underway with an
anticipated opening in spring 2019.
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
114 properties totaling 71.9 million square feet across 26 states,
including 73 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20181101006008/en/
CBL PropertiesInvestor Contact:Katie Reinsmidt,
423-490-8301Executive Vice President & Chief Investment
OfficerKatie.Reinsmidt@cblproperties.comorMedia Contact:Stacey
Keating, 423-490-8361Director of Public
RelationsStacey.Keating@cblproperties.com
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