CBL Properties Announces Redevelopment Plans at Kirkwood Mall in Bismarck, North Dakota
February 13 2020 - 10:00AM
Business Wire
CBL Properties (NYSE:CBL) today announced the first phase of
redevelopment plans for the former Herberger’s department store
building at Kirkwood Mall in Bismarck, North Dakota. Kirkwood Mall
will welcome three fast casual restaurants, including Five Guys as
well as new-to-market Blaze Pizza and Chick-fil-A. As part of the
project, roughly 40,000 square feet of the former Herberger’s
building will be demolished to make way for these new restaurants.
The remaining 52,000 square feet will be utilized in future phases,
which will include the addition of new retail or alternative uses.
An additional pad is being created in the former Herberger’s
parking area, which is available for restaurant or service uses.
Details will be announced once plans are finalized.
“We are thrilled to bring these in-demand dining options to the
Bismarck community,” said Stephen Lebovitz, chief executive
officer, CBL Properties. “Kirkwood Mall holds the dominant position
in the market, offering a number of exclusive tenants including
Carter’s|OshKosh B’gosh, Sephora, H&M, and Target. The addition
of Blaze Pizza, Five Guys, and Chick-fil-A will complement the
property’s existing mix and further solidify Kirkwood’s strength in
the market.”
Five Guys and Blaze Pizza will be built in the former
Herberger’s parking lot facing South 3rd Street, adjacent to
SCHEELS. Chick-fil-A will be located on the north side of the
former Herberger’s parking lot facing South 3rd Street near I.
Keating Furniture.
Construction on this project will begin this spring. More
detailed information and grand opening details will be shared as
plans are finalized.
About Kirkwood Mall Owned
and operated by CBL Properties (NYSE:CBL) of Chattanooga, TN,
Kirkwood Mall features more than 85 great specialty shops and
eateries and is anchored by I. Keating Furniture & Flooring,
JCPenney, SCHEELS, and Target. For more information, visit
www.ShopKirkwoodMall.com.
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 108 properties
totaling 68.2 million square feet across 26 states, including 68
high-quality enclosed, outlet and open-air retail centers and nine
properties managed for third parties. CBL continuously seeks to
strengthen 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/20200213005079/en/
Investor Contact: Katie Reinsmidt, EVP & Chief Investment
Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com Media
Contact: Stacey Keating, Sr. Director of Public Relations &
Corporate Communications, 423.490.8361,
Stacey.Keating@cblproperties.com
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