CBL Properties Launches “We Are Local” Campaign Highlighting Strong Connection with Its Communities
March 31 2021 - 10:00AM
Business Wire
CBL Properties (OTCMKTS:CBLAQ) today announced the launch of a
new campaign highlighting the local impact of its shopping centers
in their communities. Across its portfolio, CBL is home to more
than 1,300 locally owned businesses.
“Customers don’t always realize that when they visit their
hometown mall, they are supporting local businesses,” said Stephen
Lebovitz, chief executive officer, CBL Properties. “By visiting
their local CBL mall they are bringing to fruition the dreams of
local entrepreneurs, contributing to the funding of critical school
and community programs through sales and ad valorem tax, helping
local non-profit organizations and creating job opportunities for
their friends and neighbors employed at or around the mall. We are
proud of the prominent role we play in contributing to our local
communities.”
CBL’s properties are economic engines in their markets,
employing an estimated 100,000 people across 24 states and
contributing nearly $70 million in annual property taxes as well as
millions of dollars in annual sales tax that fund vital programs in
their communities. Each property is a valued community partner,
serving as host to over 350 community and other events throughout a
typical year (pre-COVID). The more than 1,300 locally owned
businesses that operate across CBL’s portfolio comprise more than
3.2 million square feet and generate over $284 million in annual
sales.
“Our properties are where people work their first job or build
lifelong careers, they are hubs of social interaction, and
community partners providing support to local non-profit
organizations,” Lebovitz said. “Our properties are a place where
entrepreneurs can start a business and build on their success.”
Some of the unique local businesses available to shop at CBL
properties include Bourbon Creek at Fayette Mall in Lexington,
Kentucky, Bo2S Lady Designs at West Towne Mall in Madison,
Wisconsin, and Mason & Magnolia at Coastal Grand in Myrtle
Beach, South Carolina. These locally owned retailers, and numerous
others, will be featured on CBL’s social media and local TV
segments as part of the company’s ongoing “We Are Local”
campaign.
Bourbon Creek at Fayette Mall, owned by a husband and wife team
who live and work in Lexington, creates custom home décor items
using aged reclaimed lumber, barn wood, and Kentucky bourbon
barrels. “I believe there is a very small group of people out there
that know they’re on life’s treadmill and want so badly to work for
themselves,” said Mark Thomas, owner of Bourbon Creek. “But,
they’re not sure if they can afford it or they’re concerned the
business may fail. It was an incredible and profitable adventure
partnering with CBL from the very beginning.”
Lebovitz added, “Building relationships with local entrepreneurs
and helping them realize their dream to open a brick-and-mortar
location has always been a foundational component of our business.
Whether it’s a local franchisee of a national chain or a small
business owner with one location, each operator is a critical part
of our properties.”
Businesses and entrepreneurs can learn more about short-term and
long-term leasing opportunities at CBL’s properties by clicking
here.
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
104 properties totaling 63.8 million square feet across 24 states,
including 63 high-quality enclosed, outlet and open-air retail
centers and seven properties managed for third parties. CBL seeks
to continuously 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/20210331005095/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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