CBL and Horizon Group Break Ground on Expansion of The Outlet Shoppes at Atlanta
April 16 2015 - 4:45PM
Business Wire
New Tenants Announced at Ground Breaking
Ceremony
CBL & Associates Properties, Inc. (NYSE: CBL) and Horizon
Group Properties, Inc. (OTC: HGPI), announced today that
construction has begun on the second phase of The Outlet Shoppes at
Atlanta. The 33,000 square-foot expansion is scheduled to open
before the 2015 holiday season and will bring several popular
retailers to the center including GAP Outlet and Banana Republic.
The outlet shopping center, located at the intersection of
Interstate 575 and Ridgewalk Parkway, opened July 18, 2013. Phase
II will be located at the north side of the center and will have
excellent visibility from I-575.
“The Outlet Shoppes at Atlanta is enjoying great success in the
market as sales and traffic continue to grow,” said Michael
Lebovitz, executive vice president - development and administration
for CBL. “Through this expansion, we are adding exciting new
retailers to what is already an excellent collection of
stores.”
“The expansion of The Outlet Shoppes at Atlanta, less than two
years after its opening, speaks volumes about the strength of the
market and success of the outlet concept in Atlanta,” said Gary J.
Skoien, chief executive officer of Horizon Group Properties. “The
center is easily accessible to travelers on Interstates 75, 85 and
20 and is drawing customers from a three-state area.”
About The Outlet Shoppes at
Atlanta
The Outlet Shoppes at Atlanta is the closest outlet center to
the Atlanta metro area. It features 93 famous name brand stores
including Nike, Coach, Michael Kors, Saks Fifth Avenue OFF 5TH,
Carter’s, Kate Spade, Vineyard Vines, Johnny Rockets and many more.
The Outlet Shoppes at Atlanta is located at exit 9 on I-575.
The Outlet Shoppes at Atlanta is a joint venture of CBL &
Associates Properties, Inc. and Horizon Group Properties, Inc.
Horizon and CBL are co-developers of the project; Horizon is
responsible for leasing and managing the center.
About Horizon Group Properties,
Inc.
Based in Norton Shores, Michigan with executive offices in
Rosemont, Illinois, Horizon Group Properties, Inc. is an owner and
developer of factory outlet shopping centers and is the developer
of a master planned community in suburban Chicago. For more
information, please visit www.horizongroup.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 90 regional
malls/open-air centers. The properties are located in 30 states and
total 84.6 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.Dan Summerlin,
423-490-8315Director of Corporate Relationsdan_summerlin@cblproperties.comorHorizon Group
Properties, Inc.Gina Slechta, SCMD, 402-991-0875Vice President of
Marketingmarketing@horizongroup.com
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