CBL and Horizon Group to develop Outlet Shoppes at Atlanta
Woodstock, Ga. -- Chattanooga, Tenn.-based CBL & Associates Properties and Norton Shores, Mich.-based Horizon Group Properties announced a 75/25 joint venture to develop The Outlet Shoppes at Atlanta in Atlanta (Woodstock), Ga.
Once complete, the 370,000-sq.-ft. project will be the premier outlet destination for tourists and residents of Atlanta and the surrounding area. Construction is expected to begin in spring 2012, with the grand opening scheduled for late summer 2013. CBL and Horizon are co-developing the project with Horizon responsible for leasing and management.
“Retail interest is very strong and leases have already been executed with some of the best names in the outlet business today,” said Stephen Lebovitz, president and CEO for CBL. “We are confident that The Outlet Shoppes at Atlanta will be a terrific investment for CBL.”
The Outlet Shoppes at Atlanta is currently more than 70% leased or committed with outlet retailers such as Saks Fifth Avenue Off 5th, Nike, J. Crew, Nine West, Brooks Brothers, Johnston and Murphy, Levis, Skechers, Chico’s, Guess, Michael Kors, Puma, Under Armour and more. It will be located in Woodstock, Ga., a northern suburb of Atlanta in Cherokee County.