Content about CBL & Associates Properties

Slidell, La. -- Dillard’s will anchor the fashion-oriented Phase II of Fremaux Town Center in Slidell, La., according to co-developers CBL & Associates Properties, based in Chattanooga, Tenn., and Stirling Properties out of Covington, La. Phase I of the project is currently under construction with approximately 330,000 sq. ft. anchored by Kohl’s, Dick’s Sporting Goods, Michael’s, T.J. Maxx, and Best Buy. Phase II will include up to 320,000 sq. ft. of additional retail space.

Editor's Note: Chain Store Age's 24th annual survey of Fastest-Growing Managers measures new domestic and international third-party management and leasing contracts obtained during the preceding calendar year (2012).

Last year's numbers were such that we couldn't limit our annual Fastest-Growing third-party managers listing to a top five; a sixth was added because the contract totals were that close.

York, Pa. -- The Bon-Ton Stores announced it will close its Younkers store in the Rapids Mall in Wisconsin Rapids, Wis.

The company will not renew the lease, which terminates July 31, 2013. The closing will impact approximately 45 associates at this location.

The Bon-Ton acquired the leasehold interests in the Wisconsin Rapids store as part of the Northern Department Store Group acquisition in 2006. The department store retailer said it does not expect costs associated with the closing of the location to be material.  

Chattanooga, Tenn. -- Mall owner CBL & Associates Properties said Thursday that, in 2013, it will complete multi-million dollar renovations at three major malls: Friendly Center in Greensboro, N.C.; Greenbrier Mall in Chesapeake, Va.; and The Mall of Acadiana in Lafayette, La.

Slidell, La. -- Chattanooga, Tenn.-based CBL & Associates Properties and Covington, La.-based Stirling Properties announced Wednesday the formation of a 65/35 joint venture to develop Fremaux Town Center in Slidell, La.  

Bismarck, N.D. -- Chattanooga, Tenn.-based CBL & Associates Properties announced Thursday that it plans to acquire Kirkwood Mall, located in Bismarck, N.D., from Radiant Partners.

Fayetteville, N.C. -- Chattanooga, Tenn.-based CBL & Associates Properties announced an expansion of Cross Creek Mall in Fayetteville, N.C. The 46,000-sq.-ft. expansion will deliver new retailers to the fully leased center, such as Chico’s, Loft, White House|Black Market, Men’s Wearhouse, Reed’s Jewelers and Lane Bryant.  Additional stores and restaurants will be announced as the project progresses.  

Construction on the expansion is scheduled to begin in early 2013, with a grand opening anticipated in late fall 2013.

Chattanooga, Tenn. -- CBL & Associates Properties announced that John N. Foy has retired as an officer of the organization and as a director and vice chairman of CBL’s board of directors.

Foy will remain until the end of the year to assist with the transition. His retirement concludes a 44-year career with the CBL organization and its predecessor company.

Chattanooga, Tenn. -- CBL & Associates Properties announced that Sally Cooney has joined the company as regional director of leasing, charged with overseeing the Cincinnati regional leasing team’s efforts and merchandising strategy.   

Cooney most recently served as regional VP for General Growth Properties in its Atlanta regional office.

Waynesville, N.C. -- Chattanooga, Tenn.-based CBL & Associates Properties announced the opening of its newest community center development, Waynesville Commons, a 127,500-sq.-ft. community center in Waynesville, N.C.  

Joining the existing Walmart, the 100% leased center is anchored by an 85,000-sq.-ft. Belk, Michaels and PetSmart, along with 11,000 sq. ft. of specialty stores including US Cellular and Rack Room Shoes.

Chattanooga, Tenn. -- CBL & Associates Properties said Monday it will renovate and redevelop its Northgate Mall property in Chattanooga, Tenn., with the first phase adding Ross Dress for Less and Michael’s Arts & Crafts, as well as redeveloping the adjacent T.J. Maxx-anchored community center.

Construction will begin on the associated center in early 2013 with completion anticipated in fall 2013.