CBL & Associates Properties, Inc. & Horizon Group Properties Celebrate Grand Opening of The Outlet Shoppes at Laredo in Lared...
April 06 2017 - 3:00PM
Business Wire
CBL & Associates Properties, Inc. (NYSE:CBL) and Horizon
Group Properties today celebrated the official grand opening of The
Outlet Shoppes at Laredo in Laredo, Texas. The 358,000-square-foot
center features some of the best names in outlet shopping in an
innovative, colorful two-level environment. The center held a
Spring Preview in mid-March, which highlighted the opening of over
50 tenants. Traffic and sales during the preview weekend were
excellent and retailers have reported strong sales in the weeks
since.
“The Outlet Shoppes at Laredo is off to a great start, and we
are thrilled to celebrate the official grand opening with a festive
weekend full of activities and great offers,” said Stephen
Lebovitz, president and chief executive officer, CBL &
Associates Properties, Inc. “CBL has a strong presence in Laredo as
the owner of Mall del Norte, and we are excited to expand our
footprint in this dynamic and growing market.”
Grand Opening celebrations began on April 5th, with a private
event benefitting the Bethany House of Laredo, a local non-profit
organization, and culminated with an extravagant fireworks show on
the banks of the Rio Grande. The celebration continued today with
an official ribbon cutting ceremony that included officials from
CBL, Horizon Group Properties, the City of Laredo, and Webb County
and featured the Dallas Cowboys Cheerleaders. Additional activities
are planned throughout the weekend.
“We are thrilled with the incredibly strong Spring Preview
opening at The Outlet Shoppes at Laredo,” said Gary J Skoien,
president and chief executive officer, Horizon Group Properties,
Inc. “We always knew the center would be strong with its position
close to the major bridges to Mexico and its proximity to
Monterrey, but we never anticipated the volume of shoppers we
experienced our first weekend. We look forward to continued success
with welcoming shoppers from Laredo, Nuevo Laredo, Monterrey and
other points in Mexico.”
Nike, A’GACI, Michael Kors, Vera Bradley, Puma, Columbia, and
Sunglass Hut were among the tenants that opened during the Spring
Preview event in March. Additional tenants, including Banana
Republic, GAP, H&M and Old Navy, will all open their doors by
this summer. For a complete list of the retailers featured at The
Outlet Shoppes at Laredo, visit TheOutletShoppesatLaredo.com.
About Horizon Group
Properties
Based in Rosemont, IL, Horizon Group Properties, Inc.
(OTC:HGPI.PK) is an owner and developer of outlet shopping centers
in eight states, developer of a master planned community in
suburban Chicago, and owner and developer of Horizon Village
Outlets, a 400,000-square-foot outlet shopping center in Kuala
Lumpur, Malaysia. Additional information can be found at
www.horizongroup.com.
About CBL & Associates Properties, Inc.
Headquartered in Chattanooga, TN, 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 127
properties, including 83 regional malls/open-air centers. The
properties are located in 27 states and total 78.5 million square
feet including 6.6 million square feet of non-owned shopping
centers managed for third parties. Additional information can be
found at cblproperties.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170406005856/en/
CBL & Associates Properties, Inc.Investor Contact:Katie
Reinsmidt, 423-490-8301Executive Vice President – Chief Investment
OfficerKatie.Reinsmidt@cblproperties.comorMedia Contact:Stacey
Keating, 423-490-8361Director – Public Relations & Corporate
CommunicationsStacey.Keating@cblproperties.comorHorizon Group
Properties Contact:Connie Dyer, 312-320-6818SVP –
MarketingCdyer@horizongroup.com
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