CBL Properties Announces New Entertainment Anchor at Jefferson Mall in Louisville, Kentucky
May 16 2018 - 8:00AM
Business Wire
CBL Properties (NYSE:CBL) announced the first phase of
redevelopment plans at Jefferson Mall in Louisville, Kentucky. The
redevelopment will deliver a new-to-market entertainment venue,
Round1 Bowling & Amusement. Construction on Round1 is currently
underway in the former Macy’s building with an anticipated grand
opening prior to holiday 2018.
“The addition of Round1 will position Jefferson Mall as a
premier entertainment destination for our customers in the
Louisville market and will draw visitors from the surrounding
region,” said Stephen Lebovitz, president & CEO, CBL
Properties. “CBL has made excellent progress on its redevelopment
program over the last several months, with demand from many
exciting retailers, entertainment users, and restaurant operators.
We are thrilled to move forward with this phase of redevelopment
and welcome this world-class entertainment operator to Jefferson
Mall.”
Round1 originated in 1980 and, with the support from fans and
customers, has successfully grown into more than 100 locations in
Japan. Its first overseas expansion targeted the United States as
the company opened up its first U.S. store in Industry, California,
in August of 2010. As of May 2018, Round1 has 21 locations in the
United States. Round1 is a multi-entertainment activity complex
company that offers bowling, an arcade, karaoke, billiards, food
and drinks.
“We are excited to open our store in the Jefferson Mall. This
will be the first establishment in the state of Kentucky,”
commented Shane Kaji, Senior Vice President, Round1. “We hope to
bring our unparalleled family entertainment experience to the
community and will strive to provide unforgettable service to all
customers.”
Planning is also underway for redevelopment of the Sears
building, which will include a mix of dining, entertainment and
retail. More details will be announced over the coming months.
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
117 properties totaling 73.4 million square feet across 26 states,
including 75 high-quality enclosed, outlet and open-air retail
centers and 11 properties managed for third parties. CBL
continuously strengthens 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/20180516005246/en/
CBL PropertiesInvestor Contact:Katie Reinsmidt,
423-490-8301Executive Vice President & Chief Investment
OfficerKatie.Reinsmidt@cblproperties.comorMedia Contact:Stacey
Keating, 423-490-8361Director of Public Relations & Corporate
CommunicationsStacey.Keating@cblproperties.com
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