CBL Properties to Bring New Entertainment Experience to Northwoods Mall in North Charleston, South Carolina, & South County C...
May 14 2019 - 10:00AM
Business Wire
CBL Properties (NYSE:CBL) announced redevelopment plans at
Northwoods Mall in North Charleston, South Carolina, and South
County Center in St. Louis, Missouri. The redevelopments will
deliver a new-to-market entertainment venue, Round1 Bowling &
Amusement, to both properties.
“The addition of Round1 will position both Northwoods Mall and
South County Center as premier entertainment destinations for our
customers in these markets and will draw visitors from the
surrounding regions,” said Stephen Lebovitz, chief executive
officer, CBL Properties. “In the first quarter of 2019, 80% of our
new leasing was with non-apparel tenants such as Round1,
demonstrating our success in diversifying our tenant mix and
bringing our vision of transforming our properties into suburban
town centers to life.”
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. Round1 is a multi-entertainment activity complex
company that offers bowling, an arcade, karaoke, billiards, food
and drinks.
“We are excited to open stores at Northwoods Mall and South
County Center. These locations will be the first in each state,”
commented Shane Kaji, Executive 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.”
Round1 at Northwoods Mall will occupy approximately 46,000
square feet of reconfigured small shop space. Round1 at South
County Center will occupy approximately 50,000 square feet at the
center. Construction on both projects is set to begin later this
year. More details will be announced as plans are finalized.
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
113 properties totaling 70.6 million square feet across 26 states,
including 70 high-quality enclosed, outlet and open-air retail
centers and 10 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/20190514005540/en/
Investor Contact: Katie Reinsmidt, Executive Vice President
& Chief Investment Officer, 423.490.8301,
Katie.Reinsmidt@cblproperties.comMedia Contact: Stacey Keating,
Director of Public Relations & Corporate Communications,
423.490.8361, Stacey.Keating@cblproperties.com
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