CBL CBL and Associates Properties Inc

CBL & Associates Properties, Inc. (NYSE: CBL) today announced that construction is underway on the redevelopment of the former Lord & Taylor anchor location at West County Center in Des Peres, MO. The space will be completely redesigned to create a new two-story main entrance to the mall. The entrance will serve as the centerpiece for a new 90,000 square-foot open-air lifestyle wing anchored by a 30,000 square-foot Barnes & Noble. Barnes & Noble will offer shoppers the convenience of interior and exterior entrances including an outdoor escalator for second floor access. The lifestyle wing will debut BRAVO! Cucina Italiana to the St. Louis Market, and will feature three other premier sit-down restaurants in an attractive new restaurant village. Visitors will enjoy the availability of both indoor and outdoor seating. Additionally, shoppers will enjoy more of the best in today�s retail with approximately 20,000 square-feet of new specialty shops. The lifestyle expansion will feature an open-air, streetscape setting with unique and eye-catching storefronts, extensive landscaping and pedestrian-friendly walkways. Additional retailers and restaurants will be announced in the coming months. Construction is currently in progress with a grand opening scheduled for the 2008 holiday season. �We are excited to embark on the redevelopment of the former Lord & Taylor location,� said Stephen Lebovitz, president of CBL & Associates Properties, Inc. �West County Center is the premier mall in the St. Louis area and the addition of a main entrance flanked by Barnes & Noble, four premier restaurants and a number of excellent new stores will create a wonderful ambiance and feel to the center, perfectly complementing and enhancing the existing offerings.� About West County Center West County Center is a 1.2-million-square-foot mall owned and managed by CBL & Associates Properties, Inc. The mall is anchored by the state�s only Nordstrom, as well as Macy�s, and JCPenney. The mall is located on 51.0 acres with excellent access at the intersection of I-270 and Manchester Road (Hwy 100). West County Center was originally built in 1969 and underwent a $230 million redevelopment in 2002 adding Nordstrom, three parking structures and a new food court in the process. The mall offers premier shops and restaurants including Apple, Sephora, Sony Style, H&M, Elephant Bar and many more. Contact Information � For leasing information on West County Center, please contact: Rick Echelmeyer Regional Leasing Director 636.681.1193 rick_echelmeyer@cblproperties.com � Businesses interested in outparcel information should contact: Larry Champion Director of Peripheral Properties 423.490.8365 larry_champion@cblproperties.com � Restaurant space available by contacting: Bryant Siragusa National Director of Mall Restaurants and Entertainment 423.553.8790 bryant_siragusa@cblproperties.com About CBL & Associates Properties, Inc. 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 162 properties, including 84 regional malls/open-air centers. The properties are located in 27 states and total 82.8 million square feet including 1.8 million square feet of non-owned shopping centers managed for third parties. CBL currently has fourteen projects under construction totaling 3.6 million square feet including Pearland Town Center, Houston (Pearland), TX; Settlers Ridge in Pittsburgh, PA; The Pavilion at Port Orange in Port Orange, FL; CBL Center II in Chattanooga, TN; two lifestyle/associated centers, seven mall expansions/redevelopments, and one community center. Headquartered in Chattanooga, TN, CBL has regional offices in Boston (Waltham), MA, Dallas, TX, and St. Louis, MO. Additional information can be found at http://cblproperties.com. Information included herein contains "forward-looking statements" within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company's various filings with the Securities and Exchange Commission, including without limitation the Company's Annual Report on Form 10-K and the "Management's Discussion and Analysis of Financial Condition and Results of Operations" incorporated by reference therein, for a discussion of such risks and uncertainties.