CBL Properties and Horizon Group Properties Declare Grand Opening of The Outlet Shoppes at Oklahoma City a Success
August 08 2011 - 12:00PM
Business Wire
CBL & Associates Properties, Inc. (NYSE: CBL) and Horizon
Group Properties, Inc. (HGPI) (OTC:HGPI.PK) announced today that
the outstanding success of the grand opening of The Outlet Shoppes
at Oklahoma City held on August 5, 2011, represented the
tremendous strength of the project and its future. Shoppers flocked
in record number to enjoy the fully leased center throughout grand
opening weekend.
“In our more than 33 years of operation, CBL has never
experienced a grand opening quite like this,” said Stephen
Lebovitz, president and chief executive officer of CBL &
Associates Properties, Inc. “Shoppers from as far as 200 miles have
come to enjoy a selection of stores that was not available in
Oklahoma before now. We are pleased The Outlet Shoppes at Oklahoma
City opened to such a tremendous reception and anticipate this
positive momentum will continue.”
“The crowds over grand opening weekend were unbelievable,” said
Gary J. Skoien, chief executive officer of Horizon Group
Properties. “Reports from our retail partners indicate that sales
levels have handily beat plans and expectations. The Outlet Shoppes
at Oklahoma City has already proved to be a great addition to the
market and we are confident in its continued success.”
The center features a wide variety of well-known designer
outlets, including Nike, Saks Fifth Avenue OFF 5TH, Polo Ralph
Lauren, Brooks Brothers, Guess, Chico’s, Coach, Banana Republic,
DKNY, J. Crew, Michael Kors, Tommy Hilfiger, Under Armour, Levi’s
and Carters.
Located at the intersection of Interstate 40 and Council Road,
The Outlet Shoppes at Oklahoma City is the only outlet center in
the state. Over 112,000 cars pass by the site daily. The center is
expected to draw over six million visitors a year from a
three-state area and travelers on Interstates 35, 40 and 44. In
addition, following the grand opening weekend, The Outlet Shoppes
at Oklahoma City has garnered more than 40,000 facebook friends and
continues to gain in popularity.
The Outlet Shoppes at Oklahoma City is a joint venture of CBL
& Associates Properties, Inc. and Horizon Group Properties.
About Horizon Properties
Based in Muskegon, Michigan, Horizon Group Properties, Inc. is a
national owner and developer of factory outlet shopping centers and
is the developer of a master planned community in suburban
Chicago.
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 158 properties, including 85 regional
malls/open-air centers. The properties are located in 26 states and
total 85.2 million square feet including 3.4 million square feet of
non-owned shopping centers managed for third parties. Headquartered
in Chattanooga, TN, CBL has regional offices in Boston (Waltham),
MA, Dallas (Irving), TX, and St. Louis, MO. Additional information
can be found at cblproperties.com.
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