CBL Properties Announces Addition of New Value Retail Anchor at Dakota Square in Minot, North Dakota

Date : 06/03/2019 @ 2:00PM
Source : Business Wire
Stock : CBL and Associates Properties Inc (CBL)
Quote : 0.5309  0.0009 (0.17%) @ 1:00AM
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CBL Properties Announces Addition of New Value Retail Anchor at Dakota Square in Minot, North Dakota

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CBL Properties (NYSE:CBL) today announced the addition of an 18,000 square-foot Ross Dress for Less to Dakota Square in Minot, North Dakota, as part of the redevelopment of the former Herberger’s store.

“Replacing the former Herberger’s is a great opportunity for us to provide our shoppers with an in-demand value retailer like Ross,” said Stephen Lebovitz, chief executive officer, CBL Properties. “This announcement comes on the heels of the successful grand opening of HomeGoods at Dakota Square. It demonstrates our confidence in the property’s future and our commitment to reinvesting through the addition of strong, growing retailers.”

Construction on this project is currently underway with a planned opening in fall 2019. Additional 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.

Investor Contact: Katie Reinsmidt, EVP & 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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