CBL and Associates Prope... (NYSE:CBL)
Historical Stock Chart
6 Months : From Aug 2019 to Feb 2020
CBL Properties (NYSE:CBL) along with Von Maur announced today that the family-owned department store will open its first store in Madison, Wisconsin, at West Towne Mall in the former Boston Store location.
“Over the years, Von Maur has been one of the most requested names by our customers, and we are thrilled to announce their addition to West Towne Mall,” said Stephen Lebovitz, chief executive officer, CBL Properties. “This new store will drive significant traffic to the property and illustrates our ongoing commitment to enhancing the tenant mix.”
Lebovitz added, “Von Maur will complement the wide range of upscale shopping options already available at West Towne including Coach, Pottery Barn, and Williams-Sonoma and position the property for continued growth.”
“We are thrilled to continue growing our brand in Wisconsin at such an exceptional location like West Towne Mall,” said Jim von Maur, president of Von Maur. “After a couple of years scouting Wisconsin, we were finally able to successfully open our first location in the state, outside Milwaukee, a couple years ago, and the response from customers has been overwhelmingly positive. We are excited to build upon that momentum and introduce Madison area shoppers to our wide selection of brand name merchandise and signature Von Maur service, and we look forward to becoming the shopping destination of choice for years to come.”
Construction will begin in spring 2020 with an anticipated opening date in 2021. As part of the construction, the former Boston Store will be razed to make way for the ground-up development of the new Von Maur store. A more detailed timeline and grand opening information will be announced as plans progress.
About Von Maur
Von Maur was founded 145 years ago in downtown Davenport, Iowa and is known for its outstanding selection of leading brand name and specialty apparel, shoes, accessories and gifts. The Company is also widely-regarded for its superior customer service, including an interest-free charge card, accommodating return policy, free gift wrapping and free shipping services. Von Maur currently operates 35 stores in 15 states, along with a 120,000 square foot E-Commerce facility that drives its successful online business at vonmaur.com.
About West Towne Mall
West Towne Mall is an 828,602-square-foot shopping center located off Highways 12/14 at Gammon Road. Featuring Total Wine, Dave & Busters, Dick's Sporting Goods, JCPenney and a 540‑seat Food Court along with Madison-area exclusives Athleta, Aveda, The Cheesecake Factory, Dry Goods, Pandora, Pottery Barn, Sephora, and Williams-Sonoma. Find more at www.ShopWestTowne-Mall.com or on Facebook at www.Facebook.com/WestTowneMall. West Towne Mall is owned and operated by CBL Properties of Chattanooga, Tennessee [NYSE:CBL].
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 108 properties totaling 68.2 million square feet across 26 states, including 68 high‑quality enclosed, outlet and open-air retail centers and nine 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191004005431/en/
Katie Reinsmidt, Executive Vice President & Chief Investment Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com
Stacey Keating, Director of Public Relations & Corporate Communications, 423.490.8361, Stacey.Keating@cblproperties.com