CBL and Associates Prope... (NYSE:CBL)
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6 Months : From Oct 2019 to Apr 2020
CBL Properties (NYSE:CBL) today announced the first phase of redevelopment plans for the former Sears building at Cross Creek Mall in Fayetteville, North Carolina. As part of the project, Fayetteville will welcome new-to-market entertainment operator Dave & Buster’s, which will feature hundreds of the latest arcade games, state-of-the-art sports viewing, chef-crafted food and innovative cocktails.
“Our primary goal in the redevelopment of the former Sears at Cross Creek is to add family-friendly entertainment and attractive eateries to one of our most productive properties,” said Stephen Lebovitz, chief executive officer, CBL Properties. “We are pleased to announce the addition of Dave & Busters, which will deliver a fun social experience, complementing the existing shopping and dining options. As we plan for the next phase of the Sears redevelopment, we are exploring additional restaurants, specialty stores and other uses that will further enhance Cross Creek’s dominant position in the market.”
Construction on this project is already underway. Additional details including the timing of the Dave & Buster’s opening will be announced as plans are finalized.
About Dave & Buster’s
Dave & Buster’s Entertainment, Inc. (NASDAQ: PLAY), headquartered in Dallas, TX, operates 119 high-volume restaurant/entertainment complexes throughout North America. The exciting environment of Dave & Buster’s also provides the perfect setting for corporate and group events. Each Dave & Buster’s offers an impressive selection of high-quality food and beverage items, combined with the latest games and attractions. Guests can watch sporting events in the D&B Sports Bar and play state-of-the-art simulators and games of skill they can’t play anywhere else. For more information, visit www.daveandbusters.com.
About Cross Creek Mall
Cross Creek Mall features more than 150 great specialty shops and is anchored by Belk, JCPenney, and Macy’s. Cross Creek Mall is conveniently located at the intersection of Morganton and Skibo Roads. For more information, visit online at www.CrossCreekMall.com.
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/20200109005084/en/
Investor Contact: Katie Reinsmidt, EVP & Chief Investment Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com
Media Contact: Stacey Keating, Sr. Director of Public Relations & Corporate Communications, 423.490.8361, Stacey.Keating@cblproperties.com