CBL Properties To Open 825,000 Square Feet Of New-to-Market Entertainment Concepts Across Its Portfolio

Tuesday, September 24, 2019

CBL Properties announced that it has executed leases with entertainment users for approximately 825,000 square feet. The new leases are located at more than a dozen properties, and all of the new stores are scheduled to open by 2021, including two that opened in early 2019 and four that will open by the end of the year.

“The consumer demand to add family-friendly entertainment at our market-dominant centers has increased dramatically over the last few years,” said Stephen Lebovitz, chief executive officer, CBL Properties. “We are answering that demand by incorporating these exciting new uses into our properties as part of redevelopment projects or through the consolidation of in-line space.

“These new users facilitate the transformation of our properties from traditional, retail-based enclosed malls to mixed use, experiential suburban town centers. When these entertainment users are looking to enter our markets, our properties stand out because they offer the best locations, access, visibility and critical mass in their respective markets.”

The scope of entertainment users that CBL is adding to its portfolio include nationally known names like Round1 Bowling & Amusement, Dave & Buster’s and Main Event as well as regional operators such as WhirlyBall and High Caliber Karting & Entertainment. CBL is also adding casinos as part of anchor redevelopment projects at two properties in Pennsylvania.

Announcements about individual projects will be made as plans and construction timelines are finalized.


Car Wash In East Brainerd Sells For $2,166,667

Mahindra Tractors Facility On Riverside Lane Sells For $4.4 Million

Ooltewah Storage Center Sells For $6,250,000


A car wash in East Brainerd has sold for $2,166,667. Goo Goo Car Wash is at 1833 Gunbarrel Road. The sale was to Mjbk Capital Llc from Imo Us Georgia Llc. (click for more)

The Mahindra Tractor facility at 6 Riverside Lane has sold for $4.4 million. The facility had a grand opening in 2014. The sale was to Jayhawk Properties Llc from Topp Properties Llc. (click for more)

The Ooltewah Storage Center has sold for $6,250,000. It is located at 6 115 Mountain View Road in Ooltewah. It was built in 1977 on a 4.42-acre site. The sale was to S tor Ooltn Mountain ... (click for more)



Real Estate

Car Wash In East Brainerd Sells For $2,166,667

A car wash in East Brainerd has sold for $2,166,667. Goo Goo Car Wash is at 1833 Gunbarrel Road. The sale was to Mjbk Capital Llc from Imo Us Georgia Llc. (click for more)

Mahindra Tractors Facility On Riverside Lane Sells For $4.4 Million

The Mahindra Tractor facility at 6 Riverside Lane has sold for $4.4 million. The facility had a grand opening in 2014. The sale was to Jayhawk Properties Llc from Topp Properties Llc. (click for more)

Breaking News

Health Department Announces More 1st And Second Dose COVID Vaccinations; For Phases 1a1, 1a2 And Adults 75+ by Appointment Only

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Body Of Theresa Parker Finally Found Near Sequoyah Nuclear Plant After Canoe Accident

Crews recovered the body of missing boater, Theresa Parker of Hamilton County, around 2:30 p.m. on Sunday. Recovery efforts had been underway since Friday, when Ms. Parker and two others capsized a canoe on Chickamauga Lake near Sequoyah Nuclear Plant. There were no life jackets aboard the canoe. Responding crews found one man on shore and boat crews found one ... (click for more)

Opinion

Let's Be Number One In Public Education

State Rep. Scott Cepicky frequently asks a compelling question: Why can’t Tennessee be the number one state in the nation for public education? Great question. Why can’t we be number one in education in the nation? So many “education reformers” cling to the industrial age model of education. We need to use our imagination and start thinking about out-of-the-box solutions. ... (click for more)

Roy Exum: We Ramp Up

As you know, federal and state employees will honor Dr. Martin Luther King’s birthday today (Monday) so it will be tomorrow (Tuesday) when the vaccination efforts to stop the spread of the COVID-19 virus in Hamilton County will really begin to ramp up. This week will also mark the start of “Round Two” for our First Responders, our medical providers, and others who were given their ... (click for more)