CBL & Associates Properties, Inc. (NYSE: CBL) and Horizon Group
Properties, Inc. (OTC: HGPI), announced today that construction has
begun on the second phase of The Outlet Shoppes at Atlanta. The 33,000
square-foot expansion is scheduled to open before the 2015 holiday
season and will bring several popular retailers to the center including
GAP Outlet and Banana Republic. The outlet shopping center, located at
the intersection of Interstate 575 and Ridgewalk Parkway, opened July
18, 2013. Phase II will be located at the north side of the center and
will have excellent visibility from I-575.
“The Outlet Shoppes at Atlanta is enjoying great success in the market
as sales and traffic continue to grow,” said Michael Lebovitz, executive
vice president - development and administration for CBL. “Through this
expansion, we are adding exciting new retailers to what is already an
excellent collection of stores.”
“The expansion of The Outlet Shoppes at Atlanta, less than two years
after its opening, speaks volumes about the strength of the market and
success of the outlet concept in Atlanta,” said Gary J. Skoien, chief
executive officer of Horizon Group Properties. “The center is easily
accessible to travelers on Interstates 75, 85 and 20 and is drawing
customers from a three-state area.”
About The Outlet Shoppes at Atlanta
The Outlet Shoppes at Atlanta is the closest outlet center to the
Atlanta metro area. It features 93 famous name brand stores
including Nike, Coach, Michael Kors, Saks Fifth Avenue OFF 5TH,
Carter’s, Kate Spade, Vineyard Vines, Johnny Rockets and many more. The
Outlet Shoppes at Atlanta is located at exit 9 on I-575.
The Outlet Shoppes at Atlanta is a joint venture of CBL & Associates
Properties, Inc. and Horizon Group Properties, Inc. Horizon and CBL are
co-developers of the project; Horizon is responsible for leasing and
managing the center.
About Horizon Group Properties, Inc.
Based in Norton Shores, Michigan with executive offices in Rosemont,
Illinois, Horizon Group Properties, Inc. is an owner and developer of
factory outlet shopping centers and is the developer of a master planned
community in suburban Chicago. For more information, please visit www.horizongroup.com.
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 148 properties, including 90 regional malls/open-air centers.
The properties are located in 30 states and total 84.6 million square
feet including 6.5 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.
Copyright Business Wire 2015