CBL Properties Announces New Entertainment Anchor at Jefferson Mall in Louisville, Kentucky
CBL Properties (NYSE:CBL) announced the first phase of redevelopment plans at Jefferson Mall in Louisville, Kentucky. The
redevelopment will deliver a new-to-market entertainment venue, Round1 Bowling & Amusement. Construction on Round1 is currently
underway in the former Macy’s building with an anticipated grand opening prior to holiday 2018.
“The addition of Round1 will position Jefferson Mall as a premier entertainment destination for our customers in the Louisville
market and will draw visitors from the surrounding region,” said Stephen Lebovitz, president & CEO, CBL Properties. “CBL has
made excellent progress on its redevelopment program over the last several months, with demand from many exciting retailers,
entertainment users, and restaurant operators. We are thrilled to move forward with this phase of redevelopment and welcome this
world-class entertainment operator to Jefferson Mall.”
Round1 originated in 1980 and, with the support from fans and customers, has successfully grown into more than 100 locations in
Japan. Its first overseas expansion targeted the United States as the company opened up its first U.S. store in Industry,
California, in August of 2010. As of May 2018, Round1 has 21 locations in the United States. Round1 is a multi-entertainment
activity complex company that offers bowling, an arcade, karaoke, billiards, food and drinks.
“We are excited to open our store in the Jefferson Mall. This will be the first establishment in the state of Kentucky,”
commented Shane Kaji, Senior Vice President, Round1. “We hope to bring our unparalleled family entertainment experience to the
community and will strive to provide unforgettable service to all customers.”
Planning is also underway for redevelopment of the Sears building, which will include a mix of dining, entertainment and retail.
More details will be announced over the coming months.
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 117 properties totaling 73.4 million square feet across 26 states,
including 75 high-quality enclosed, outlet and open-air retail centers and 11 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.
CBL Properties
Investor Contact:
Katie Reinsmidt, 423-490-8301
Executive Vice President & Chief Investment Officer
Katie.Reinsmidt@cblproperties.com
or
Media Contact:
Stacey Keating, 423-490-8361
Director of Public Relations & Corporate Communications
Stacey.Keating@cblproperties.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20180516005246/en/