CBL Properties Announces Mixed-Use Redevelopment Plans for Hamilton Place in Chattanooga, Tennessee
Project to Deliver New-to-Market Entertainment, Specialty Retail, Hotel and Office
CBL Properties (NYSE:CBL) today announced plans to redevelop the Sears building at Hamilton Place in Chattanooga, Tennessee. As
part of the project, Chattanooga will welcome new-to-market entertainment venue Dave & Buster’s, which will feature hundreds of
the latest arcade games, state-of-the-art sports viewing, chef-crafted food and innovative cocktails you won’t find anywhere else.
In addition, the project will include a national specialty retail junior anchor, an approximately 145-room boutique-style hotel,
Class “A” office space and additional restaurants and specialty tenants. More details will be announced in the coming months.
“We are thrilled to announce the plans for this comprehensive mixed-use redevelopment at Hamilton Place,” said Stephen Lebovitz,
chief executive officer, CBL Properties. “Our vision is to transform our traditional enclosed malls to dynamic suburban town
centers, and this redevelopment is a great example of this strategy. CBL is committed to diversifying our properties’ offerings and
delivering a new experience for our customers.”
“These new offerings, coupled with the addition of The Cheesecake Factory, which is opening in December, will further solidify
Hamilton Place as the premier shopping, dining and entertainment destination in the Chattanooga market. In addition, the Hamilton
Place complex has added new users such as Jim N’ Nick’s BBQ, Altar’d State, and Molly Green in the past few months which bring in
additional customers and strengthen the draw of the property,” added Lebovitz.
Construction on this project will begin in early 2019.
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 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 114 properties totaling 71.9 million square feet across 26 states,
including 73 high-quality enclosed, outlet and open-air retail centers and 12 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.
Information included herein contains "forward-looking statements" within the meaning of the federal
securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with
accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ
materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company's
various filings with the Securities and Exchange Commission, including without limitation the Company's Annual Report on Form 10-K,
and the "Management's Discussion and Analysis of Financial Condition and Results of Operations" included therein, for a discussion
of such risks and uncertainties.
CBL Properties
Investor Contact:
Katie Reinsmidt, 423-490-8301
EVP & Chief Investment Officer
Katie.Reinsmidt@cblproperties.com
or
Media Contact:
Stacey Keating, 423-490-8361
Director of Public Relations
Stacey.Keating@cblproperties.com
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