CBL Properties (NYSE:CBL) announced redevelopment plans at Northwoods
Mall in North Charleston, South Carolina, and South County Center in St.
Louis, Missouri. The redevelopments will deliver a new-to-market
entertainment venue, Round1 Bowling & Amusement, to both properties.
“The addition of Round1 will position both Northwoods Mall and South
County Center as premier entertainment destinations for our customers in
these markets and will draw visitors from the surrounding regions,” said
Stephen Lebovitz, chief executive officer, CBL Properties. “In the first
quarter of 2019, 80% of our new leasing was with non-apparel tenants
such as Round1, demonstrating our success in diversifying our tenant mix
and bringing our vision of transforming our properties into suburban
town centers to life.”
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. Round1
is a multi-entertainment activity complex company that offers bowling,
an arcade, karaoke, billiards, food and drinks.
“We are excited to open stores at Northwoods Mall and South County
Center. These locations will be the first in each state,” commented
Shane Kaji, Executive 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.”
Round1 at Northwoods Mall will occupy approximately 46,000 square feet
of reconfigured small shop space. Round1 at South County Center will
occupy approximately 50,000 square feet at the center. Construction on
both projects is set to begin later this year. More details will be
announced as plans are finalized.
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 113 properties
totaling 70.6 million square feet across 26 states, including 70
high-quality enclosed, outlet and open-air retail centers and 10
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/20190514005540/en/
Copyright Business Wire 2019