CBL Properties Announces Plans to Bring New Dining Options to Two Properties as Part of Redevelopment Projects

CBL Properties (NYSE: CBL) today announced plans to add new dining options as part of the redevelopment of two former Sears Auto Centers. The redevelopments will deliver fresh new eateries at both Volusia Mall in Daytona Beach, Florida, and Northgate Mall in Chattanooga, Tennessee. Construction on both projects will begin in March with an expected opening this fall.

“CBL is committed to diversifying the uses at our properties to include more dining and other lifestyle options. We are thrilled to move forward with our plans to redevelop the two Sears Auto Centers we acquired last year,” said Stephen Lebovitz, president & CEO, CBL Properties. “This is one of many announcements we look forward to sharing in 2018 detailing the transformation of CBL properties through our redevelopment program.”

Bonefish Grill, Metro Diner, and The Casual Pint will join the mix at Volusia Mall. Additional tenants planned as part of the project will be announced as leases are executed.

Northgate Mall will welcome Tennessee-based Aubrey’s as well as Panda Express as part of the redevelopment.

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 119 properties totaling 74.4 million square feet across 27 states, including 76 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.

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CBL PropertiesInvestor Contact:Katie Reinsmidt, 423-490-8301Executive Vice President & Chief Investment [e-mail] Contact:Stacey Keating, 423-490-8361Director of Public Relations & Corporate [e-mail]