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CBL Announces Start of Construction on Phase II of The Forum at Grandview in Madison, MS

^{Published on 2011-08-30 07:12:01 - Market Wire}
 

CHATTANOOGA, Tenn.--([ BUSINESS WIRE ])--CBL & Associates Properties, Inc. (NYSE: CBL), today announced the start of construction on phase II of The Forum at Grandview, a community center in Madison, MS. The 83,000-square-foot second phase will include anchors ULTA, Homegoods, PETCO and a national arts and crafts retailer along with 14,000-square-feet of specialty stores. The opening of phase II is scheduled for summer 2012.

"The Forum at Grandview has received a positive reception from the market, becoming a favored destination for area shoppers. We are excited to continue to expand its great offerings through the addition of Phase II, opening next summer."

Corner Bakery, a fast-casual restaurant serving breakfast, lunch and dinner, is also under construction on the periphery of the property with an opening date scheduled for December. The 110,000-square-foot phase I opened 100% leased in fall 2010 anchored by Best Buy, Dicka™s Sporting Goods and Stein Mart.

Commenting on the opening Justice Wade Vice President - Development Leasing and Peripheral Property for CBL & Associates Properties, Inc., said, aThe Forum at Grandview has received a positive reception from the market, becoming a favored destination for area shoppers. We are excited to continue to expand its great offerings through the addition of Phase II, opening next summer.a

The Forum at Grandview is situated on 54 acres along I-55 (Exit 108) adjacent to Malco Grandview Theater and Miskelly Furniture. The surrounding trade area has been largely underserved by retail on this north/south corridor between Jackson, MS and Memphis, TN.

Andrew Mattiace, President and Founder of The Mattiace Company said, aThe development of Madison Grandview has created Mississippia™s finest retail destination corridor. Madison, Mississippi, has an outstanding, affluent residential population and diverse, growing businesses in the trade area such as Nissan, Madison River Oaks Hospital and Tulane University satellite campus.a

The project is a joint venture of CBL and The Mattiace Company with CBL responsible for development and leasing.

Persons interested in learning more about leasing space should contact the following representatives:

Specialty Shops:
Lewis Hilton
Senior Leasing Manager a" Development Leasing
423-490-8354
[ Lewis_Hilton@CBLProperties.com ]

Peripheral Property:
Robert Snetman
Senior Director, Peripheral Property
423-490-8333
[ Robert_Snetman@CBLProperties.com ]

About The Mattiace Company

Mattiace Properties has been headquartered in Jackson, MS for almost 30 years and has developed approximately 2 million square feet of retail and office in the Jackson Metropolitan Area. Mattiace owns and operates retail and mixed use properties in Mississippi, Tennessee and Louisiana. Additional information can be found at [ www.mattiace.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 158 properties, including 85 regional malls/open-air centers. The properties are located in 27 states and total 85.2 million square feet including 3.4 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 ].