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Horizon Group Properties and CBL amp;; Associates Properties, Inc. Announce 38 New Stores Joining The Outlet Shoppes at

^{Published on 2013-05-06 12:00:16 - Market Wire}
 

Horizon Group Properties and CBL & Associates Properties, Inc. Announce 38 New Stores Joining... -- ATLANTA, May 6, 2013 /PRNewswire/ --

ATLANTA, May 6, 2013 /PRNewswire/ -- Horizon Group Properties, Inc. (OTC: HGPI.PK) and CBL & Associates Properties, Inc. (NYSE: [ CBL ]) today announced the names of 38 additional stores planned to join The Outlet Shoppes at Atlanta.  The list of store now totals 89 with more to be announced soon.

The center will feature the best-known brands and designer outlets, including Nike, Saks Fifth Avenue OFF 5TH, Bose, Brooks Brothers, Columbia Sportswear, True Religion, Cole Haan , White House|Black Market, Guess, Fossil, Michael Kors, Under Armour, and Talbots.

New stores announced today include:

• Adidas
• American Eagle
• Auntie Anne's
• GH Bass & Co.
• Calphalon
• Chao Praya
• Chicken Now
• Chico's
• Clarks
• Coach
• Crabtree & Evelyn
• Crocs
• Fossil
• Fragrance Outlet
• Ghirardelli Chocolate
• Hartstrings
• Johnston & Murphy
• Jones New York
• Juicy Couture
• Kasper
• Kate Spade
• Lane Bryant
• Lenscrafters
• Lids
• Lids Locker Room
• Little Tokyo
• Loft Outlet
• Luggage Factory
• Naturalizer
• Papaya
• Skechers
• Sunglass Warehouse
• The Children's Place
• Tommy Hilfiger
• True Religion
• Ultra Diamonds  
• Van Heusen
• Yankee Candle

The centeris scheduled to open to the public on July 18, 2013 with a private preview event to benefit Elm Street Cultural Arts Center on July 17th.

"We are excited about the additional new stores and believe that this group of retailers will help draw shoppers from a large area throughout the region," said Gary J. Skoien , chief executive officer of Horizon Group Properties.

"The Outlet Shoppes at Atlanta continues to attract the highest caliber retail names," said Michael Lebovitz , executive vice president – development for CBL.  "With the center opening on July 18th at more than 95% leased, we are looking forward to building on the momentum of a tremendous opening."

The center is located north of Atlanta at the newly-constructed exit off I-575 at Ridgewalk Parkway in Woodstock. More than 112,000 cars pass the site daily.  The center is convenient to travelers on Interstates 75, 85 and 20 and is expected to draw over four million visitors annually from a three-state area.

Designed in a shopper-friendly configuration, the center will feature covered walkways and landscaped courtyards to maximize the comfort and convenience of shoppers. Its design blends traditional architecture with lively features including a children's play area. A center court complete with fountains and a fireplace will create a festive atmosphere for shoppers and visitors to the center.  The site can accommodate an additional 30,000 square feet of outlet shops and also features seven parcels for restaurants, service businesses and other retail uses.

When completed, the center is projected to generate more than $130 million in annual sales and $3 million of sales and property taxes for the City of Woodstock. The development and operation of the center is expected to generate a total of $34 million in taxes for the benefit of the City of Woodstock, Cherokee County and its school district over the next ten years.

The Outlet Shoppes at Atlanta is a joint venture of CBL & Associates Properties, Inc. and Horizon Group Properties, Inc.  Horizon and CBL are co-developers of the project; Horizon is responsible for leasing and managing the center.

About Horizon Group Properties, Inc.
Based in Norton Shores, Michigan with executive offices in Rosemont, Illinois, Horizon Group Properties, Inc. is a leading owner and developer of factory outlet shopping centers in the United States and Asia and is the developer of a master planned community in suburban Chicago.  For more information, please visit [ www.horizongroup.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 96 regional malls/open-air centers. The properties are located in 31 states and total 92.7 million square feet including 10.5 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 ].

THE OUTLET SHOPPES AT ATLANTA
Woodstock, GA
FACT SHEET

Additional store announcements will be made in the near future.

SOURCE Horizon Group Properties, Inc.