CBL Announces Start of 100 Day Countdown to the Grand Celebration for Pearland Town Center in Houston (Pearland), TX
CHATTANOOGA, Tenn. (April 21, 2008) - CBL & Associates Properties, Inc. (NYSE: CBL) today began the 100 day countdown to the Grand Celebration on July 30, 2008, for Pearland Town Center, the 1.2 million square foot premier mixed-use development in Houston (Pearland), TX.
At the opening, shoppers will be able to choose from Pearland Town Center’s wide selection of stores and restaurants, including anchors Macy’s and Barnes & Noble as well as more than 50 fashion retailers and dining options including American Eagle, Charlotte Russe, Vans, Hollister, B.J.’s Brewhouse, Chico’s, Coldwater Creek, Victoria’s Secret and Brooks Brothers Country Club. A full list of retailers expected to open on July 30, 2008 is attached. Additional stores, including Dillard’s, Au Bon Pain, Coach, Mimis Café and more will open later in the year.
“In just 100 days we will unveil to the Houston market an important mixed-use destination with the Grand Celebration for Pearland Town Center.” said Michael Lebovitz, chief development officer – senior vice president for CBL & Associates Properties, Inc. “Incorporating a top-line hotel, premium office space and luxury apartment units with some of the best names in retail and dining creates the perfect combination to ensure the long-term success of this project. We are looking forward to opening day with great enthusiasm.”
CBL will kick off the grand celebration events with a ribbon cutting ceremony at 9:45 a.m. CST on Wednesday, July 30th. The five-day celebration will continue through Sunday, August 3rd with events, activities for children, performances and exhibitions. More details, including a full calendar of activities, will be announced closer to the event.
About Pearland Town Center
Pearland Town Center will offer premium retail, residential, office and hotel space in an open-air, pedestrian-friendly environment. The center will feature a 718,000-square-foot open-air lifestyle center anchored by fashion department stores Dillard’s and Macy’s. Pearland Town Center will also feature a wide selection of retailers and restaurants including Barnes & Noble, New York & Co., Pac Sun, Red Robin, and more. A 110-room, four-story Courtyard by Marriott hotel will be located above the center’s retail shops near Macy’s. In addition, Pearland Town Center will offer office and multi-family residential space above the retail, a 25-acre lake, and miles of walking paths and parks, creating a truly urban experience.
The Pearland Town Center Experience
Living and working, shopping and leisure, Pearland Town Center will be a signature open-air, mixed-use destination providing a distinctly different lifestyle and shopping experience. The destination will feature unique design elements and architecture influenced by Pearland’s heritage. Canopies, trellises, awnings and colonnades will frame the façade of the storefronts. Pearland Town Center’s warm and inviting pedestrian environment will be highlighted by tree-lined boulevards, convenient curbside parking, beautiful landscaping, an interactive water feature, an events pavilion and walking paths which will create a sense of place and a distinct area to gather.
Conveniently located at FM 518 and Highway 288, Pearland Town Center will be situated on 147 acres of premium retail space within the greater Houston metropolitan corridor. The addition of residential units and office space to this mixed-use development will create new living and working options for this growing city. The community will also benefit from the shopping, dining, living and entertainment destination through the creation of an estimated 1,500 jobs and approximately $250 million in sales annually. For more information on Pearland Town Center, visit: pearlandtowncenter.com.
Persons interested in learning more about leasing space should contact the following representatives:
Leasing:
Jeanna Webb, Leasing Manager (214) 596-1195
Justice Wade, Senior Director, Development Leasing (423) 553-8738
Development:
Chuck May, Senior Vice President, Development (847)993-3190
/ (800)333-7310 ext. 246
Jeff Brewer Project Manager (800)333-7310 ext. 624
Ken Wittler, Senior Project Manager (800)333-7310 ext. 385
Peripheral:
Rusty Phillips, Vice President, Peripheral Property(423) 490-8250
Robert Snetman, Senior Director, Peripheral Property (423) 490-8333
Restaurant:
Bryant Siragusa, National Director of Mall Restaurants and Entertainment (423) 553-8790
Office:
Dena P. Wren (713)577-1745
Kristen P. Rabel, CCIM
(713)577-1644
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 86 regional malls/open-air centers. The properties are located in 27 states and total 84.7 million square feet including 2.2 million square feet of non-owned shopping centers managed for third parties. Including Pearland Town Center, CBL currently has fifteen projects under construction totaling 4.0 million square feet including Settlers Ridge in Pittsburgh, PA; The Pavilion at Port Orange in Port Orange, FL; Hammock Landing in West Melbourne, FL; two lifestyle/associated centers, eight expansions/redevelopments, and one community center.
Headquartered in Chattanooga, TN, CBL has regional offices in Boston (Waltham), MA, Dallas, TX, and St. Louis, MO. Additional information can be found at 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" incorporated by reference therein, for a discussion of such risks and uncertainties.
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