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CBL Properties Announces New Entertainment Anchor at Jefferson Mall in Louisville, Kentucky

May 16, 2018

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--May 16, 2018--CBL Properties (NYSE:CBL) announced the first phase of redevelopment plans at Jefferson Mall in Louisville, Kentucky. The redevelopment will deliver a new-to-market entertainment venue, Round1 Bowling & Amusement. Construction on Round1 is currently underway in the former Macy’s building with an anticipated grand opening prior to holiday 2018.

“The addition of Round1 will position Jefferson Mall as a premier entertainment destination for our customers in the Louisville market and will draw visitors from the surrounding region,” said Stephen Lebovitz, president & CEO, CBL Properties. “CBL has made excellent progress on its redevelopment program over the last several months, with demand from many exciting retailers, entertainment users, and restaurant operators. We are thrilled to move forward with this phase of redevelopment and welcome this world-class entertainment operator to Jefferson Mall.”

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. As of May 2018, Round1 has 21 locations in the United States. Round1 is a multi-entertainment activity complex company that offers bowling, an arcade, karaoke, billiards, food and drinks.

“We are excited to open our store in the Jefferson Mall. This will be the first establishment in the state of Kentucky,” commented Shane Kaji, Senior 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.”

Planning is also underway for redevelopment of the Sears building, which will include a mix of dining, entertainment and retail. More details will be announced over the coming months.

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 117 properties totaling 73.4 million square feet across 26 states, including 75 high-quality enclosed, outlet and open-air retail centers and 11 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/20180516005246/en/

CONTACT: CBL Properties

Investor Contact:

Katie Reinsmidt, 423-490-8301

Executive Vice President & Chief Investment Officer

Katie.Reinsmidt@cblproperties.com

or

Media Contact:

Stacey Keating, 423-490-8361

Director of Public Relations & Corporate Communications

Stacey.Keating@cblproperties.com

KEYWORD: UNITED STATES NORTH AMERICA KENTUCKY TENNESSEE

INDUSTRY KEYWORD: ENTERTAINMENT DEPARTMENT STORES OTHER ENTERTAINMENT GENERAL ENTERTAINMENT REIT RETAIL SPECIALTY CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE OTHER CONSTRUCTION & PROPERTY SPORTS BOWLING

SOURCE: CBL Properties

Copyright Business Wire 2018.

PUB: 05/16/2018 08:00 AM/DISC: 05/16/2018 08:01 AM

http://www.businesswire.com/news/home/20180516005246/en

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