CBL Properties Begins Transformation of Eastland Mall in Bloomington, Illinois

January 4, 2018 1:01 PM

CBL Announces Exciting Redevelopment Plans For Former Department Store

CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE: CBL) today confirmed details of its transformation plan for Eastland Mall in Bloomington, IL. Global fashion retailer H&M and popular fitness center Planet Fitness will join the center as part of the redevelopment of the former JCPenney store. In addition to H&M and Planet Fitness, Outback Steakhouse is also slated to join the line-up at Eastland Mall.

“We are thrilled to kick off 2018 by announcing a major anchor redevelopment project at Eastland Mall,” said Stephen Lebovitz, president & CEO, CBL Properties. “The additions of H&M and Planet Fitness are a perfect example of our commitment to bringing a dynamic mix of uses to our centers. Dining, value and fitness are increasingly in demand, and we are pleased to deliver names that not only meet this demand, but elevate the overall customer experience.”

Construction on H&M, Planet Fitness, and Outback Steakhouse is currently underway, and all tenants are set to open prior to the 2018 holiday season.

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.

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

Source: CBL Properties

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