CHATTANOOGA, Tenn. & NORTON SHORES, Mich.--(BUSINESS WIRE)--CBL & Associates Properties, Inc. (NYSE: CBL) and Horizon Group Properties, Inc. (OTC: HGPI), announced today that construction has begun on the second phase of The Outlet Shoppes at Atlanta. The 33,000 square-foot expansion is scheduled to open before the 2015 holiday season and will bring several popular retailers to the center including GAP Outlet and Banana Republic. The outlet shopping center, located at the intersection of Interstate 575 and Ridgewalk Parkway, opened July 18, 2013. Phase II will be located at the north side of the center and will have excellent visibility from I-575.
“The Outlet Shoppes at Atlanta is enjoying great success in the market as sales and traffic continue to grow,” said Michael Lebovitz, executive vice president - development and administration for CBL. “Through this expansion, we are adding exciting new retailers to what is already an excellent collection of stores.”
“The expansion of The Outlet Shoppes at Atlanta, less than two years after its opening, speaks volumes about the strength of the market and success of the outlet concept in Atlanta,” said Gary J. Skoien, chief executive officer of Horizon Group Properties. “The center is easily accessible to travelers on Interstates 75, 85 and 20 and is drawing customers from a three-state area.”
About The Outlet Shoppes at Atlanta
The Outlet Shoppes at Atlanta is the closest outlet center to the Atlanta metro area. It features 93 famous name brand stores including Nike, Coach, Michael Kors, Saks Fifth Avenue OFF 5TH, Carter’s, Kate Spade, Vineyard Vines, Johnny Rockets and many more. The Outlet Shoppes at Atlanta is located at exit 9 on I-575.
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 an owner and developer of factory outlet shopping centers 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 148 properties, including 90 regional malls/open-air centers. The properties are located in 30 states and total 84.6 million square feet including 6.5 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.