CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL & Associates Properties, Inc. (NYSE:CBL) and Horizon Group Properties today celebrated the official grand opening of The Outlet Shoppes at Laredo in Laredo, Texas. The 358,000-square-foot center features some of the best names in outlet shopping in an innovative, colorful two-level environment. The center held a Spring Preview in mid-March, which highlighted the opening of over 50 tenants. Traffic and sales during the preview weekend were excellent and retailers have reported strong sales in the weeks since.
“The Outlet Shoppes at Laredo is off to a great start, and we are thrilled to celebrate the official grand opening with a festive weekend full of activities and great offers,” said Stephen Lebovitz, president and chief executive officer, CBL & Associates Properties, Inc. “CBL has a strong presence in Laredo as the owner of Mall del Norte, and we are excited to expand our footprint in this dynamic and growing market.”
Grand Opening celebrations began on April 5th, with a private event benefitting the Bethany House of Laredo, a local non-profit organization, and culminated with an extravagant fireworks show on the banks of the Rio Grande. The celebration continued today with an official ribbon cutting ceremony that included officials from CBL, Horizon Group Properties, the City of Laredo, and Webb County and featured the Dallas Cowboys Cheerleaders. Additional activities are planned throughout the weekend.
“We are thrilled with the incredibly strong Spring Preview opening at The Outlet Shoppes at Laredo,” said Gary J Skoien, president and chief executive officer, Horizon Group Properties, Inc. “We always knew the center would be strong with its position close to the major bridges to Mexico and its proximity to Monterrey, but we never anticipated the volume of shoppers we experienced our first weekend. We look forward to continued success with welcoming shoppers from Laredo, Nuevo Laredo, Monterrey and other points in Mexico.”
Nike, A’GACI, Michael Kors, Vera Bradley, Puma, Columbia, and Sunglass Hut were among the tenants that opened during the Spring Preview event in March. Additional tenants, including Banana Republic, GAP, H&M and Old Navy, will all open their doors by this summer. For a complete list of the retailers featured at The Outlet Shoppes at Laredo, visit TheOutletShoppesatLaredo.com.
About Horizon Group Properties
Based in Rosemont, IL, Horizon Group Properties, Inc. (OTC:HGPI.PK) is an owner and developer of outlet shopping centers in eight states, developer of a master planned community in suburban Chicago, and owner and developer of Horizon Village Outlets, a 400,000-square-foot outlet shopping center in Kuala Lumpur, Malaysia. Additional information can be found at www.horizongroup.com.
About CBL & Associates Properties, Inc.
Headquartered in Chattanooga, TN, 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 127 properties, including 83 regional malls/open-air centers. The properties are located in 27 states and total 78.5 million square feet including 6.6 million square feet of non-owned shopping centers managed for third parties. Additional information can be found at cblproperties.com.