-

CBL Properties Announces Crunch Fitness Set to Open at Hamilton Place in Chattanooga, Tennessee

More than 100k square feet of new retail and restaurants open on campus in 2024

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced Crunch Fitness opens at Hamilton Place in Chattanooga, Tennessee, today, as one of the final components of the property’s Sears redevelopment project. The redevelopment, which commenced in 2019, brought a variety of new destinations to the property, including The Cheesecake Factory, Mean Mug Coffeehouse, Malone’s, Dave & Buster’s, DICK’S Sporting Goods, and an Aloft by Marriott hotel.

“Our proactive approach to anchor redevelopment allowed us to thoughtfully execute a transformative project at one of our top properties,” said Stephen Lebovitz, chief executive officer, CBL Properties. “Crunch Fitness adds yet another new use to the campus and comes on the heels of the successful and highly anticipated opening of Malone’s.”

Lebovitz added, “2024 has been an exciting year for Hamilton Place as we’ve welcomed more than 110,000 square feet of new restaurants and retail to the campus.”

Since March, eight new retailers and restaurants have opened at Hamilton Place, including Taco Mamacita, Texas Roadhouse, Mr. Cow, Malone’s, Miniso, Vintage Stock, Dry Goods, Shoe Station, as well as a newly remodeled and expanded Buckle store.

“It’s exciting to see the growing number of retailers and restaurants that have decided to invest in the rapidly expanding Chattanooga market by opening at Hamilton Place,” commented Lebovitz. “Customers have responded positively to the new additions, reflected by sustained growth in both traffic and sales.”

Additional openings are expected in 2025, with more details to be announced as plans are finalized.

About CBL Properties

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of properties located in dynamic and growing communities. CBL’s owned and managed portfolio is comprised of 91 properties totaling 57.1 million square feet across 21 states, including 55 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 30 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information visit cblproperties.com.

CBL_Prop

Contacts

Investor Contact: Katie Reinsmidt, Executive Vice President & Chief Operating Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com
Media Contact: Stacey Keating, Vice President– Corporate Communications, 423.490.8361, Stacey.Keating@cblproperties.com

CBL Properties

NYSE:CBL

Release Versions

Contacts

Investor Contact: Katie Reinsmidt, Executive Vice President & Chief Operating Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com
Media Contact: Stacey Keating, Vice President– Corporate Communications, 423.490.8361, Stacey.Keating@cblproperties.com

More News From CBL Properties

CBL Properties Announces New $43.0 Million Non-Recourse Loan Secured by Northwoods Mall in N. Charleston, SC

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced that it had closed on a $43.0 million non-recourse loan secured by Northwoods Mall in N. Charleston, SC. The new five-year loan bears a fixed interest rate of 9.1%. Proceeds from the loan, as well as approximately $7.5 million of existing escrows, were used to retire the existing $46.8 million loan secured by the property, which was scheduled to mature this month. Under the prior loan, cash flows have been swept by t...

CBL Properties Declares Q1 2026 Special Dividend; Annualized Regular Dividend Increases 39% to $2.50 Per Share

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE: CBL) today announced that its Board of Directors has approved a special cash dividend of $0.175 per common share for the first quarter of 2026. The special dividend is in addition to the previously declared $0.45 per share dividend announced on February 11, 2026, resulting in a total first‑quarter dividend of $0.625 per share, a 39% increase. The special dividend will be paid on April 17, 2026, to shareholders of record as of April 10,...

CBL Properties Closes $176 Million Non-Recourse Financing

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced that it has closed on a $176 million floating‑rate, non‑recourse loan secured primarily by a pool of three lifestyle and open‑air centers. The financing represents the second and final component of the Company’s refinancing of its former $634 million secured term loan. The new loan with Beal Bank USA is secured by Mayfaire Town Center (Wilmington, NC), Pearland Town Center (Pearland, TX), Southaven Town Center (South...
Back to Newsroom