CBL & Associates Properties, Inc.(NYSE:CBL) Works Magic On Its Monroeville Properties


Dallas, Texas 02/10/2014 (FINANCIALSTRENDS) CBL & Associates Properties, Inc.(NYSE:CBL) the Tennessee based real estate developer and  owner of shopping centers and  malls in the US, has announced commencement of additional retail space for a leading sports brand at one of its high-profile malls, the Monroeville Mall.

Monroeville Mall, located at Allengheny country, is a regional trade area, catering to Pittsburgh suburbs, Armstrong as well as Westmore Counties. The mall is a two-level center with some of the top retailers- H&M, Red Robin Gourmet Burgers, Abercrombie & Fitch besides latest addiont of Barnes & Noble Bestsellers, Monterey Bay Fish Grotto as well as SAGA Japnese Steak House.

Dick Sporting Goods

CBL & Associates Properties, Inc.(NYSE:CBL) in its latest press release dated Feb 4, 2014, has announced that the famous Monroeville Mall will see additional construction of over 54,000 square foot to house one of the leading sports goods store- Dick’s Sporting Goods.

CBL & Associates Properties, Inc.(NYSE:CBL) has since November added large spaces like the state- of –the art Cinemark Theatre, which houses 12 screens as well as the famous H&M on a 20,000 square foot retail space in the mall.

Growth Driven

CBL & Associates Properties, Inc.(NYSE:CBL) with integrated real estate investment services is able to operate, own as well as build some of the best commercial spaces in the country like shopping malls. With presence in over 27 states, in the south eastern as well as the mid-western states, CBL continues to build and offer better real estate investment options for investors.

Incidentally, CBL holdings have had profitable third quarter as well. It has now closed deals on three malls as well related properties of these malls.

President and CEO of CBL& Associates Properties Inc, admits that Dick’s sporting Goods expansion has  allowed his company to re-develop and add to existing Monroeville Mall services emphasising the company’s commitment to reinvest in its core centers  allowing better shopping, entertainment and dining services.