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CBL Properties Celebrates Grand Opening of Shoprite at Stroud Mall in Stroudsburg, Pennsylvania

November 12, 2019

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Nov 12, 2019--

CBL Properties (NYSE:CBL) and ShopRite celebrated the grand opening of its newest state-of-the-art full-service supermarket at Stroud Mall on Nov. 1 with a ribbon cutting ceremony. ShopRite, which is located in the former Bon-Ton store at Stroud Mall, features its own restaurant, Bin37, a wine and beer shop, as well as the area’s first and only food hall experience.

“We are thrilled to welcome ShopRite to Stroud Mall,” said Stephen Lebovitz, chief executive officer, CBL Properties, owner of Stroud Mall. “CBL’s vision is to transform our properties from traditional malls to suburban town centers, and the addition of ShopRite certainly illustrates that vision. The experience that ShopRite offers our customer is unlike anything already available in the market.”

In addition to traditional grocery store offerings, the food hall, Village Food Garden, will offer freshly prepared meal options for take home or dine-in, and Bin37 will offer a full menu prepared by in-store chefs and will feature local craft beers, select wines, and a craft cocktail list.

Lebovitz added, “While Stroud Mall has always been a favored community destination, the convenience and innovative offerings of this new supermarket are sure to drive even more traffic to the property.”

ShopRite is owned and operated by Village Super Market, Inc., which operates 30 ShopRite stores in the mid-Atlantic region.

About Stroud Mall

Owned and managed by CBL Properties of Chattanooga, TN, (NYSE:CBL), Stroud Mall is a 480,000 square-foot regional shopping destination featuring more than 60 stores and eateries and is anchored by JCPenney and ShopRite. The mall also features a 12-screen Cinemark Theater. For more information, visit stroud-mall.com.

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 108 properties totaling 68.2 million square feet across 26 states, including 68 high‑quality enclosed, outlet and open-air retail centers and nine 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191112005381/en/

CONTACT: Investor Contact: Katie Reinsmidt, Executive Vice President & Chief Investment Officer, 423.490.8301,Katie.Reinsmidt@cblproperties.com

Media Contact: Stacey Keating, Director of Public Relations & Corporate Communications, 423.490.8361,Stacey.Keating@cblproperties.com

KEYWORD: PENNSYLVANIA TENNESSEE UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: RETAIL RESTAURANT/BAR SUPERMARKET COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY REIT FOOD/BEVERAGE

SOURCE: CBL Properties

Copyright Business Wire 2019.

PUB: 11/12/2019 10:00 AM/DISC: 11/12/2019 10:01 AM

http://www.businesswire.com/news/home/20191112005381/en