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CBL Announces Expansion of Cross Creek Mall in Fayetteville, NC



  CBL Announces Expansion of Cross Creek Mall in Fayetteville, NC

Business Wire

CHATTANOOGA, Tenn. -- December 13, 2012

CBL & Associates Properties, Inc. (NYSE: CBL), today announced an expansion of
Cross Creek Mall in Fayetteville, NC. The 46,000-square-foot expansion will
deliver a number of exciting new retailers to the fully leased center
including Chico’s, LOFT, White House | Black Market, Men’s Wearhouse, Reed’s
Jewelers, and Lane Bryant. Additional stores and restaurants will be announced
as the project progresses. Construction on the expansion is scheduled to begin
in early 2013, with a grand opening anticipated in late fall 2013.

“The expansion of Cross Creek Mall allows us to further the tremendous growth
of one of our most successful and productive centers as well as reinforce its
dominant position in the market,” said Michael Lebovitz, executive vice
president – development and administration. “The mall continually maintains a
full occupancy rate, and the queue of retailers interested in joining the
center is growing. We will be pleased to introduce a number of new retail
names to the market at its opening in late 2013, which, along with the
renovation that was recently completed, demonstrates our commitment to
continually enhancing our properties.”

Cross Creek Mall is a 1.0-million-square foot enclosed regional mall located
in Fayetteville, NC. The mall is well-situated at the intersection of
Morganton Road and Skibo Road (the main artery of Fayetteville with upwards of
150,000 cars traveling daily). Cross Creek Mall is the only super regional
mall within a 60-mile radius. Fayetteville is home to Fort Bragg U.S. Army
installation, which supports more than 60,000 active duty personnel. The total
economic impact of the military presence in Fayetteville is more than $9.5
billion a year. As a result of the Fort Bragg Regional Alliance
recommendations, Fayetteville has recently transformed into a four-star
installation.

Cross Creek Mall is anchored by Belk, Macy’s JCPenney, and Sears and features
more than 150 specialty retailers including Aéropostale, Bath & Body Works,
Buckle, The Children’s Place, Express, Foot Locker, Forever 21, The Disney
Store, Gymboree, Red Robin Gourmet Burgers, and Victoria’s Secret. Cross Creek
Mall just received a multi-million dollar renovation featuring new entrances,
new flooring and a renovated food court.

Businesses interested in obtaining leasing information about Cross Creek Mall
should contact Laura Farren at 423.490.8620 or laura_farren@cblproperties.com.

CBL is one of the largest and most active owners and developers of malls and
shopping centers in the United States. CBL owns, holds interest in or manages
162 properties, including 93 regional malls/open-air centers. The properties
are located in 27 states and total 92.9 million square feet including 9.4
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.

Information included herein contains "forward-looking statements" within the
meaning of the federal securities laws. Such statements are inherently subject
to risks and uncertainties, many of which cannot be predicted with accuracy
and some of which might not even be anticipated. Future events and actual
events, financial and otherwise, may differ materially from the events and
results discussed in the forward-looking statements. The reader is directed to
the Company's various filings with the Securities and Exchange Commission,
including without limitation the Company's Annual Report on Form 10-K and the
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" incorporated by reference therein, for a discussion of such risks
and uncertainties.

Contact:

CBL & Associates Properties, Inc.
Katie Reinsmidt, 423-490-8301
Senior Vice President - Investor Relations and Corporate Investments
katie_reinsmidt@cblproperties.com
or
Mall Contact:
Tammy Hopkins, 910-868-7668 ex. 262
Marketing Specialist
tammy_hopkins@cblproperties.com
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