CBL Announces Addition of Restaurant District at Volusia Mall in Daytona Beach, FL

  CBL Announces Addition of Restaurant District at Volusia Mall in Daytona
  Beach, FL

Business Wire

CHATTANOOGA, Tenn. -- April 22, 2013

CBL & Associates Properties, Inc. (NYSE: CBL), today announced that
construction had commenced on the addition of a restaurant district at Volusia
Mall in Daytona Beach, FL. The 28,000-square-foot district will deliver
preferred restaurant names such as Bahama Breeze, Olive Garden, and IHOP. The
development is located on a parcel at the east corner of the mall property.
The grand openings are anticipated in late 2013.

“With its prime location across from the Daytona Speedway, the addition of
these outstanding national restaurants is sure to be well received and
satisfies a demand in the market for additional dining choices,” said Stephen
Lebovitz, president & chief executive officer, CBL & Associates Properties,
Inc. “This development represents another step in our ongoing commitment to
enhancing Volusia Mall to further its long-term success.”

Volusia Mall is a 1.1-million-square-foot super regional shopping center
featuring more than 120 specialty stores including Aéropostale, The Buckle,
Finish Line, Journeys, Hollister Co. and Victoria’s Secret. Recent additions
to the mall include Flip Flop Shop, Cotton On, CCS and Taco Bell. Volusia Mall
is strategically located across the street from the Daytona International
Airport and Daytona International Speedway and less than ten minutes from the
world famous Daytona Beach. For more information visit volusiamall.net.

Businesses interested in obtaining leasing information about Volusia Mall
should contact Lance Johnson, Senior Leasing Manager, by telephone at
423.490.8685 or by email at lance_johnson@cblproperties.com. For outparcel
information, interested companies should contact Jamey Flegal, Director of
Peripheral Development and Leasing, by telephone at 423.553.8792 or by email
at jamey_flegal@cblproperties.com.

About CBL & Associates Properties, Inc.

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
159 properties, including 96 regional malls/open-air centers. The properties
are located in 27 states and total 92.9 million square feet including 10.5
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.

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:
Wayne Bohl, 386-253-6785 ex. 228
General Manager
wayne_bohl@cblproperties.com