Horizon Group Properties and CBL & Associates Properties, Inc. Announce 38 New
Stores Joining The Outlet Shoppes at Atlanta
Horizon & CBL Announce Updated List to 89 New Stores Opening in July
ATLANTA, May 6, 2013
ATLANTA, May 6,2013 /PRNewswire/ --Horizon Group Properties, Inc.
(OTC:HGPI.PK) and CBL & Associates Properties, Inc. (NYSE: CBL) today
announced the names of 38 additional stores planned to join The Outlet Shoppes
at Atlanta. The list of store now totals 89 with more to be announced soon.
The center will feature the best-known brands and designer outlets, including
Nike, Saks Fifth Avenue OFF 5TH, Bose, Brooks Brothers, Columbia Sportswear,
True Religion, Cole Haan, White House|Black Market, Guess, Fossil, Michael
Kors, Under Armour, and Talbots.
New stores announced today include:
oGH Bass & Co.
oCrabtree & Evelyn
oJohnston & Murphy
oJones New York
oLids Locker Room
oThe Children's Place
The center is scheduled to open to the public on July 18, 2013 with a private
preview event to benefit Elm Street Cultural Arts Center on July 17th.
"We are excited about the additional new stores and believe that this group of
retailers will help draw shoppers from a large area throughout the region,"
said Gary J. Skoien, chief executive officer of Horizon Group Properties.
"The Outlet Shoppes at Atlanta continues to attract the highest caliber retail
names," said Michael Lebovitz, executive vice president – development for
CBL. "With the center opening on July 18th at more than 95% leased, we are
looking forward to building on the momentum of a tremendous opening."
The center is located north of Atlanta at the newly-constructed exit off I-575
at Ridgewalk Parkway in Woodstock. More than 112,000 cars pass the site
daily. The center is convenient to travelers on Interstates 75, 85 and 20 and
is expected to draw over four million visitors annually from a three-state
Designed in a shopper-friendly configuration, the center will feature covered
walkways and landscaped courtyards to maximize the comfort and convenience of
shoppers. Its design blends traditional architecture with lively features
including a children's play area. A center court complete with fountains and a
fireplace will create a festive atmosphere for shoppers and visitors to the
center. The site can accommodate an additional 30,000 square feet of outlet
shops and also features seven parcels for restaurants, service businesses and
other retail uses.
When completed, the center is projected to generate more than $130 million in
annual sales and $3 million of sales and property taxes for the City of
Woodstock. The development and operation of the center is expected to generate
a total of $34 million in taxes for the benefit of the City of Woodstock,
Cherokee County and its school district over the next ten years.
The Outlet Shoppes at Atlanta is a joint venture of CBL & Associates
Properties, Inc. and Horizon Group Properties, Inc. Horizon and CBL are
co-developers of the project; Horizon is responsible for leasing and managing
About Horizon Group Properties, Inc.
Based in Norton Shores, Michigan with executive offices in Rosemont, Illinois,
Horizon Group Properties, Inc. is a leading owner and developer of factory
outlet shopping centers in the United States and Asia and is the developer of
a master planned community in suburban Chicago. For more information, please
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
158 properties, including 96 regional malls/open-air centers. The properties
are located in 31 states and total 92.7 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 atcblproperties.com.
THE OUTLET SHOPPES AT ATLANTA
Phase I of the outlet center will include 370,000
Description: square feet of gross leasable area with expansion
potential for an additional 30,000 square feet. The
site contains seven outparcels.
Co-Developers: Horizon Group Properties, Inc. and CBL & Associates
Architect: Adams + Associates Architecture
Contractor: VCC, LLC
Dates to note: Construction start: May 2012
Grand Opening: July 18, 2013
Amenities: Open-air racetrack design with covered walkways
Customer Service Center
Bus parking and tour group services
Children's play area
Location: I-575 and Ridgewalk Parkway – Woodstock, GA
•BERRY & BERRY/TROPICAL SENSATIONS
•CRABTREE & EVELYN
•JOHNSTON & MURPHY
•JOS A BANK
Retailers: •KAY JEWELERS
•LIDS LOCKER ROOM
•P.S FROM AEROPOSTALE
•SAKS FIFTH AVE. OFF FIFTH
•SPRITZ DESIGNER FRAGRANCES
•WHITE HOUSE/BLACK MARKET
Additional store announcements will be made in the near future.
SOURCE Horizon Group Properties, Inc.
Contact: Gina Slechta, SCMD, Vice President of Marketing, PH: 402-991-0875,
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