CBL & Associates Properties, Inc. to Develop Parkway Plaza in Fort Oglethorpe, Georgia

  CBL & Associates Properties, Inc. to Develop Parkway Plaza in Fort
  Oglethorpe, Georgia

              Development 90% Leased Prior to Construction Start

Business Wire

CHATTANOOGA, Tenn. -- March 12, 2014

CBL & Associates Properties, Inc., (NYSE: CBL) today announced its newest
community center development, Parkway Plaza, a 134,100-square-foot project in
Fort Oglethorpe, GA. Construction will begin this June, with the grand opening
scheduled for spring 2015. Once complete, the 16+ acre site will offer several
big name retailers that are new to the area, including anchor stores Hobby
Lobby, Marshalls and Petco.

“Parkway Plaza is well-located and its retail lineup will add attractive
shopping choices to this highly trafficked retail corridor,” said Michael
Lebovitz, CBL’s Executive Vice President – Development and Administration.
“With CBL’s headquarters located in nearby Chattanooga, this was an exciting
opportunity to develop another great center close to home. We are looking
forward to announcing additional retailers as the development progresses.”

Parkway Plaza is currently 90% leased with committed retailers such as Hobby
Lobby, Marshalls, Petco, Rack Room Shoes and Ross Dress for Less. Parkway
Plaza will be located on Battlefield Parkway next to the Walmart shopping
center in Fort Oglethorpe, GA.

For leasing information, please contact Alan Lloyd at 423.490.8386 or by email
at alan_lloyd@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
150 properties, including 91 regional malls/open-air centers. The properties
are located in 29 states and total 86.1 million square feet including 5.6
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.

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.
Media Contact:
Dan Summerlin, 423-490-8315
Director of Corporate Relations
dan_summerlin@cblproperties.com
or
Investor Contact:
Katie Reinsmidt, 423-490-8301
Senior Vice President - Investor Relations/Corporate Investments
katie_reinsmidt@cblproperties.com
 
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