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The Cheesecake Factory and H&M to Be Featured in Fayette Mall Redevelopment in Lexington, KY

  The Cheesecake Factory and H&M to Be Featured in Fayette Mall Redevelopment
  in Lexington, KY

                   CBL Announces Anchor Redevelopment Plans

Business Wire

CHATTANOOGA, Tenn. -- March 25, 2014

CBL & Associates Properties, Inc. (NYSE: CBL), today announced The Cheesecake
Factory^® and H&M are coming to Fayette Mall in Lexington, KY, as part of the
redevelopment of the former Sears location. Designed to significantly enhance
the offerings at the shopping center, the plans include redeveloping the
former Sears store and expanding the mall entrance to create
115,000-square-feet of new retail space for a mix of fashion stores, home
furnishings and fine dining options in the heart of the shopping center. The
Cheesecake Factory and H&M are the first of many premier stores to be
announced as part of the redevelopment, which has begun construction and is
expected to be completed this fall.

“We are excited to bring both The Cheesecake Factory and H&M to Lexington to
further solidify Fayette Mall’s status as one of the premier shopping
destinations in Lexington and the region,” said Stephen Lebovitz, president
and chief executive officer, CBL & Associates Properties, Inc. “The Cheesecake
Factory will provide the Lexington area a quality dining experience they won’t
soon forget. Additionally, H&M is an international fashion leader that will
bring its fashion-forward styles for men and women to Fayette Mall.”

“For more than 35 years, The Cheesecake Factory has been known for creating
delicious, memorable experiences for millions of guests around the country,
and we’re excited about coming to Lexington,” said David Overton, Founder,
Chairman and Chief Executive Officer of The Cheesecake Factory Incorporated.
“We look forward to opening our doors at Fayette Mall later this year.”

H&M will open a two-level, 23,000-square-foot store adjacent to the new mall
entrance. Additional stores and restaurants that are coming to Fayette Mall
include Brighton, Clarks footwear, Jos. A. Bank, Michael Kors and Newk's
Eatery, with more top retailers to be announced as the project progresses.

Fayette Mall is a 1.4 million square-foot super regional shopping center
featuring more than 150 specialty stores and eateries and is anchored by
Dillard’s, Macy’s, JCPenney and Dick’s Sporting Goods. Recent additions to the
mall include Forever 21, francesca’s, J.Jill, and Pandora. For more
information visit ShopFayette-Mall.com or facebook.com/FayetteMall.

Businesses interested in obtaining leasing information about Fayette Mall
should contact Travis Farren, Regional Director of Leasing, by telephone at
423.490.8360 or by email: travis_farren@cblproperties.com.

About The Cheesecake Factory

The Cheesecake Factory Incorporated created the upscale casual dining segment
in 1978 with the introduction of its namesake concept. The Company operates
181 full-service, casual dining restaurants throughout the U.S. and Puerto
Rico, including 169 restaurants under The Cheesecake Factory® mark; 11
restaurants under the Grand Lux Cafe® mark; and one restaurant under the
RockSugar Pan Asian Kitchen® mark. Internationally, four The Cheesecake
Factory restaurants operate under a licensing agreement. The Company also
operates two bakery production facilities in Calabasas Hills, CA and Rocky
Mount, NC that produce over 70 varieties of quality cheesecakes and other
baked products. In 2014, the Company was named to Fortune magazine’s “100 Best
Companies to Work For” list. To learn more about the Company, visit
www.thecheesecakefactory.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.

Contact:

CBL & Associates Properties, Inc.
Dan Summerlin, 423-490-8315
Director of Corporate Relations
dan_summerlin@cblproperties.com
or
Fayette Mall contact:
Sandy Heymann, 859-272-3495
Regional Director of Marketing
sandra_heymann@cblproperties.com
or
The Cheesecake Factory contact:
Murphy Obrien Public Relations
Susan Pasarow, 818-871-3038
or
Anna Whitlow, 818-871-3038
or
Jenny Burke, 818-871-3038
or
Suzanne Davis, 818-871-3038
cheesecake@murphyobrien.com
 
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