Home breadcru News breadcru Company breadcru Foley's & Dillard's to develop CBL & Associates open-air shopping center

Foley's & Dillard's to develop CBL & Associates open-air shopping center

24 Jun '05
6 min read

Houston based Foley's is one of The May Department Stores Company seven department store divisions. Foley's currently operates 47 stores in Texas, and 22 additional stores in Colorado, Louisiana, New Mexico, and Oklahoma. Foley's net sales for fiscal 2004 were $1.9 billion.

Nation's largest fashion apparel and home furnishings retailer Dillard's Inc with annual revenues exceeding $7.8 billion. The company focuses on delivering maximum fashion and value to its shoppers by offering compelling apparel and home selections complemented by exceptional customer care. Dillard's stores offer a broad selection of merchandise and feature products from both national and exclusive brand sources.

CBL owns and manages six regional malls in Texas including Parkdale Mall in Beaumont, Sunrise Mall in Brownsville, Post Oak Mall in College Station, Plaza del Sol in Del Rio, Mall del Norte in Laredo and Richland Mall in Waco, plus two community centers.

CBL & Associates Properties Inc is the fourth largest mall REIT in North America and the largest owner of malls and shopping centers in the Southeast, ranked by GLA. CBL owns, holds interests in or manages 172 properties including 71 enclosed regional malls. The properties are located in 29 states and total 74.7 million square feet including 2.0 million square feet of non-owned shopping centers managed for thirges 172 properties including 71 enclosed regional malls. The properties are located in 29 states and total 74.7 million square feet including 2.0 million square feet of non-owned shopping centers managed for third parties.

CBL currently has seven projects under construction totaling approximately 1.5 million square feet. The projects include two open-air shopping centers located in Ft. Myers, FL and Memphis (Southaven, MS), TN, three community centers and two expansions.

CBL & Associates Properties Inc

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