CBL & Associates Properties, Inc. and Stirling Properties Celebrate Grand Opening of Fremaux Town Center Phase II

Today, CBL & Associates Properties, Inc. (NYSE: CBL) and Stirling Properties celebrated the Grand Opening of Phase II of Fremaux Town Center in Slidell, Louisiana. This second phase of construction adds 283,000 square feet to the existing shopping center and is anchored by Dillard’s. The rest of Phase II expansion is already 86% leased.

“We’re excited to join Stirling Properties to celebrate the opening of phase two of Fremaux Town Center,” said Michael Lebovitz, Executive Vice President, Development and Administration of CBL & Associates Properties, Inc. “The expansion of this thriving retail complex has allowed us to add even more great retail and restaurant options that will further solidify Fremaux Town Center as the premier regional shopping destination.”

“We are thrilled to celebrate the opening of this second phase of Fremaux Town Center. Phase II complements the existing tenants in the first phase and is another big part of growing the overall development,” stated Stirling Properties’ Senior Vice President of Development, Townsend Underhill. “Fremaux Town Center offers a one-of-a-kind retail experience in the City of Slidell and Eastern St. Tammany Parish, with many of the retailers and restaurants to date that are new to the Northshore.”

Today’s festivities included a ceremonial ribbon cutting, the Marine Corps Band of New Orleans and special guests Mayor Freddy Drennan, St. Tammany Parish President Pat Brister, and City of Slidell Council Members. “We are thrilled to have such a beautiful development in our City,” said Slidell Mayor Freddy Drennan. “I know our citizens are excited about the opening of Fremaux Town Center. I would like to thank Stirling Properties and CBL & Associates for all their efforts in bringing this development to Slidell, and we look forward to developing the remaining 400 acres.”

Fremaux Town Center is located on more than 80 acres at the southwest corner of Interstate 10 and Fremaux Avenue in Slidell, LA. Slidell is the largest municipality in St. Tammany Parish on the northern shore of Lake Pontchartrain near the city of New Orleans. The first phase of construction for Fremaux Town Center included 350,000 square feet of retail and is currently 98% leased and thriving. With its interstate location and high visibility, Fremaux Town Center is expected to become a regional destination. “The expansion of this Town Center represents many economic opportunities for the citizens of Slidell and the whole of St. Tammany Parish,” added Pat Brister. “Just as the first phase offered job opportunities and retail options to the consumer, not just in St. Tammany, but in the surrounding region, this phase will build upon that momentum.”

Tenants Opening in October: Dillard’s, Off Broadway Shoes, Forever21, Victoria’s Secret, Buckle, Charlotte Russe, LOFT, Red Robin, Bath & Body Works, Torrid, Journey’s, Zales, Luxe 83, Which Wich, Claire’s, Francesca’s.

Tenants Opening Soon: Pier 1 Imports, Capital One, Chico’s, Aveda, Goodyear, Tesla Motors – Charging Stations.

For leasing information, please contact Ryan Pecot at 337.572.0246 or rpecot@stirlingprop.com; Rodney Gordon at 423.553.8704 or Rodney.Gordon@cblproperties.com or Tim Gilmore at 423.490.8358 or Tim.Gilmore@cblproperties.com. For information on land surrounding Fremaux Town Center, please contact Dan Tate at 504.620.8132 or dtate@stirlingprop.com.

About Stirling Properties

Celebrating 40 years, Stirling Properties is one of the most diversified full-service commercial real estate companies in the country. Regionally focused and nationally acclaimed, we utilize a comprehensive set of resources and rely on a team of trusted experts in Brokerage Services, Development and Redevelopment, Acquisitions and Investments, and Property and Asset Management over a wide array of property types to deliver long-term value to our clients across the Gulf South. With offices located in Jackson, Mississippi; Mobile, Alabama; Pensacola, Florida; Baton Rouge, Lafayette, New Orleans, Metairie, Covington, Hammond, and Shreveport/Bossier City in Louisiana, Stirling Properties is one of the largest real estate firms in the Gulf South. Connect with Stirling Properties on the web at www.stirlingproperties.com, “like” us on facebook.com/stirlingproperties, follow us @StirlingProp on twitter.com/StirlingProp or subscribe to our Stirling Insights blog.

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 147 properties, including 90 regional malls/open-air centers. The properties are located in 30 states and total 84.0 million square feet including 6.5 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.

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