"The Lakes Mall is one of only 11 new malls opening in the country this year," says CBL president Stephen Lebovitz. The mall was developed under a joint venture with David Hocker & Associates of Owensboro, KY.
Among 71 stores that opened were three anchor department stores including JCPenney (106,731 sf), Sears (115,600 sf) and Younkers (106,131 sf).
Construction financing for the retailing complex was provided by US Bank of Minneapolis. It's the eighth shopping center development that US Bank has financed for CBL & Associates Properties.
KA Architects of Cleveland served as the design architects for the mall. General contractor for the regional mall was EMJ Corp.
With the new mall in Muskegon, CBL now owns or manages 157 shopping centers in 26 states with more than 57 million sf.
Other shopping centers currently under construction by CBL include Parkway Place (600,000 sf) in Huntsville, AL; Meridian Mall expansion (178,000 sf) in Lansing, MI; Springdale Mall expansion (113,363 sf) in Mobile, AL; Coastal Way expansion (25,715 sf) in Spring Hill, FL; and Chesterfield Crossing expansion (10,700 sf) in Richmond, VA.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
