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CBL Plans October Opening for Huntsville Mall

HUNTSVILLE, AL-The Chattanooga, TN-based developer and Colonial Properties Trust of Birmingham, AL have signed 30 leases totaling 120,000 sf for the 755,000-sf Parkway Place, an estimated $37 million, 33-acre redevelopment of the former Parkway City Mall site.

By Stacey Corso | Updated on March 14, 2002

HUNTSVILLE, AL-CBL & Associates Properties Inc. of Chattanooga, TN will be adding 755,000 sf to its existing 56 million-sf retail portfolio in 25 states when it opens in October.

At least 30 tenants are taking 120,000 sf out of 466,619 sf of rentable space in the 33-acre redevelopment of the former Parkway City Mall site in Huntsville, AL.

GlobeSt.com couldn’t reach officials at CBL or its joint venture partner,Birmingham, AL-based Colonial Properties Trust, to learn the development cost of the project, the amount of space each tenant is leasing or the average asking rents. But area brokers and construction industry estimators tell GlobeSt.com on condition of anonymity the venture’s hard cost is about $80 per sf or an estimated $37 million for the entire undertaking.

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