CBL & Associates Properties Inc. today unveiled plans to develop a 370,000-square-foot outlet center outside Atlanta in Woodstock, Ga.
The Chattanooga-based company has formed a 75/25 percent joint venture with Horizon Group Properties Inc. to develop The Outlet Shoppes at Atlanta.
Construction is expected to begin in the spring with grand opening scheduled for late summer 2013. CBL and Horizon are co-developing the project with Horizon responsible for leasing and management.
"We are pleased to grow our presence in the outlet industry by partnering with Horizon Group to develop The Outlet Shoppes at Atlanta," said Stephen Lebovitz, president and chief executive officer for CBL. "Retail interest is very strong and leases have already been executed with some of the best names in the outlet business today. We are confident that The Outlet Shoppes at Atlanta will be a terrific investment for CBL."