World Library  
Flag as Inappropriate
Email this Article

CBL & Associates Properties

CBL & Associates Properties
Real estate investment trust (REIT)
Traded as NYSE: CBL
Industry Real estate
Founded 1961 (1961)
Founder Moses Lebovitz, Charles Lebovitz, Jay Solomon
Headquarters Chattanooga, USA
Area served

CBL & Associates Properties, Inc. (NYSE: CBL) is a real estate investment trust (REIT) based in Chattanooga, Tennessee. The fourth largest shopping mall REIT in the United States, it owns, holds interests in, or manages 130 properties including 79 market-dominant enclosed malls and open-air centers. CBL is an active developer of new regional malls, open-air centers, and lifestyle and community centers. The company’s growth strategy also comes from the acquisition of regional malls. It is listed on the New York Stock Exchange under the symbol, “CBL”.

In 2008, the company's total revenue was $1.16 billion.[1]


  • History 1
  • See also 2
  • References 3
  • External links 4


The company was founded in 1961 by Moses Lebovitz, Charles Lebovitz, and Jay Solomon as Independent Enterprises. In 1970, the company merged with Arlen Realty & Development Corporation, a New York-based public company with a portfolio of shopping centers along the East Coast, therefore becoming known as Arlen Shopping Center Group and then CBL & Associates in 1978 after Charles Lebovitz and five associates left Arlen.[2][3] The first mall built under the CBL name was the Plaza del Sol Mall in Del Rio, Texas in March 1979.[2] In 1993, CBL & Associates became a REIT and began its acquisition stage in 1995 with WestGate Mall in Spartanburg, South Carolina.[2] In 2001, CBL acquired 23 properties from the Richard E. Jacobs group.[2][4] In 2005, CBL opened its first mall on the West Coast at Imperial Valley Mall in El Centro, California.[2] CBL has focused on its hometown of Chattanooga as it reacquired and renovated Northgate Mall, which its predecessor had built in 1972 and later sold, in September 2011 for $11.5 million from General Growth Properties and has renovated Hamilton Place Mall several times since its 1987 opening, as the company considers Hamilton Place as its flagship property.[3][5][6][7]

See also


  1. ^ CBL & Associates Properties Revenue Sources, Wikinvest. Retrieved July 15, 2009.
  2. ^ a b c d e
  3. ^ a b
  4. ^
  5. ^
  6. ^
  7. ^

External links

This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.

Copyright © World Library Foundation. All rights reserved. eBooks from Hawaii eBook Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.