"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.
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