ATLANTA-CBL & Associates Properties Inc. and U.S. Bank have closed a $70-million loan to finance the construction of The Outlet Shoppes at Atlanta. The outlet center, which will comprise 370,000 square feet, is adjacent to Interstate 575.
The development is a joint venture with Horizon Group Properties Inc., based in Norton Shores, Michigan. The center will comprise over 80 retail outlet stores. Construction is currently underway and is scheduled to be completed in Q2 2013. For the full story, go to Atlanta Business Chronicle .
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