Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BEAUMONT, TX-The 80,190-sf Parkdale Crossing in Beaumont, TX has opened at 91% leased. Owned by CBL & Associates Properties Inc. of Chattanooga, TN, the center neighbors the 1.4-million-sf Parkdale Mall in Beaumont, TX.

“The completion of Parkdale Crossing is part of a major investment in enhancing Parkdale Mall’s status as the dominant retail complex in a trade area of 500,000 people,” said CBL’s chairman and CEO Charles B. Lebovitz. The center is anchored by Barnes & Noble, Office Depot and Lifeway Christian Bookstore.

CBL & Associates acquired the mall in early 2001 as a part of a multi-billion dollar acquisition of 21 malls and two centers from the Richard E. Jacobs Group Inc. Construction on Parkdale Crossing, a $12-million undertaking, began shortly after the transaction was finalized.

The center’s completion was undertaken in concert with a mall overhaul. To date, the work has brought a 171,000-sf Foley’s as well as major interior and exterior improvements. Soon to come will be a 26,415-sf Linens N Things. The mall construction will be completed in summer 2003.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.