Three CBL malls currently have both stores in them, and Belkwill likely vacate one of the spaces in each unless they opt tohave two units in a mall, says Stephen Lebovitz, CBL's president.But he says the three malls, Citadel Mall, in Charleston, SC;Hamilton Place, in Chattanooga; and Madison Square, in Huntsville,AL are all strong-performing assets. "We think there's good demandfor the spaces," he says.
Some options could include Belk subleasing to other tenants orthe selling of the spaces back to CBL. There are four otherParisians in the CBL's portfolio of 79 regional centers which arenot in assets that already have a Belk.
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