CHATTANOOGA, Tenn.–(BUSINESS WIRE)–CBL Properties (OTCMKTS:CBLAQ) today announced the launch of a new campaign highlighting the local impact of its shopping centers in their communities. Across its portfolio, CBL is home to more than 1,300 locally owned businesses.<\/p>\n

\u201cCustomers don\u2019t always realize that when they visit their hometown mall, they are supporting local businesses,\u201d said Stephen Lebovitz, chief executive officer, CBL Properties. \u201cBy visiting their local CBL mall they are bringing to fruition the dreams of local entrepreneurs, contributing to the funding of critical school and community programs through sales and ad valorem tax, helping local non-profit organizations and creating job opportunities for their friends and neighbors employed at or around the mall. We are proud of the prominent role we play in contributing to our local communities.\u201d<\/p>\n

CBL\u2019s properties are economic engines in their markets, employing an estimated 100,000 people across 24 states and contributing nearly $70 million in annual property taxes as well as millions of dollars in annual sales tax that fund vital programs in their communities. Each property is a valued community partner, serving as host to over 350 community and other events throughout a typical year (pre-COVID). The more than 1,300 locally owned businesses that operate across CBL\u2019s portfolio comprise more than 3.2 million square feet and generate over $284 million in annual sales.<\/p>\n

\u201cOur properties are where people work their first job or build lifelong careers, they are hubs of social interaction, and community partners providing support to local non-profit organizations,\u201d Lebovitz said. \u201cOur properties are a place where entrepreneurs can start a business and build on their success.\u201d<\/p>\n

Some of the unique local businesses available to shop at CBL properties include Bourbon Creek at Fayette Mall in Lexington, Kentucky, Bo2S Lady Designs at West Towne Mall in Madison, Wisconsin, and Mason & Magnolia at Coastal Grand in Myrtle Beach, South Carolina. These locally owned retailers, and numerous others, will be featured on CBL\u2019s social media and local TV segments as part of the company\u2019s ongoing \u201cWe Are Local\u201d campaign.<\/p>\n

Bourbon Creek at Fayette Mall, owned by a husband and wife team who live and work in Lexington, creates custom home d\u00e9cor items using aged reclaimed lumber, barn wood, and Kentucky bourbon barrels. \u201cI believe there is a very small group of people out there that know they\u2019re on life\u2019s treadmill and want so badly to work for themselves,\u201d said Mark Thomas, owner of Bourbon Creek. \u201cBut, they\u2019re not sure if they can afford it or they\u2019re concerned the business may fail. It was an incredible and profitable adventure partnering with CBL from the very beginning.\u201d<\/p>\n

Lebovitz added, \u201cBuilding relationships with local entrepreneurs and helping them realize their dream to open a brick-and-mortar location has always been a foundational component of our business. Whether it\u2019s a local franchisee of a national chain or a small business owner with one location, each operator is a critical part of our properties.\u201d<\/p>\n

Businesses and entrepreneurs can learn more about short-term and long-term leasing opportunities at CBL\u2019s properties by clicking here.<\/p>\n","protected":false},"excerpt":{"rendered":"

CHATTANOOGA, Tenn.–(BUSINESS WIRE)–CBL Properties (OTCMKTS:CBLAQ) today announced the launch of a new campaign highlighting the local impact of its shopping centers in their communities. Across its portfolio, CBL is home to more than 1,300 locally owned businesses. \u201cCustomers don\u2019t always realize that when they visit their hometown mall, they are supporting local businesses,\u201d said Stephen […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3,35],"tags":[],"acf":[],"yoast_head":"\n