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CBL, Horizon Project Beats Expectations

CBL, Horizon Project Beats Expectations

outlet shoppes

According to CBL Associates Properties, sales at The Outlet Shoppes at Atlanta are doing very well. (It's following that old adage: People love stuff.) "The center had a  tremendous opening, with sales and traffic  above expectations, and is on track to achieve first year sales of over $400/SF," the company stated in filings with the SEC. This reps an initial unleveraged return of approximately 12%. The 370k SF regional power center opened this past July; CBL developed and co-owns (75% stake) the property with Horizon Group Properties