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Atlanta Commercial Real Estate

CBL, Horizon Project Beats Expectations

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

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