CBL & Associates Properties Inc.
A real estate investment trust (REIT), CBL & Associates Properties Inc. primarily owns regional malls that are the dominant retail facility in middle-market areas and is the largest owner of malls and shopping centers in the Southeast United States. According to its Chattanooga headquarters, CBL's portfolio consists of one office building, totaling 150,000 square feet, and 158 shopping centers, totaling 62.37 million square feet. In 2002, the company reports its dollar volume devoted toward Capital expenditures is $120 million.
[Editors' Note: CBL & Associates Properties continues its history of phenomenal activity with expansions, renovations, and aggressive leasing. Its keen strategy of hitting middle-market areas - locations literally starving for quality retail opportunities - has been fine-tuned to an art.]