Market Overview

CBL Properties Announces Premier Supermarket Joining Stroud Mall in Stroudsburg, Pennsylvania


CBL Properties (NYSE:CBL) today announced redevelopment plans for the
former Bon-Ton space at Stroud Mall in Stroudsburg, Pennsylvania. The
redevelopment will deliver a brand new, state-of-the-art
87,000-square-foot ShopRite supermarket.

Village Super Market, Inc. and the Sumas family, owners and operators of
30 ShopRite stores in New Jersey, Maryland, New York and Pennsylvania,
will bring their newest store to the Stroud Mall in 2019. The Stroud
Mall ShopRite will focus on providing fresh prepared foods, produce,
meat and seafood, while offering a large and varied selection of
groceries, organic and locally sourced foods. The new store will also
include a health and wellness department led by a registered dietitian.

"We are thrilled to work with ShopRite to debut the company's new
concept through this redevelopment," said Stephen Lebovitz, chief
executive officer, CBL Properties.

"We expect this state-of-the-art ShopRite to be a great anchor to the
shopping center and a community destination for local residents," said
Perry Blatt, third generation supermarket operator and Director of
Marketing and Business Development for Village Super Market, Inc. "We
look forward to partnering with CBL to bring ShopRite to the Stroud

Lebovitz added, "As consumer preferences evolve, the offerings at our
properties must also evolve. ShopRite will provide our customers in
Stroudsburg and the entire region an unparalleled experience, driving
new traffic and sales to the entire property. We are excited for
construction to start shortly and for next year's grand opening."

About ShopRite

ShopRite is the registered trademark of Wakefern Food Corp., a
retailer-owned cooperative based in Keasbey, NJ, and the largest
supermarket cooperative in the United States. With more than 270
ShopRite supermarkets throughout New Jersey, New York, Pennsylvania,
Connecticut, Delaware and Maryland, ShopRite serves more than six
million customers each week. Through its ShopRite Partners In Caring
program, ShopRite is dedicated to fighting hunger in the communities it
serves. Since the program began in 1999, ShopRite Partners In Caring has
donated $43 million to food banks that support more than 2,200 worthy
charities. As a title sponsor of the ShopRite LPGA Classic Presented by
Acer, ShopRite has donated $31 million to local organizations, hospitals
and community groups. For more information, please visit

About CBL Properties

Headquartered in Chattanooga, TN, CBL Properties owns and manages a
national portfolio of market-dominant properties located in dynamic and
growing communities. CBL's portfolio is comprised of 117 properties
totaling 72.8 million square feet across 27 states, including 74
high-quality enclosed, outlet and open-air retail centers and 13
properties managed for third parties. CBL continuously strengthens its
company and portfolio through active management, aggressive leasing and
profitable reinvestment in its properties. For more information visit

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