DOCSLIB.ORG

View Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
View Annual Report CBL & Associates Properties, Inc. CBL & Associates Properties, Inc. 2013 Annual Report 2013 Annual Report Positive Developments Positive Developments From mall redevelopments and expansions, to opening new outlet and retail centers, to the achievement of our inaugural unsecured bond offering, these developments contributed to the Company’s positive performance and paved the way for future growth opportunities. CBL & ASSOCIATES PROPERTIES, INC. CORPORATE OFFICE BOSTON REGIONAL OFFICE DALLAS REGIONAL OFFICE ST. LOUIS REGIONAL OFFICE CBL CENTER WATERMILL CENTER ATRIUM AT OFFICE CENTER 1200 CHESTERFIELD MALL SUITE 500 SUITE 395 SUITE 750 CHESTERFIELD, MO 63017-4841 2030 HAMILTON PLACE BLVD. 800 SOUTH STREET 1320 GREENWAY DRIVE (636) 536-0581 CHATTANOOGA, TN 37421-6000 WALTHAM, MA 02453-1457 IRVING, TX 75038-2503 (423) 855-0001 (781) 398-7100 (214) 596-1195 The 2013 CBL & Associates Properties, Inc. Annual Report saved the following resources by printing on paper containing 10% postconsumer recycled content. TREES WASTE WATER ENERGY SOLID WASTE GREENHOUSE GASES WATERBORNE WASTE CBLPROPERTIES.COM 5 1,930 3,217,760 214 420 13 fully grown gallons million BTUs pounds pounds pounds CBL & Associates Properties, Inc. CBL & Associates Properties, Inc. 2013 Annual Report 2013 Annual Report Positive Developments Positive Developments From mall redevelopments and expansions, to opening new outlet and retail centers, to the achievement of our inaugural unsecured bond offering, these developments contributed to the Company’s positive performance and paved the way for future growth opportunities. CBL & ASSOCIATES PROPERTIES, INC. CORPORATE OFFICE BOSTON REGIONAL OFFICE DALLAS REGIONAL OFFICE ST. LOUIS REGIONAL OFFICE CBL CENTER WATERMILL CENTER ATRIUM AT OFFICE CENTER 1200 CHESTERFIELD MALL SUITE 500 SUITE 395 SUITE 750 CHESTERFIELD, MO 63017-4841 2030 HAMILTON PLACE BLVD. 800 SOUTH STREET 1320 GREENWAY DRIVE (636) 536-0581 CHATTANOOGA, TN 37421-6000 WALTHAM, MA 02453-1457 IRVING, TX 75038-2503 (423) 855-0001 (781) 398-7100 (214) 596-1195 The 2013 CBL & Associates Properties, Inc. Annual Report saved the following resources by printing on paper containing 10% postconsumer recycled content. TREES WASTE WATER ENERGY SOLID WASTE GREENHOUSE GASES WATERBORNE WASTE CBLPROPERTIES.COM 5 1,930 3,217,760 214 420 13 fully grown gallons million BTUs pounds pounds pounds Shareholder Information CORPORATE OFFICE FORM 10-K CBL & Associates Properties, Inc. Copies of the CBL & Associates Properties, Inc. Annual CBL Center, Suite 500 Report on Form 10-K are available, without charge, upon 5. 2030 Hamilton Place Boulevard written request to: 1. 2. 3. 4. Chattanooga, TN 37421-6000 Katie Reinsmidt PRIORITY (423) 855-0001 Senior Vice President Investor Relations PRIORITY PRIORITY PRIORITY PRIORITY and Corporate Investments Position the balance TRANSFER AGENT AND REGISTRAR Sustain positive Add value to assets Pursue selective Upgrade the portfolio sheet to achieve an Computershare CBL & Associates Properties, Inc. momentum in the through redevelopment new development through acquisitions P.O. BOX 30170 CBL Center, Suite 500 investment grade rating operating portfolio and expansions opportunities and dispositions College Station, TX 77842-3170 2030 Hamilton Place Boulevard www.computershare.com/investor Chattanooga, TN 37421-6000 DIVIDEND REINVESTMENT PLAN ANNUAL MEETING OF SHAREHOLDERS The annual meeting of shareholders will be held on Shareholders of record may automatically May 5, 2014, at 4:00 P.M. (EDT) at Embassy Suites, reinvest their dividends in additional shares 2321 Lifestyle Way, Chattanooga, TN. of our Common Stock through our Dividend Reinvestment Plan, which also provides for QUARTERLY STOCK PRICE AND DIVIDEND purchase by voluntary cash contributions. INFORMATION Our portfolio of market-dominant We redeveloped underperforming CBL joined with partners to develop We strategically sold properties that We added to our unencumbered asset For additional information, please contact Focus on strategic The following table presents the dividends declared and regional malls continued to generate spaces to elevate their productivity new, large-scale open-air centers and had less growth potential and rein- pool as we retired maturing loans. Computershare. priorities yields growth. Retailers’ demand for market- and enhance the appeal of the mall, new outlet centers. Such partnerships vested the proceeds into assets that Achievement of strong credit metrics the high and low sale price of the common stock as listed on the New York Stock Exchange for each quarter of 2012 dominant locations remained strong, opening more than 650,000 square feet allow CBL to source strong and well- were attractively priced and have allowed us to obtain investment grade INDEPENDENT AUDITORS success and 2013. and CBL expanded relationships with of big box and junior anchor retailers located development projects through higher near- and long-term growth ratings, which led to our inaugural Deloitte & Touche LLP Atlanta, GA Market Quotations many dynamic retailers. throughout the year. existing relationships. opportunities. public offering of unsecured bonds. Financially and operationally, 2013 Quarter Ended High Low Dividends COUNSEL CBL’s progress in 2013 was March 31 $ 23.79 $ 20.76 $ .230 Husch Blackwell LLP positive. We continued to POSITIVE DEVELOPMENTS POSITIVE DEVELOPMENTS POSITIVE DEVELOPMENTS POSITIVE DEVELOPMENTS POSITIVE DEVELOPMENTS Chattanooga, TN June 30 $ 26.95 $ 20.22 $ .230 pursue our strategic priorities September 30 $ 24.12 $ 18.74 $ .230 Goulston & Storrs and our efforts contributed December 31 $ 20.63 $ 17.76 $ .245 New York, NY to the Company’s successful ADDED IN 2013: Market Quotations performance. Focusing on STOCK EXCHANGE LISTING 5 2.9 2012 Quarter Ended High Low Dividends these priorities also paved PROPERTIES MILLION New York Stock Exchange over junior anchors square feet March 31 $ 19.50 $ 15.41 $ .220 the way for growth opportuni- 20 The Outlet Shoppes $450 Symbols: CBL, CBLPrD, CBLPrE June 30 $ 19.57 $ 16.65 $ .220 ties and more positive 94.7% at Atlanta MILLION September 30 $ 22.55 $ 18.64 $ .220 developments in the future. OCCUPANCY opened in July 2013 DEBUT SENIOR UNSECURED over 15 restaurants December 31 $ 23.00 $ 20.60 $ .220 BOND OFFERING TOTAL RETURN PERFORMANCE The graph below compares the cumulative stockholder return on the Common Stock of the Company with the cumulative total AVERAGE % $323 return of the Russell 2000 index of small companies (“Russell 2000”) and the NAREIT All Equity REIT Total Return Index for the LEASING SPREAD 11.8 MILLION period commencing December 31, 2008, through December 31, 2013. The graph below assumes that the value of the investments 97% in the Company and in each of the indices was $100 at the beginning of the period and that dividends were reinvested. The stock $ LEASED INVESTED IN ACQUISITIONS Baa3 BBB- investment grade investment grade price performance presented is not necessarily indicative of future results. IN 2012 – 2013 46,000 OVER $180 MILLION rating from rating from square foot INVESTED IN Moody’s Fitch 500 EXPANSION redevelopment $356 to 400 OF PROPERTIES AND Cross Creek Mall 300 SALES new developments per square foot $356 FAYETTEVILLE, NC The Outlet Shoppes IN 2013 of the Bluegrass 200 100 Grand Opening in July 2014 0 MORE THAN 2008 2009 2010 2011 2012 2013 $ $1.3 Period Ending 220 Index 12/31/08 12/31/09 12/31/10 12/31/11 12/31/12 12/31/13 BILLION MILLION CBL & Associates Properties, Inc. $100.00 176.94 338.67 320.95 453.13 401.66 MORE THAN $ MILLION IN FINANCING ACTIVITY 35 IN DISPOSITIONS Russell 2000 $100.00 127.17 161.32 154.59 179.86 249.69 in renovations in 2013 95% COMPLETED IN 2009 2010 2011 2012 2013 LEASED IN 2013 2013 NAREIT All Equity REIT Index $100.00 127.99 163.76 177.32 212.26 218.32 designed and produced by see eye / Atlanta & San Antonio Shareholder Information CORPORATE OFFICE FORM 10-K CBL & Associates Properties, Inc. Copies of the CBL & Associates Properties, Inc. Annual CBL Center, Suite 500 Report on Form 10-K are available, without charge, upon 5. 2030 Hamilton Place Boulevard written request to: 1. 2. 3. 4. Chattanooga, TN 37421-6000 Katie Reinsmidt PRIORITY (423) 855-0001 Senior Vice President Investor Relations PRIORITY PRIORITY PRIORITY PRIORITY and Corporate Investments Position the balance TRANSFER AGENT AND REGISTRAR Sustain positive Add value to assets Pursue selective Upgrade the portfolio sheet to achieve an Computershare CBL & Associates Properties, Inc. momentum in the through redevelopment new development through acquisitions P.O. BOX 30170 CBL Center, Suite 500 investment grade rating operating portfolio and expansions opportunities and dispositions College Station, TX 77842-3170 2030 Hamilton Place Boulevard www.computershare.com/investor Chattanooga, TN 37421-6000 DIVIDEND REINVESTMENT PLAN ANNUAL MEETING OF SHAREHOLDERS The annual meeting of shareholders will be held on Shareholders of record may automatically May 5, 2014, at 4:00 P.M. (EDT) at Embassy Suites, reinvest their dividends in additional shares 2321 Lifestyle Way, Chattanooga, TN. of our Common Stock through our Dividend Reinvestment Plan, which also provides for QUARTERLY STOCK PRICE AND DIVIDEND purchase by voluntary cash contributions. INFORMATION Our portfolio of market-dominant We redeveloped underperforming CBL joined with partners to develop We strategically sold properties that We added to our unencumbered asset For additional information, please contact Focus on strategic The following
Load more

Recommended publications
  • Prom 2018 Event Store List 1.17.18
    State City Mall/Shopping Center Name Address AK Anchorage 5th Avenue Mall-Sur 406 W 5th Ave AL Birmingham Tutwiler Farm 5060 Pinnacle Sq AL Dothan Wiregrass Commons 900 Commons Dr Ste 900 AL Hoover Riverchase Galleria 2300 Riverchase Galleria AL Mobile Bel Air Mall 3400 Bell Air Mall AL Montgomery Eastdale Mall 1236 Eastdale Mall AL Prattville High Point Town Ctr 550 Pinnacle Pl AL Spanish Fort Spanish Fort Twn Ctr 22500 Town Center Ave AL Tuscaloosa University Mall 1701 Macfarland Blvd E AR Fayetteville Nw Arkansas Mall 4201 N Shiloh Dr AR Fort Smith Central Mall 5111 Rogers Ave AR Jonesboro Mall @ Turtle Creek 3000 E Highland Dr Ste 516 AR North Little Rock Mc Cain Shopg Cntr 3929 Mccain Blvd Ste 500 AR Rogers Pinnacle Hlls Promde 2202 Bellview Rd AR Russellville Valley Park Center 3057 E Main AZ Casa Grande Promnde@ Casa Grande 1041 N Promenade Pkwy AZ Flagstaff Flagstaff Mall 4600 N Us Hwy 89 AZ Glendale Arrowhead Towne Center 7750 W Arrowhead Towne Center AZ Goodyear Palm Valley Cornerst 13333 W Mcdowell Rd AZ Lake Havasu City Shops @ Lake Havasu 5651 Hwy 95 N AZ Mesa Superst'N Springs Ml 6525 E Southern Ave AZ Phoenix Paradise Valley Mall 4510 E Cactus Rd AZ Tucson Tucson Mall 4530 N Oracle Rd AZ Tucson El Con Shpg Cntr 3501 E Broadway AZ Tucson Tucson Spectrum 5265 S Calle Santa Cruz AZ Yuma Yuma Palms S/C 1375 S Yuma Palms Pkwy CA Antioch Orchard @Slatten Rch 4951 Slatten Ranch Rd CA Arcadia Westfld Santa Anita 400 S Baldwin Ave CA Bakersfield Valley Plaza 2501 Ming Ave CA Brea Brea Mall 400 Brea Mall CA Carlsbad Shoppes At Carlsbad
    [Show full text]
  • Arbor Place Atlanta (Douglasville), GA
    Arbor Place Atlanta (Douglasville), GA Location I-20 at Chapel Hill Road (Exit 36) Anchors Belk, Dillard’s, JCPenney, Macy’s, Sears, Regal Cinemas (18 screens), Bed Bath & Beyond and Forever 21 Size 1,163,310 square feet Website ArborPlace.com Mall Facts Arbor Place continues to be a dominant regional mall and home to 140 specialty retailers including Abercrombie & Fitch, Aéropostale, Bath & Body Works, Buckle, Build-A-Bear Workshop, Charlotte Russe, H&M, Hollister Co., Gymboree, New York & Company and Victoria’s Secret. New specialty retailers include Ashley Stewart, Crazy 8, House of Hoops by FootLocker, p.s. from Aéropostale, Sleep Number by Select Comfort and ULTA. Opening in 2014 is Papaya. The Arbor Place retail complex features an associated center, The Landing at Arbor Place, that includes Toys R Us, Men’s Wearhouse, Shoe Carnival, Logan’s Roadhouse and O’Charley’s. Trade Area The Arbor Place trade area encompasses eight surrounding counties in Facts Georgia (Douglas, Cobb, Carroll, Haralson, Paulding, Fayette, Coweta and south Fulton) and a significant area in eastern Alabama. Douglasville lies only 20 minutes west of downtown Atlanta and provides a quick commute to Hartsfield-Jackson International Airport, the world’s busiest airport. With the close proximity to the airport and daily traffic counts on I-20 that exceed 95,400 vehicles, Douglas County is a prominent business hub for western Georgia and eastern Alabama. Listed as one of Georgia’s larger school systems, Douglas County has approximately 24,500 students enrolled. There are more than 30,000 college and university students attending several public and private colleges within 20 minutes of Arbor Place including the University of West Georgia, West Georgia Technical College, Morehouse College, Morehouse School of Medicine, Clark Atlanta University and Atlanta Technical College.
    [Show full text]
  • Laurence Paskowitz, Et Al. V. CBL & Associates Properties, Inc., Et Al. 19
    UNITED STATES DISTRICT COURT EASTERN DISTRICT OF TENNESEE CHATTANOOGA DIVISION LAURENCE PASKOWITZ, O n B ehalf O f H imself A nd A ll O thers S imilarly S ituated, Plaintiff, v. C ivil .A ction No. ____________ CBL & ASSOCIATES PROPERTIES, INC., STEPHEN CLASS ACTION D. LEBOVITZ, CHARLES B. LEBOVITZ, A. LARRY CHAPMAN and FARZANA KHALEEL, JURY DEMAND Defendants. Plaintiff Laurence Paskowitz (“Plaintiff”), by his attorneys, alleges for his Class Action Complaint against D efendants (defined below) upon personal knowledge as to himself and his own acts, and as to all other matters upon information and belief based upon, inter alia , the investigation made by and through his attorneys (including review of SEC filings, press releases and court proceedings), as follows: SUMMARY OF THE ACTION 1. This is a securities fraud class action brought o n behalf of all persons who purchased the publicly traded securities of defendant CBL & Associates Properties, Inc. (“CBL” or “the Company”) from November 8, 2017 through March 26, 2019 (the “Class Period”). In addition to the Company, D efendants named herein are CBL’s founder and Board Chairman Charles B. Lebovitz, Chief Executive Officer Stephen D. Lebovitz, Chief Financial Officer Farzana Khaleel , and Audit Committee Chairman A. Larry Chapman (collectively, “ the Individual Defend a nts”). Case 1:19-cv-00149-JRG-CHS Document 1 Filed 05/17/19 Page 1 of 23 PageID #: 1 2. CBL, th rough its two operating subsidiaries, is organized as a real estate investment trust (“REIT”). The C ompany’s business is described as follows: “We own, develop, acquire, lease, manage, and operate regional shopping malls, open - air and mixed - use centers, o utlet centers, associated centers, community centers, office and other properties.
    [Show full text]
  • Case 17-12906-CSS Doc 352 Filed 01/19/18 Page 1 of 183
    Case 17-12906-CSS Doc 352 Filed 01/19/18 Page 1 of 183 UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE ) In re ) Chapter 11 ) Charming Charlie Holdings Inc., et al.,) Case No 17-12906 (CSS) Debtors. ) (Jointly Administered) ) STATEMENT OF FINANCIAL AFFAIRS FOR Charming Charlie LLC Case No: 17-12909 (CSS) Case 17-12906-CSS Doc 352 Filed 01/19/18 Page 2 of 183 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE ) In re: ) Chapter 11 ) CHARMING CHARLIE HOLDINGS INC., et al.,1 ) Case No. 17-12906 (CSS) ) ) Debtors. ) (Jointly Administered) ) GLOBAL NOTES AND STATEMENT OF LIMITATIONS, METHODOLOGY, AND DISCLAIMERS REGARDING THE DEBTORS’ SCHEDULES OF ASSETS AND LIABILITIES AND STATEMENTS OF FINANCIAL AFFAIRS Charming Charlie Holdings Inc. and certain of its affiliates, as debtors and debtors in possession in the above-captioned chapter 11 cases (the “Debtors”), have filed their respective Schedules of Assets and Liabilities (the “Schedules”) and Statements of Financial Affairs (the “Statements”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). The Debtors, with the assistance of their legal and financial advisors, prepared the Schedules and Statements in accordance with section 521 of title 11 of the United States Code (the “Bankruptcy Code”) and rule 1007 of the Federal Rules of Bankruptcy Procedure. Robert Adamek has signed each set of the Schedules and Statements. Mr. Adamek serves as the Senior Vice President and Chief Financial Officer at Debtor Charming Charlie Holdings Inc., and he is an authorized signatory for each of the Debtors. In reviewing and signing the Schedules and Statements, Mr.
    [Show full text]
  • Vanderbilt University Retailers in Tennessee: Academy Sports
    Vanderbilt University Retailers in Tennessee: Academy Sports & Outdoors - 90 1915 Mallory Lane Franklin, TN 37067 Phone : 615-771-0184 Academy Sports & Outdoors - 91 2350 North Gallatin Rd. Madison, TN 37115 Phone : 615-855-6900 Alumni Hall - 3 Rivergate Mall 1000 Rivergate Pkwy Suite 1975 Goodlettsville, TN 37072 Phone : 615-859-8808 Amazon.com - Int Seattle, WA 98104 Phone : 206-266-7528 Barnes & Noble College Bookstores - 779 2501 West End Avenue Nashville, TN 37203 Phone : 1-800-288-2665 Bed Bath & Beyond - 568 5301 Hickory Hollow Parkway Antioch, TN 37013 Phone : 615-717-3238 Bed Bath & Beyond - 570 545 Cool Springs Boulevard Franklin, TN 37067 Phone : 615-771-5646 Bed Bath & Beyond - 579 484 North Thompson Lane Murfreesboro, TN 37129 Phone : 615-867-2135 Bed Bath & Beyond - 580 211 Opry Mills Drive Nashville, TN 37214 Phone : 615-514-4000 Bed Bath & Beyond - 581 7657 Highway 70 South Nashville, TN 37221 Phone : 615-646-7383 CBS Sportsline 2200 West Cypress Creek Road Fort Lauderdale, FL 33309 Phone :: 1-877-342-4911 Champs Sports - 14130 118 Opry Mills Drive Nashville, TN 37214 Phone : 615-514-0090 Champs Sports - 14131 5252 Hickory Hollow Parkway Box 1095 Antioch, TN 37013 Phone : 615-731-6107 Champs Sports - 14132 Rivergate Mall 1000 Rivergate Parkway Goodlettsville, TN 37072 Phone : 615-859-5311 Champs Sports - 14153 Governor's Square 2801 Wilma Rudolph Blvd Space 335 Clarksville, TN 37040 Phone : 931-647-9373 Champs Sports - 14154 2615 Medical Ctr Parkway Murfreesboro, TN 37129 Phone : 615-890-2553 College Station 4674 Merchants Park Circle Suite #424 Collierville, TN 38017 phone: 901-854-0225 College Station 2100 Hamilton Place Blvd.
    [Show full text]
  • FAYETTE MALL Lexington, KY CBL PROPERTIES
    MALL FAYETTE Lexington, KY CBL PROPERTIES HIGHLIGHTS NUMBER OF STORES 150 TRADE AREA 824,980 (2017 est.) SIZE 1,203,002 square feet CENTER EMPLOYMENT 2,750 (est.) FEATURED STORES Macy’s, Dillard’s, DICK’S Sporting Goods, JCPenney, Altar’d State, Apple, The Cheesecake Factory, Cinemark (16 1971 screens), Coach, Disney, H&M, Michael Kors, and Sephora YEAR OPENED WEBSITE ShopFayette-Mall.com CORPORATE OFFICE: FOR LEASING: CBL Center, Suite 500 MALL OFFICE: CBL PROPERTIES Laura Farren 3401 Nicholasville Road, Suite 303 cblproperties.com 2030 Hamilton Place Boulevard p. 423.490.8620 c. 423.463.4589 Lexington, KY 40503 NYSE: CBL Chattanooga, TN 37421-6000 [email protected] 859.272.3493 423.855.0001 DEMOGRAPHICS TRADE AREA FACTS PRIMARY SECONDARY TOTAL • Known as the “Horse Capital of the World,” Lexington, Kentucky POPULATION TRENDS TRADE AREA TRADE AREA TRADE AREA contributes over $5 billion a year to the state’s horse industry. 2022 Projection 420,298 448,220 868,518 • Lexington is the financial, retail, healthcare and cultural core of the 2017 Estimate 396,214 428,766 824,980 entire Bluegrass region. 2010 Census 369,850 412,671 782,521 • High household income of almost $80,000 is fueled by some of the 2017-2022 % Change 6.08% 4.54% 5.28% largest corporations in the U.S., including Toyota’s primary Camry/ Avalon/Lexus ES350 manufacturing facility, Ashland Oil, Lexmark, 2017 Daytime Population Estimate 251,368 189,885 441,253 IBM, Square D, The Trane Company, and Tempur-Pedic. • 27 companies, including Toyota, Florida Tile, EnerBlu Inc. and AVERAGE HOUSEHOLD INCOME Xooker invested $1.5 billion in the Lexington area for business 2022 Projection $92,586 $76,397 $84,384 expansion in 2017.
    [Show full text]
  • Addressing Addiction As a Family Disease See Story on Page 4
    wintervol. 23, issue 1 2012 Addressing Addiction as a Family Disease See story on page 4. FROM THE CEO TABLE OF CONTENTS Landmark addiction report reach published March 2017 is a call to action FEATURE STORY “Substance misuse is one of the critical public health problems of our time.” p.04 Addiction: A family disease Rosecrance program provides healthy techniques for healing and support That introduction from the landmark 2016 Surgeon General’s report on addiction sums up something we here at Rosecrance have known for decades. We recognized it in 1982 when LEADING THE FIELD we started treating teens for chemical dependency—as it was known back then—and again p.06 Fun glimpse at experiential therapies a decade later when we expanded and built a new treatment center for adults. p.07 Around the network Addiction is a complex brain disease with many risk factors, including genetics and age of first use. Rosecrance was founded more than 100 years ago as a children’s home to help p.08 Florian Program expands to serve families in need. Our history of working with kids is why we continue to operate the largest police and veterans residential treatment center for adolescents and young adults in the Midwest and why we specialize our programs to provide clients the best opportunity for lasting recovery. p.09 Alumni Program still going strong The Surgeon General’s report has made diagnosing and treating substance use disorders a p.09 Quitting smoking a target for young clients call to action similar to the report on the dangers of smoking released more than 50 years p.
    [Show full text]
  • Chapter 11 ) CHRISTOPHER & BANKS CORPORATION, Et Al
    Case 21-10269-ABA Doc 125 Filed 01/27/21 Entered 01/27/21 15:45:17 Desc Main Document Page 1 of 22 TROUTMAN PEPPER HAMILTON SANDERS LLP Brett D. Goodman 875 Third Avenue New York, NY 1002 Telephone: (212) 704.6170 Fax: (212) 704.6288 Email:[email protected] -and- Douglas D. Herrmann Marcy J. McLaughlin Smith (admitted pro hac vice) Hercules Plaza, Suite 5100 1313 N. Market Street Wilmington, Delaware 19801 Telephone: (302) 777.6500 Fax: (866) 422.3027 Email: [email protected] [email protected] – and – RIEMER & BRAUNSTEIN LLP Steven E. Fox, Esq. (admitted pro hac vice) Times Square Tower Seven Times Square, Suite 2506 New York, NY 10036 Telephone: (212) 789.3100 Email: [email protected] Counsel for Agent UNITED STATES BANKRUPTCY COURT DISTRICT OF NEW JERSEY ) In re: ) Chapter 11 ) CHRISTOPHER & BANKS CORPORATION, et al., ) Case No. 21-10269 (ABA) ) ) (Jointly Administered) Debtors. 1 ) _______________________________________________________________________ 1 The Debtors in these chapter 11 cases and the last four digits of each Debtor’s federal tax identification number, as applicable, are as follows: Christopher & Banks Corporation (5422), Christopher & Banks, Inc. (1237), and Christopher & Banks Company (2506). The Debtors’ corporate headquarters is located at 2400 Xenium Lane North, Plymouth, Minnesota 55441. Case 21-10269-ABA Doc 125 Filed 01/27/21 Entered 01/27/21 15:45:17 Desc Main Document Page 2 of 22 DECLARATION OF CINDI GIGLIO IN SUPPORT OF DEBTORS’ MOTION FOR INTERIM AND FINAL ORDERS (A)(1) CONFIRMING, ON AN INTERIM BASIS, THAT THE STORE CLOSING AGREEMENT IS OPERATIVE AND EFFECTIVE AND (2) AUTHORIZING, ON A FINAL BASIS, THE DEBTORS TO ASSUME THE STORE CLOSING AGREEMENT, (B) AUTHORIZING AND APPROVING STORE CLOSING SALES FREE AND CLEAR OF ALL LIENS, CLAIMS, AND ENCUMBRANCES, (C) APPROVING DISPUTE RESOLUTION PROCEDURES, AND (D) AUTHORIZING CUSTOMARY BONUSES TO EMPLOYEES OF STORES I, Cindi Giglio, make this declaration pursuant to 28 U.S.C.
    [Show full text]
  • APG Advisors the News Wrap-Up 09.02.20
    APG Advisors The News Wrap-Up 09.02.20 California investor spends $590 million to expand footprint in Research Triangle Park. California-based Alexandria Real Estate Equities Inc. closed on 253 acres at Parmer RTP for $590.4 million. The purchase includes seven parcels across three deed transfers with properties at 14 TW Alexander Drive, 5 Moore Drive, 41 Moore Drive, two at 1818 Ellis Road, and two at 2400 Ellis Road. The seller, Los Angeles-based Karlin Real Estate, has been assembling land and developing the 500-acre Parmer RTP campus for years. Among the largest assemblages in Research Triangle Park, Parmer RTP is an R&D campus of 20 buildings, with tenants such as LabCorp and Credit Suisse. Source: Triangle Business Journal WeWork will leave Durham.ID. Coworking giant WeWork plans to close its location in Durham ID at the end of the year, vacating three floors of office space. The decision to leave Durham.ID is not in response to the pandemic. The review had been in the works since last fall. “As part of WeWork’s plan to seek profitable growth and optimize our global real estate portfolio, we have worked with our landlord partners to consolidate to a single Durham flagship location at One City Center,” said WeWork Vice President Dave McLaughlin. The closure clears the way for new owner Longfellow Real Estate Partners, which paid $138 million last month for full ownership of Durham ID, including Buildings A at 200 Morris and B at 300 Morris St. According to the seller, Bain Capital, “Longfellow was interested in purchasing the project from the partnership but had a business plan that was predicated upon access to WeWork’s space.
    [Show full text]
  • 271 Filed 01/06/21 Page 1 of 5
    Case 20-13076-BLS Doc 271 Filed 01/06/21 Page 1 of 5 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE ------------------------------------------------------------ x : In re: : Chapter 11 : FRANCESCA’S HOLDINGS CORPORATION, Case No. 20-13076 (BLS) 1 : et al., : : Debtors. Jointly Administered : : Re: D.I. 45, 266 ------------------------------------------------------------ x NOTICE OF POTENTIAL ASSUMPTION AND ASSIGNMENT OF EXECUTORY CONTRACTS OR UNEXPIRED LEASES AND CURE AMOUNTS PLEASE TAKE NOTICE THAT: 1. The above-captioned debtors (collectively, the “Debtors”) each filed a voluntary petition for relief under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Court”) on December 3, 2020. 2. On December 4, 2020, the Debtors filed the Motion of Debtors for Entry of Orders (I)(A) Approving Bidding Procedures for Sale of Substantially All of the Debtors’ Assets, (B) Approving Process for Designation of Stalking Horse Bidder and Provision of Bid Protections, (C) Scheduling Auction for, and Hearing to Approve, Sale of Substantially All of the Debtors’ Assets, (D) Approving Form and Manner of Notices of Sale, Auction and Sale Hearing, (E) Approving Assumption and Assignment Procedures and (F) Granting Related Relief and (II)(A) Approving Sale of Substantially All of the Debtors’ Assets Free and Clear of All Liens, Claims, Interests and Encumbrances, (B) Approving Assumption and Assignment of Executory Contracts and Unexpired Leases
    [Show full text]
  • Leaf and Brush Quadrants
    Leaf and Brush Quadrants WE ATHE REND NB 52_B ETHA NIA RURA L HALL RD BURNSIDE KILS TROM SHORE MONTROYA L PINNA CLE BE THANIA RURAL HA LL RD_S B 52 WHISPERWOOD LO NGS HADOW SCOFIELD TO FIND YOUR QUADRANT: SK YEBUCKHAV EN AB BE Y AURORAGLEN JA MMIE PRES TWICK BA LMORAL HILL MIZ PAH CHURCH BANNOCKBURN MARTHA L HWY 66_NB 52 FLORENCE A T S V E SB 5 2_ VILLAGE OAK H HWY 66 WY 66 HWYUNIVE 66 RSIT Y S TAN L CRE STLA WNFERNTREE EYVIL A NOR FERNCRESLO NG CREE K T L E M SHUMATE VIRGINIA LAK E 1) Type your street name in the FIND box above the map FINWICK NY LON MATTHE WS LANDON THORNWOOD SUMM ER T RACE BE AVE R POND TONYA TURF WOOD HUCKLEBERRY NORM AN AMB ERWOOD SHERRI LYNN CHE SRIDGE WILLOWDALE BRAK ENWOOD ZIGLA R AVE RLA N BUSHB ERRY BUNNY GYDDIE RIVE R DALE MOS SGRE EN PHELP S BE THANIA-RURAIE L HALL MARTY BLUE RIDGE EA GLE CRE ST K HUNTING TON RIDGE GRAINWOOD B C ET HA I ALMA NIA -T TEETIME PHELP S OBA V STANLE YV ILLE K C KOGE R (For example: Enter only the name "MILLER" and CLIFFS IDE TOHARI C KE IL FA IRCRES T NITA OLD HOLLOW O BE LLE BE THANIAL PLACE O HARVE ST STO NE FOX CHAS E L CANNO Y I O B KILBV Y FAWN FORES T R R I W L BE THANIA OA KS A AUTUMN B L M NOE L LE WEY R T E B MEA DOW SWE ETB RIAR LE WBRIGHT LEA F O S ROCK S PRING O HARPWE LL BROWNWOOD O E RENWOOD P O WHITEOA K R D P N I LO RE N ECHO HARRINGTON VILLAGE C ANGEL OAK S H STAGE COACH O STONE WA Y LO DGE CRES T K I W ROLLING GREEN O NB 52 LESLIE T CORA L A NOT "MILLER STREET") POLA RIS O HANES M ILL RD_NB 52 MERRY DALE L R PE NNE R RE FLE CT ION T L MURRAY SB 52_W HA NES MILL
    [Show full text]
  • Mount Pleasant Retail Study
    Retail Market Study Mount Pleasant, South Carolina JULY 2017 PREPARED BY 316 West Stone Avenue Greenville, SC 29609 [email protected] 864.915.7102 arnettmuldrow.com 1.0 EXECUTIVE SUMMARY 2 2.0 INTRODUCTION 6 3.0 MARKET AREA 7 4.0 RETAIL MARKET OVERVIEW 8 4.1 RETAIL LEAKAGE ANALYSIS 8 4.2 RETAIL SHARES 14 4.3 RETAIL PULL FACTOR 16 4.4 RETAIL MARKET OVERVIEW FINDINGS 18 5.0 EXISTING MARKET 21 5.1 CURRENT REAL ESTATE MARKET 21 5.2 CURRENT RETAIL SPACE IN MOUNT PLEASANT 22 6.0 LOCAL TRENDS 28 6.1 BUILDING PERMITS 28 6.2 BUSINESS LICENSES 30 6.3 LOCAL TREND OBSERVATIONS 33 7.0 STAKEHOLDER INPUT 34 8.0 CONCLUSIONS 37 1 1.0 Executive Summary Purpose This study was completed to provide the Town of Mount Pleasant with a better understanding of its current retail market. The report explores Mount Pleasant’s place in the larger Charleston Metro market, inventories the existing retail base in the community, details demand for new retail, and assesses those forces outside of demand that impact the commercial market in the Town. It is intended to be a precursor to the upcoming Comprehensive Plan process, as well as inform any economic development planning of the Town particularly as it relates to retail. While the study does not address broader economic development issues such as land use, recruitment, workforce or quality of life, general recommendations are outlined for the Town to consider as it conducts ongoing economic development. Many of these actions will require a deeper look at the overall economic development strategy related to the Comprehensive Plan, planning and development activities, employment and workforce, and small business support, among others.
    [Show full text]