2012 CBL & Associates Annual Report
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Description
CBL & Associates’ 2012 Annual Report confirms that the JCPenney relocation was part of a deliberate redevelopment strategy. The company described Monroeville Mall as “a perfect example” of its redevelopment expertise, noting that it had relocated JCPenney into a new right-sized facility while preparing the former JCPenney building for a 12-screen Cinemark theater. In the same report, CBL identified the new JCPenney as a 110,000-square-foot prototype store that opened in October 2012, with the theater redevelopment expected to follow in 2013.