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Transactions - DECEMBER 9, 2019

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CBL Properties to redevelop retail into family entertainment center

by Released

CBL Properties has plans to redevelop Coastal Grand in Myrtle Beach, S.C. As part of the project, DICK’S Sporting Goods will relocate to a new building near Dillard’s, which will include the addition of Golf Galaxy. Flip N Fly will then open a 53,000-square-foot family entertainment venue in the former DICK’S Sporting Goods location.

Owned and managed by CBL Properties of Chattanooga, Tenn., Coastal Grand Mall features more than 170 specialty shops and is anchored by Bed Bath & Beyond, Belk, Books‑A‑Million, Cinemark Theatres, DICK’S Sporting Goods, Dillard’s, JCPenney, Old Navy and Sears. Coastal Grand Mall is conveniently located at the Highway 17 Bypass and US Highway 501.

“We are successfully executing our redevelopment strategy of adding new, in-demand retail and other uses to enhance the customer experience, including over 850,000 square feet of new-to-market entertainment offerings across over a dozen properties,” said Stephen Lebovitz, chi

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