CBL & Associates Properties Outlines Future Expansion Plans for CoolSprings Galleria in Nashville (Franklin), TN

CBL & Associates Properties, Inc. (NYSE: CBL) today announced plans for the future development of "The District at CoolSprings Galleria”, an upscale lifestyle expansion at CoolSprings Galleria in Nashville (Franklin), TN. The preliminary plans envision the construction of a vibrant open-air shopping, dining and entertainment destination featuring approximately 200,000 square feet of new premium retail space. The expansion will introduce a targeted selection of junior anchors, an array of high-fashion boutiques and quality sit-down restaurants in a luxurious outdoor atmosphere. The opening of the first phase of this multi-phased expansion is anticipated in 2011. The District at CoolSprings Galleria will feature an open-air, streetscape setting with unique and eye-catching storefronts, attractive architectural elements, extensive landscaping and pedestrian-friendly walkways. Visitors will enjoy shopping an exclusive line-up of fashion retailers as well as dining at the distinctive restaurants that will locate within The District’s restaurant cluster. The lifestyle expansion will offer curbside parking for shopper convenience as well as new structured parking providing visitors with year-round comfort and direct access to the mall and expansion. "We are pleased to announce plans for this latest enhancement to CoolSprings Galleria, which builds on the success of the center and will cater to the growing upscale demographic,” said Stephen Lebovitz, president of CBL & Associates Properties, Inc. "Early on we recognized the strength of the market developing the first significant retail presence to the area with the opening of CoolSprings Galleria in 1991. With the tremendous growth Williamson County continues to experience, it has been only natural for CoolSprings Galleria to improve and evolve along with it. We are proud that CoolSprings Galleria is recognized as the area’s premier retail destination providing its astute clientele with an unparalleled shopping experience and we are committed to maintaining that position of excellence.” Lebovitz added, "We are working closely with city officials and with top retailers to best address consumer demands and craft the best long-term plan for CoolSprings Galleria.” This announcement marks the latest in a number of recent enhancements at the CoolSprings Galleria Complex. In 2006, CBL completed a two-year, multi-million Dollar renovation of the center including upgrades to lighting, entrances, flooring, fixtures and the addition of family-friendly, state-of-the-art amenities. In June, the former Wild-Oats Marketplace, located in CoolSprings Crossing, celebrated the official name change and re-grand opening to Whole Foods Market. The store underwent a renovation offering shoppers a striking new look as well as an expanded product selection. City of Franklin Mayor John Schroer commented on the announcement, "CBL continues to demonstrate their commitment to CoolSprings Galleria and the entire Nashville area, most recently with the multi-million dollar renovation and revitalization of the center and now with the addition of The District at CoolSprings Galleria. We look forward to working with them as they finalize their plans for the expansion.” Persons interested in learning more about The District at CoolSprings Galleria should contact the following representatives:   Leasing: Paul Orth, 423-490-8260 Regional Leasing Director paul_orth@cblproperties.com   Available restaurant space: Bryant Siragusa, 423-553-8790 National Director of Mall Restaurants and Entertainment bryant_siragusa@cblproperties.com   Development: Tim Lowe, 636-536-0581 Senior Vice President - Development tim_lowe@cblproperties.com   Peripheral Property: Rusty Phillips, 423-490-8250 Vice President of Peripheral Property rusty_phillips@cblproperties.com About CoolSprings Galleria CoolSprings Galleria is a more than one million square-foot super-regional shopping destination anchored by Belk, Dillard’s, JCPenney, Macy’s and Sears. The mall is conveniently located off I-65 at exit 69 Galleria Boulevard just fifteen miles south of Nashville. The shopping center features more than 150 specialty stores including "346” Brooks Brothers, Ann Taylor, Banana Republic, Coldwater Creek, Johnston & Murphy, Pottery Barn, and Williams-Sonoma. Bare Escentuals will join CoolSprings Galleria in August. CoolSprings Galleria serves as the thriving retail centerpiece for a large corporate and residential population. The center enjoys a significant daytime population fueled by the more than 36 office buildings comprising over 10.0 million square feet and approximately 4,500 hotel rooms located adjacent to the property. About CBL & Associates Properties, Inc. CBL is one of the largest and most active owners and developers of malls and shopping centers in the United States. CBL owns, holds interests in or manages 158 properties, including 86 regional malls/open-air centers. The properties are located in 27 states and total 84.7 million square feet including 2.2 million square feet of non-owned shopping centers managed for third parties. CBL currently has fourteen projects under construction totaling 4.5 million square feet including Pearland Town Center in Houston, TX; Settlers Ridge in Pittsburgh, PA; The Pavilion at Port Orange in Port Orange, FL; Hammock Landing in West Melbourne, FL; The Promenade in D’Iberville, MS; two lifestyle/associated centers, six expansions/redevelopments, and one community center. Headquartered in Chattanooga, TN, CBL has regional offices in Boston (Waltham), MA, Dallas, TX, and St. Louis, MO. Additional information can be found at cblproperties.com. Information included herein contains "forward-looking statements" within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company's various filings with the Securities and Exchange Commission, including without limitation the Company's Annual Report on Form 10-K and the "Management's Discussion and Analysis of Financial Condition and Results of Operations" incorporated by reference therein, for a discussion of such risks and uncertainties.