CBL Announces New Junior Anchor Stores at East Towne and West Towne Malls in Madison, Wisconsin

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CBL & Associates Properties, Inc. (NYSE: CBL) is pleased to announce the addition of a Forever 21 at West Towne Mall and Steinhafels furniture at East Towne Mall in Madison, WI.

CBL enjoys a dominant position in the Madison market with the ownership of both malls and we are pleased to further strengthen that position.

CBL & Associates Properties, Inc. (NYSE: CBL) is pleased to announce the addition of a Forever 21 at West Towne Mall and Steinhafels furniture at East Towne Mall in Madison, WI. These announcements mark the latest progress on CBL's continued success in re-leasing junior anchor locations that became available in 2008. The new 37,000-square-foot Forever 21 and 29,000-square-foot Steinhafels will locate in the former Steve & Barry's locations at the malls. Steinhafels will celebrate its grand opening on July 31, 2009. Forever 21 is scheduled to open this fall.

"We are excited about the addition of Forever 21 and Steinhafels at West Towne and East Towne malls," said Stephen Lebovitz, president of CBL & Associates Properties, Inc. "CBL enjoys a dominant position in the Madison market with the ownership of both malls and we are pleased to further strengthen that position."

Lebovitz added, "We have had great success in re-leasing many of the junior anchor locations that became available following the difficult environment in 2008; evidence of the strength and stability of our dominant mall strategy."

Celebrated by many style conscious and trend-savvy shoppers, Forever 21 has quickly become the source for the most current fashions at the greatest value. Forever 21 is growing quickly, featuring new and exciting store environments, a constant flow of fun and creative clothing designs and the accessories to make your look come together at the right price. A phenomenon in the fashion world, Forever 21 provides shoppers with an unprecedented selection of today's fashions, always changing and always in style. Visit http://www.forever21.com for more information.

Since 1934, Steinhafels Furniture has been a family-owned business providing quality home furnishings, mattresses, and home décor to southeastern Wisconsin. Continually improving and exceeding the expectations of their valued customers has sustained their growth and great reputation. They work hard to bring you old-fashioned values of courtesy, honesty, outstanding service, and are committed to their customers and the communities they serve. For more information visit them on the web at http://www.steinhafels.com.

East Towne Mall is an 840,000-square-foot shopping center located at the intersection of East Washington Avenue (US 151), Zeier Road and Lein Road. In addition to Steinhafels, East Towne Mall is anchored by Boston Store, JCPenney, Sears, Barnes & Noble, Dick's Sporting Goods and Gordmans. The mall has more than 110 specialty retailers including The Buckle, Hollister, Pac Sun, and Victoria's Secret.

West Towne Mall is a 915,000-square-foot shopping center located at the corner of West Madison Beltline (US 12) and Gammon Road. In addition to Forever 21, West Towne Mall is anchored by Boston Store, JCPenney Sears and Dick's Sporting Goods. The mall has more than 100 specialty retailers and 17 eateries including, Apple, Banana Republic, Sephora, Williams Sonoma as well as recent additions to West Towne Mall, Coach and Swarovski.

Persons interested in learning more about leasing space in East Towne and West Towne malls should contact Jim Anders, Senior Leasing Manager at telephone 636-681-1200 or email jim_anders@cblproperties.com. For outparcel information, interested parties should contact Tom Reddy, Director of Peripheral Property at telephone 423-490-8266 or email tom_reddy@cblproperties.com.

About CBL & Associates Properties, Inc.
Including East Towne Mall and West Towne Mall, CBL owns and manages six regional malls in Wisconsin. Other market dominant properties include Janesville Mall in Janesville, Brookfield Square in Milwaukee (Brookfield), Regency Mall in Racine and Wausau Center in Wausau.

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 160 properties, including 88 regional malls/open-air centers. The properties are located in 27 states and total 86.4 million square feet including 2.2 million square feet of non-owned shopping centers managed for third parties. CBL currently has four projects under construction totaling 2.3 million square feet including The Promenade in D'Iberville (Biloxi/Gulfport), MS; Settlers Ridge in Pittsburgh, PA; The Pavilion at Port Orange in Port Orange, FL; and one open-air center. Headquartered in Chattanooga, TN, CBL has regional offices in Boston (Waltham), MA, Dallas, TX, and St. Louis, MO. More information is available at cblproperties.com.

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