REAL ESTATE

Round1 signs on at two CBL malls

BY Al Urbanski

CBL Properties’ aggressive property redevelopment effort registered a double-play this week.

Round1 Bowling & Amusement has signed leases to open at the company’s South County Center in St. Louis and Northwoods Mall in North Charleston, S.C. The Japan-based entertainment concept offers an arcade, karaoke, billiards and food and drinks in addition to bowling. Round1 has more than 100 locations in its native land and has been rapidly expanding across the U.S.

“In the first quarter of 2019, 80% of our new leasing was with non-apparel tenants such as Round1, demonstrating our success in diversifying our tenant mix and bringing our vision of transforming our properties into suburban town centers to life,” CBL CEO Stephen Lebovitz said.

The Round1 at Northwoods Mall will occupy approximately 46,000 sq. ft. of reconfigured small shop space. The South County Center location will take up approximately 50,000 sq. ft. Construction on both projects is set to begin later this year.

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