Following a trend of incoming investment we have seen developing since 2007, CBL and Associates has announced the development of the Mississippi Gulf Coast very first Galleria.
We are proud to announce CBL and Associates will be making a sizable investment in the Mississippi Gulf Coast
CBL & Associates Properties, Inc. is a real estate investment trust (REIT) listed on the New York Stock Exchange under the symbol, “CBL”. CBL is one of the largest mall REITs in the United States and owns, holds interests in or manages 154 properties including 93 market dominant enclosed malls and open-air centers from coast to coast. CBL is an active developer of new regional malls, open-air centers, lifestyle and community centers.
The company’s growth strategy also comes from the acquisition of regional malls. Since going public in 1993, CBL has generated tremendous growth as a company measured both by portfolio size and increases in cash flows and dividends. The company looks forward to continuing success through expansions, renovations and aggressive leasing at its properties. In addition to its ongoing development and acquisition business, CBL also seeks opportunities to increase income through third party management, sponsorship opportunities, brand development and other initiatives.
Information about the new Mississippi Gulf Coast Galleria
*according to the Galleria online brochure.
The mall sits on the gateway to Biloxi’s casinos and
picturesque beach resorts that attract nearly 15 million
visitors each year and adjacent to the much anticipated
Ocean Expo, a 150,000 square foot aquarium opening
The distinctive center offers a warm and inviting oasis
featuring two well-known fashion anchors, a junior
department store, food court, restaurants and hotel.
This two-level shopping center includes nearly 300,000
square feet of specialty shops and restaurants, along
with a comfortable outdoor lifestyle component.
Surrounded by a steadily growing tourist population,
Gulf Coast Galleria is poised to serve as the retail
destination for this thriving, but underserved,
Mississippi coastal community.
A pivotal focal point in the plans for
a thriving community.
Located at the center of it all.
Conveniently located in D’Iberville at the major intersection of I-10 and I-110
on the gateway to beaches, nearly a half dozen premier casinos and the main
east/west corridor between Mobile and New Orleans where an estimated
100,000 cars pass each day.
Over 15 million annual tourists and nearly half a million residents.
Keesler Air Force Base which is home to 40,000 technical training students
and the second largest Air Force medical facility in the U.S.