CBL & Associates Properties, Inc. (NYSE:CBL) today announced that in 2012 it will complete multi-million dollar renovations at four market-dominant CBL Malls, with projects scheduled for Cross Creek Mall in Fayetteville, NC; Post Oak Mall in College Station, TX; Turtle Creek Mall in Hattiesburg, MS; and Mall del Norte in Laredo, TX. CBL continually reinvests in its portfolio of dominant regional malls, enhancing their appeal to both retailers and shoppers. The renovations are expected to be completed by the end of 2012.

"We have always believed that it is important to invest in the ongoing success of our properties and are pleased to continue that commitment with our 2012 renovation program," said Stephen Lebovitz, president and CEO. "These enhancements insure that each mall remains a top shopping destination, attracting great new retail and restaurant names."

Cross Creek Mall will receive contemporary design improvements including updated entrances, paint, new interior décor and graphics, upgraded restrooms and amenities, and new landscaping. The renovation work at Mall del Norte will complete a series of upgrades started in 2007. Turtle Creek Mall's renovation will include new carpet and tile throughout, paint, lighting and restroom upgrades, as well as landscaping improvements. The renovation at Post Oak Mall will involve modern updates including new flooring and paint as well as all new amenities such as soft seating areas and décor, updated entrances, and lighting. In addition, the food courts at Cross Creek Mall, Turtle Creek Mall and Post Oak Mall will receive completely new designs, including new tables and chairs.

About Cross Creek Mall

Cross Creek Mall is a more than 1.0 million-square-foot enclosed super-regional mall located in Fayetteville, NC. The center is anchored by Belk, JCPenney, Macy's and Sears and features more than 150 specialty retailers and restaurants including ALDO Shoes, The Buckle, Crazy 8, Express, Foot Locker, Forever 21, Jason's Deli, New York & Company, Red Robin Gourmet Burgers, and Victoria's Secret. Located in Cumberland County within 15 minutes of downtown Fayetteville, Cross Creek Mall is strategically located at the intersection of Morganton Road, Skibo Road, and All-American Expressway, between I-95 and Fort Bragg. Fayetteville is home to Fort Bragg U.S. Army installation which supports more than 60,000 active duty personnel. The total economic impact of the military presence in Fayetteville is more than $9.5 billion a year. As a result of the Base Realignment and Closure Commission (BRAC) recommendations, Fayetteville has recently transformed into a four star installation. Cross Creek Mall is the only super regional mall within a 60-mile radius. More information can be found by visiting www.crosscreekmall.com.

About Mall del Norte

Mall del Norte is the upscale regional shopping destination for south Texas and the affluent citizens of Mexico with its closest competition more than 143 miles away. Located in Webb County, Laredo lies on the Mexican border pulling from a tremendous population base of 5.2 million residents of the Mexican cities of Nuevo Laredo, Monterrey and Saltillo. Located at I-35, Mann Road and Hillside Road, Mall del Norte is anchored by Bealls, Dillard's, Macy's, Forever 21, JCPenney, Joe Brand, Sears and Cinemark 16 Theatre. The center has more than 160 specialty retailers including ALDO, bebe, Charlotte Russe, Coach, Deutsch & Deutsch, Guess?, Joe Brand, Papaya and Zumiez. For more information, visit www.malldelnorte.com.

About Post Oak Mall

Post Oak Mall is a 775,000-square-foot enclosed regional mall anchored by Bealls, Dillard's for Women and Children, Dillard's for Men and Home, JCPenney, Macy's, and Sears. It is the only super regional shopping center within a 75-mile radius and features more than 120 specialty stores and restaurants including Aéropostale, American Eagle Outfitters, BJ's Restaurant & Brewhouse, The Buckle, Charlotte Russe, Chuy's Mexican Food, Encore Shoes, Forever 21, Fossil, Gymboree, Hollister Co., New York & Company and Vans. College Station is home to Texas A&M, one of the nation's ten largest universities with an enrollment of 50,000 students and approximately 21,000 faculty and staff. More information on Post Oak Mall can be found by visiting www.postoakmall.com

About Turtle Creek Mall

Turtle Creek Mall is an 843,000-square-foot enclosed regional mall with anchors Dillard's, JCPenney, Belk, Stein Mart, and Sears. It serves as the dominant regional shopping center in southern Mississippi, drawing from a radius of more than 45 miles. The center is easily accessed from I-59 and U.S. Highways 49 and 98. Turtle Creek Mall is home to 90 specialty shops including Aéropostale, American Eagle Outfitters, Bath & Body Works, The Buckle, Charlotte Russe, Forever 21, Gymboree, Hollister Co., Journeys, Justice, New York & Company and Victoria's Secret. More information can be found by visiting www.turtlecreekmall.com

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 159 properties, including 87 regional malls/open-air centers. The properties are located in 26 states and total 86.3 million square feet including 3.6 million square feet of non-owned shopping centers managed for third parties. Headquartered in Chattanooga, TN, CBL has regional offices in Boston (Waltham), MA, Dallas (Irving), TX, and St. Louis, MO. Additional information can be found at cblproperties.com.

CBL & Associates Properties, Inc.
Katie Reinsmidt, 423-490-8301
Vice President - Corporate Communications and Investor Relations
katie_reinsmidt@cblproperties.com