JOINT VENTURE TO DEVELOP SHOPPING CENTER IN WEST MELBOURNE, FLA.

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WEST MELBOURNE, FLA. — Chattanooga, Tenn.-based CBL & Associates and Amherst, N.Y.-based Benchmark Group are developing Hammock Landing, a 750,000-square-foot open-air shopping center in West Melbourne. Anchor tenants include Marshalls, Linens & Things, Michaels and Petco. Also two other anchors are planned for the center, which will have an additional 120,000 square feet of small shops and restaurants. Hammock Landing will be located on 78 acres at the intersection of Interstate 95 and Palm Bay Rd. The project is slated for completion in the spring of 2009.

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