FOR IMMEDIATE RELEASE
Contact: Keith Britt
Thompson & Co.
901/527-8000
or Andrew J. Groveman
Belz Enterprises
901/260-7278

Belz Enterprises Scores Blockbuster
at 100 Oaks Mall - Nashville

MEMPHIS, Tenn. (January 26, 1998) – A long time ago in a galaxy far, far away there were tiny little movie theaters all over the country… then along came a theater that changed all of that.

100 Oaks Mall in Nashville, Tenn. tops the charts with the grand opening of the new Regal Hollywood 27 Cinema. The 107,000 square foot, 27-screen mega-plex theater is the largest movie theater east of the Mississippi River.

"We are thrilled to have such an amazing complex added to 100 Oaks," says Andrew J. Groveman, senior vice president of marketing and administration, Belz Enterprises. "This magnificent theater only enhances the attraction to the mall as it continues to be the shopping hot spot in the Nashville area."

The new complex features tiered stadium seating in all 27 auditoriums as well as plush high back chairs. Retractable armrests are also available and feature cupholders on every seat. Regal offers three formats of amazing digital sound. The Digital Theater System (DTS), Dolby Digital and Sony Dynamic Digital Sound (SDDS) are able to reproduce the film's soundtrack with unbelievable clarity.

Another draw to 100 Oaks is the recently opened JCPenney Catalog Outlet Store. The 31,000 square foot store offers a new shopping experience to customers.

The new catalog outlet store is located on the second level of the mall and

complements other current popular anchor stores such as Burlington Coat Factory, OFF 5th Saks Fifth Avenue Outlet and Reebok. The JCPenney Catalog Outlet Store offers catalog returned merchandise and discontinued and overstocked merchandise at discounted prices. In addition, the store carries a selection of basic JCPenney merchandise at great everyday values.

100 Oaks was built in 1967 as the second enclosed mall in the Southeast and the first shopping mall in the state of Tennessee. Extensive renovations have made the mall Nashville's premiere value-oriented shopping destination.

Belz Enterprises is a leading innovator in real estate development with interests throughout the South and much of the country. Belz develops, owns and manages over 25 million sq. ft. of industrial/warehouse/distribution centers, shopping centers, office buildings, mixed-use centers and corporate campuses. The company also owns a group of premier hotels including the Peabody Hotels in Memphis and Orlando and various suburban communities.

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