CBL & Associates closes on sale of Alabama property

• Madison Plaza is a 154K square foot community center in Huntsville, and NYSE:CBL sold it for $5.7M. Earlier this year, the company sold the mall adjacent to this property.
• The company also announces the retirement of four loans totaling $322.7M, with the funds coming from its line of credit. The loans had been secured by four Midwest malls.
• Source: Press Release