- CBL & Associates Properties (NYSE:CBL +1.5%) closed on the sale of three Tier 3 enclosed malls for an aggregate sales price of $32.25M to Hull Property Group.
- Net proceeds will be used to reduce outstanding balances on the Company’s lines of credit.
- “With eight mall dispositions completed in 2016, this has been a transformative year for CBL,” said Stephen Lebovitz, President & CEO.
CBL & Associates Properties closes three mall sale
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| Symbol | Last Price | % Chg |
|---|---|---|
| CBL | - | - |
| CBL & Associates Properties, Inc. | ||