CBL Properties Announces Sale of Monroeville Mall for $34.0 Million
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CBL Properties has sold Monroeville Mall and Annex for $34 million in cash, allowing the company to focus on higher productivity properties and generate significant cash proceeds.
January 31, 2025 | 7:15 pm
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CBL Properties sold Monroeville Mall for $34 million, enhancing its cash position and allowing focus on more productive assets.
The sale of Monroeville Mall for $34 million in cash strengthens CBL's financial position and aligns with its strategy to focus on higher productivity properties. This is likely to be viewed positively by investors, potentially boosting the stock price in the short term.
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