Mall Owner Cbl Sells Belk-anchored Shopping Center

Shopping mall owner CBL & Associates Properties (NYSE: CBL) has sold off a second, high-performing retail center property in North Carolina. The Chattanooga, Tennessee-based company announced Monday morning that it had sold the Waynesville Commons shopping center located about 30 miles west of Asheville for $14.5 million. The buyer was Yale Realty Services Corp., a private real estate equity firm based in White Plains, New York. "CBL was fantastic to work with.

 

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