The supermarket company announced plans to open three more locations of its smaller-sized urban format, Giant Heirloom Market, in Philadelphia in 2019.
An affiliate of Milwaukee-based Phoenix Investors has purchased Bon-Ton’s 517,000-sq.-ft. distribution center in Rockford, Ill., and is in the market for a new tenant.
CBL announced it had closed on $1.18 billion in financing that will allow it to avoid debt maturities coming due soon and focus its resources on renovating its portfolio of 62-plus malls.
