CBL announced it has closed on a sale of three Tier 3 malls to Hull Property Group for a price of $32.25 million. Changing hands are the Randolph Mall in Asheboro, North Carolina, and the Regency Mall in Racine, Wisconsin.
The identity of the third property was not disclosed.
"With eight mall dispositions completed in 2016, this has been a transformative year for CBL," said Stephen Lebovitz, CBL’s president & CEO. "As we near the completion of this transformation, our portfolio and our company are stronger today than they have ever been.”