CBL Properties Announces It Had Closed On The Sale Of Imperial Valley Mall In El Centro, CA, For $38.1M, All Cash

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CBL & Associates Properties, Inc.

CBL

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-0.26%

CBL Properties (NYSE:CBL) today announced that it had closed on the sale of Imperial Valley Mall in El Centro, CA, for $38.1 million, all cash. The property served as collateral under CBL's non-recourse term loan. Net proceeds from the sale were applied to the term loan principal balance, which after closing, was reduced to $630.8 million.

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