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News CBL continues to evolve with the demands of today's consumer. CBL CORPORATE OFFICE CBL Properties CBL Center, Suite 500 2030 Hamilton Place Blvd. CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE: CBL) today announced that it closed on the sale of Parkway Plaza, a community center located in Ft. Oglethorpe, GA, for $16.5 million, in cash. We manage our portfolio of market-dominant retail suburban town centers to generate lasting value for our shareholders. The ex-dividend date of this dividend is Friday, March 29th. Proceeds from the sale were used to reduce outstanding … Company Release - 5/11/2017 5:31 PM ET. The center was purchased by United Properties Corp., a privately held real estate investment group based out of East Meadow, NY. Chattanooga, TN 37421 423.855.0001 CBL & Associates Properties Completes the Sale of Two Malls for $53.5 Million. Chattanooga, TN 37421 423.855.0001
CBL & Associates Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol \"CBL.\" CBL & Associates Properties declared a quarterly dividend on Tuesday, February 26th. That means reducing the number of department stores and adding more entertainment and restaurants, Lebovitz said.“We’re a public company, so we’re always for sale, so to speak,’’ Chief Executive Officer Stephen Lebovitz said in an interview at an industry conference Wednesday. The company looks forward to continuing success through expansions, renovations and aggressive leasing at its properties. Since going public in 1993, CBL has generated tremendous growth as a company measured both by portfolio size and increases in cash flows and dividends. CBL CORPORATE OFFICE CBL Properties CBL Center, Suite 500 2030 Hamilton Place Blvd. CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL & Associates Properties, Inc. (NYSE: CBL) today announced that it closed on the sale of College Square in Morristown, TN and Foothills Mall in Maryville, TN for $53.5 million, all cash. CBL CORPORATE OFFICE CBL Properties CBL Center, Suite 500 2030 Hamilton Place Blvd.
CBL also seeks opportunities to increase income through sponsorship, branding and other initiatives.CBL Properties is a real estate investment trust (REIT) listed on the New York Stock Exchange (NYSE: CBL). This represents a $0.30 annualized dividend and a dividend yield of 22.90%. “We’re a public company, so we’re always for sale, so to speak,’’ … CBL & Associates Properties Inc., an owner of lower-end malls in the suburban U.S., is always open to prospective buyers.