CBL Properties Announces Sale of The Promenade in D’Iberville, MS - WXXV News 25

CBL Properties Sells The Promenade in D’lberville, Mississippi, for $83 Million

D’lberville, Miss. — CBL Properties has sold The Promenade, a 621,000-square-foot open-air retail center located in D’lberville, roughly three miles north of Biloxi, for $83 million. The center features a mix… The post CBL Properties Sells The Promenade in D’lberville, Mississippi, for $83 Million appeared first on Shopping Center Business.

CBL Properties Sells 621,000 SF Promenade Shopping Center in D’Iberville, Mississippi for $83.1M

D’IBERVILLE, MISS. — CBL Properties, a publicly traded owner and manager of malls and shopping centers, has sold The Promenade, a 621,000-square-foot power shopping center located in D’Iberville, roughly four miles north of Biloxi, Miss. An undisclosed investor purchased the center for $83.1 million. Built in 2009 by CBL Properties, The Promenade is anchored by national retailers including Target, Kohl’s, Best Buy, Dick’s Sporting Goods, Ulta Be…

Largest shopping center on Mississippi Gulf Coast purchased for $83.1 million - SuperTalk Mississippi

The largest shopping center along the Mississippi Gulf Coast has been sold. CBL Properties, the company that owned The Promenade in D’Iberville, announced that the 621,000-square-foot open-air mall sold for $83.1 million. The Chattanooga, Tenn.-based company, which owns more than 80 malls and open-air venues, did not disclose who the buyer was. “The Promenade disposition was completed at an attractive 8.5% cap rate, providing a meaningful demons…

CBL Properties Announces Sale of The Promenade in D’Iberville, MS - WXXV News 25

D’IBERVILLE, Miss. (WXXV) — CBL Properties announced that it has closed on the $83.1 million sale of The Promenade, a 621,000-square-foot open-air center in D’Iberville. It is unclear who the buyer is, but D’Iberville City Manager Bobby Weaver says the city is hoping to hear from the new owners soon, and potentially sit down with the company to discuss their intentions with the shopping center. Since CBL opened The Promenade in 2009, people from…