CBL Properties to use proceeds from sale to reduce line of credit

Chicago, July 16 – CBL Properties used proceeds from its recent sale of the Forum at Grandview to reduce the outstanding balance on its line of credit, according to a company notice.

The company sold the shopping center in Madison, Miss., to Hendon Properties for $31.75 million in cash.

CBL is a Chattanooga, Tenn.-based owner and manager of a national portfolio of market-dominant properties located in dynamic and growing communities.

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