CBL & Associates Properties, Inc. Monday announced that it has closed on the disposition of Waynesville Commons, a 128,000-square-foot community center located in Waynesville, NC, for $14.5 million to an affiliate of Yale Realty Services Corp.
“We are pleased to make additional progress on our announced community center and non-core disposition program,” said Stephen D. Lebovitz, president and chief executive officer. “Given the strong demand for high-quality community and power centers, accessing this liquid market provides us with an attractively priced source of equity for deleveraging.
We look forward to announcing additional progress in the near future.”