CBL Properties Closes Two Strategic Land Sales, Bringing Year-to-Date Land Sale Proceeds to More Than $30 Million
CBL Properties closed two land sales at Harford Mall in Bel Air, Maryland and Friendly Center in Greensboro, North Carolina, lifting year-to-date gross land-sale proceeds to more than $30 million. The parcels will enable more than 515 class-A multifamily units: 249 units with Cohere Development at Harford Mall and 270 units with Hines adjacent to a Whole Foods at Friendly Center.
Key figures
- Units supported
- 515
- Harford mall units
- 249
- Friendly center acres
- 7
- Friendly center units
- 270
- Ytd land sale proceeds
- $30 million+
- Harford mall parcel acres
- 3.9
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