CBL Properties closes USD 50.65 million sale of York Town Center in Pennsylvania

CBL Properties closed the sale of York Town Center, an open-air retail property in York, Pennsylvania, for USD 50.65 million.

• The transaction was priced at an implied 8.5% capitalization rate.
• The deal included the exit of a 50% joint venture partnership, simplifying the company’s structure.
• Proceeds support capital recycling, shifting from a mature asset to higher-yielding reinvestment opportunities.