{"id":1007267,"date":"2026-09-30T16:32:14","date_gmt":"2026-09-30T20:32:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-closes-two-strategic-land-sales-bringing-year-to-date-land-sale-proceeds-to-more-than-30-million\/"},"modified":"2026-09-30T16:32:14","modified_gmt":"2026-09-30T20:32:14","slug":"cbl-properties-closes-two-strategic-land-sales-bringing-year-to-date-land-sale-proceeds-to-more-than-30-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-closes-two-strategic-land-sales-bringing-year-to-date-land-sale-proceeds-to-more-than-30-million\/","title":{"rendered":"CBL Properties Closes Two Strategic Land Sales, Bringing Year-to-Date Land Sale Proceeds to More Than $30 Million"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>CBL Properties Closes Two Strategic Land Sales, Bringing Year-to-Date Land Sale Proceeds to More Than $30 Million<\/b><\/p>\n<p>CHATTANOOGA, Tenn.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nToday CBL Properties (NYSE:CBL) announced that it has closed on two additional land sales at Harford Mall in Bel Air, Maryland, and Friendly Center in Greensboro, North Carolina. The transactions support the development of more than 515 class-A multifamily units and bring CBL\u2019s year-to-date gross proceeds from land sales to mixed-use developers to more than $30 million.<\/p>\n<p>\nAt Harford Mall, CBL sold a 3.9-acre parcel of land in the middle of the campus to Maryland-based Cohere Development for the development of a 249-unit luxury residential complex. The project is expected to break ground in the coming weeks with an estimated opening in fall 2028.<\/p>\n<p>\nAt Friendly Center, CBL sold approximately 7 acres to Hines, a leading global real estate investment manager, for the development of a 270-unit Class A multifamily location adjacent to Whole Foods.<\/p>\n<p>\n\u201cThe sale of these two parcels is consistent with CBL\u2019s ongoing strategy of unlocking value from underappreciated land and asset sales while enhancing the long-term value of our portfolio through complementary mixed-use and multifamily development,\u201d said Stephen D. Lebovitz, chief executive officer of CBL Properties. \u201cWith more than $30 million of land sales completed this year, we are demonstrating the embedded value of our real estate and the quality of our locations.\u201d<\/p>\n<p>\nEarlier this year, CBL sold more than 10 acres of land including the former Macy\u2019s parcel at Harford Mall to SJC Ventures for future mixed-use development. At CoolSprings Galleria in Franklin, Tennessee, CBL sold approximately 6 acres to Greystar for a Class A multifamily project. Construction on that project began in June and it is expected to be completed in 2028.<\/p>\n<p><b>About CBL Properties<\/b><\/p>\n<p>\nHeadquartered in Chattanooga, Tennessee, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL\u2019s owned and managed portfolio is comprised of 88 properties totaling 54.5 million square feet across 23 states, including 54 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as 20 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information visit cblproperties.com.<\/p>\n<p>\nCBL_Corp<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260930402931r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260930402931\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260930402931\/en\/<\/a><\/span><\/p>\n<p>\nInvestor Contact: Katie Reinsmidt, Executive Vice President &amp; Chief Operating Officer, 423.490.8301, <a rel=\"nofollow\" href=\"mailto:Katie.Reinsmidt@cblproperties.com\">Katie.Reinsmidt@cblproperties.com<br \/>\n<\/a><br \/>Media Contact: Stacey Keating, Vice President\u2013 Corporate Communications, 423.490.8361, <a rel=\"nofollow\" href=\"mailto:Stacey.Keating@cblproperties.com\">Stacey.Keating@cblproperties.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Tennessee<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Commercial Building &amp; Real Estate Construction &amp; Property Restaurant\/Bar Finance Professional Services REIT Retail Department Stores<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260930402931\/en\/617812\/3\/CBL.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>CBL Properties Closes Two Strategic Land Sales, Bringing Year-to-Date Land Sale Proceeds to More Than $30 Million CHATTANOOGA, Tenn.&#8211;(BUSINESS WIRE)&#8211; Today CBL Properties (NYSE:CBL) announced that it has closed on two additional land sales at Harford Mall in Bel Air, Maryland, and Friendly Center in Greensboro, North Carolina. The transactions support the development of more than 515 class-A multifamily units and bring CBL\u2019s year-to-date gross proceeds from land sales to mixed-use developers to more than $30 million. At Harford Mall, CBL sold a 3.9-acre parcel of land in the middle of the campus to Maryland-based Cohere Development for the development of a 249-unit luxury residential complex. The project is expected to break ground in the coming weeks with an estimated &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-closes-two-strategic-land-sales-bringing-year-to-date-land-sale-proceeds-to-more-than-30-million\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CBL Properties Closes Two Strategic Land Sales, Bringing Year-to-Date Land Sale Proceeds to More Than $30 Million&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1007267","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CBL Properties Closes Two Strategic Land Sales, Bringing Year-to-Date Land Sale Proceeds to More Than $30 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-closes-two-strategic-land-sales-bringing-year-to-date-land-sale-proceeds-to-more-than-30-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBL Properties Closes Two Strategic Land Sales, Bringing Year-to-Date Land Sale Proceeds to More Than $30 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CBL Properties Closes Two Strategic Land Sales, Bringing Year-to-Date Land Sale Proceeds to More Than $30 Million CHATTANOOGA, Tenn.&#8211;(BUSINESS WIRE)&#8211; Today CBL Properties (NYSE:CBL) announced that it has closed on two additional land sales at Harford Mall in Bel Air, Maryland, and Friendly Center in Greensboro, North Carolina. The transactions support the development of more than 515 class-A multifamily units and bring CBL\u2019s year-to-date gross proceeds from land sales to mixed-use developers to more than $30 million. At Harford Mall, CBL sold a 3.9-acre parcel of land in the middle of the campus to Maryland-based Cohere Development for the development of a 249-unit luxury residential complex. 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The transactions support the development of more than 515 class-A multifamily units and bring CBL\u2019s year-to-date gross proceeds from land sales to mixed-use developers to more than $30 million. At Harford Mall, CBL sold a 3.9-acre parcel of land in the middle of the campus to Maryland-based Cohere Development for the development of a 249-unit luxury residential complex. 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