{"id":971065,"date":"2026-06-05T09:03:25","date_gmt":"2026-06-05T13:03:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-closes-on-strategic-land-sale-at-harford-mall-in-bel-air-maryland\/"},"modified":"2026-06-05T09:03:25","modified_gmt":"2026-06-05T13:03:25","slug":"cbl-properties-closes-on-strategic-land-sale-at-harford-mall-in-bel-air-maryland","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-closes-on-strategic-land-sale-at-harford-mall-in-bel-air-maryland\/","title":{"rendered":"CBL Properties Closes on Strategic Land Sale at Harford Mall in Bel Air, Maryland"},"content":{"rendered":"

<\/p>\n

CBL Properties Closes on Strategic Land Sale at Harford Mall in Bel Air, Maryland<\/b><\/p>\n

CHATTANOOGA, Tenn.–(BUSINESS WIRE<\/a>)–
\nToday CBL Properties (NYSE:CBL) announced that it has closed on the sale of a 10.468-acre parcel of land on the northeast side of Harford Mall to SJC Ventures as part of a future masterplan mixed-use redevelopment. The sale is consistent with CBL\u2019s ongoing strategy of unlocking value from underappreciated land and assets that can be redeployed into higher-yielding opportunities.<\/p>\n

\n\u201cThe sale of this parcel at Harford Mall illustrates the inherent value of CBL\u2019s real estate and the attractiveness of our locations for future development,\u201d said Stephen D. Lebovitz, chief executive officer of CBL Properties. \u201cIn the current market, new development is constrained by a lack of available real estate. We believe there\u2019s great potential for future land sales across our portfolio. Including this transaction, CBL has more than $30 million of land sales to mixed-use and multi-family developers in process across its portfolio, highlighting the embedded value within our portfolio and demand for well-located real estate in high barrier to entry markets.\u201d<\/p>\n

\nThe land parcel includes the former Macy\u2019s location, which is expected to be demolished to make way for a future mixed-use development. Additional phases of the overall Harford Mall site redevelopment will be announced in the coming months.<\/p>\n

About CBL Properties
\n
<\/b>Headquartered 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 55.6 million square feet across 23 states, including 55 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 25 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<\/a>.<\/p>\n

\nCBL_Prop<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260605395564\/en\/<\/a><\/span><\/p>\n

\nInvestor Contact:
\n
Katie Reinsmidt
\n
Executive Vice President & Chief Operating Officer
\n
423.490.8301
\n
Katie.Reinsmidt@cblproperties.com<\/a><\/p>\n

\nMedia Contact:
\n
Stacey Keating
\n
Vice President\u2013 Corporate Communications
\n
423.490.8361
\n
Stacey.Keating@cblproperties.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Tennessee Maryland<\/p>\n

INDUSTRY KEYWORDS:<\/b> Retail Other Retail Other Construction & Property Commercial Building & Real Estate Construction & Property Building Systems REIT<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

CBL Properties Closes on Strategic Land Sale at Harford Mall in Bel Air, Maryland CHATTANOOGA, Tenn.–(BUSINESS WIRE)– Today CBL Properties (NYSE:CBL) announced that it has closed on the sale of a 10.468-acre parcel of land on the northeast side of Harford Mall to SJC Ventures as part of a future masterplan mixed-use redevelopment. The sale is consistent with CBL\u2019s ongoing strategy of unlocking value from underappreciated land and assets that can be redeployed into higher-yielding opportunities. \u201cThe sale of this parcel at Harford Mall illustrates the inherent value of CBL\u2019s real estate and the attractiveness of our locations for future development,\u201d said Stephen D. Lebovitz, chief executive officer of CBL Properties. \u201cIn the current market, new development is constrained by … <\/p>\n

Continue reading “CBL Properties Closes on Strategic Land Sale at Harford Mall in Bel Air, Maryland”<\/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-971065","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCBL Properties Closes on Strategic Land Sale at Harford Mall in Bel Air, Maryland - 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-on-strategic-land-sale-at-harford-mall-in-bel-air-maryland\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBL Properties Closes on Strategic Land Sale at Harford Mall in Bel Air, Maryland - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CBL Properties Closes on Strategic Land Sale at Harford Mall in Bel Air, Maryland CHATTANOOGA, Tenn.–(BUSINESS WIRE)– Today CBL Properties (NYSE:CBL) announced that it has closed on the sale of a 10.468-acre parcel of land on the northeast side of Harford Mall to SJC Ventures as part of a future masterplan mixed-use redevelopment. The sale is consistent with CBL\u2019s ongoing strategy of unlocking value from underappreciated land and assets that can be redeployed into higher-yielding opportunities. \u201cThe sale of this parcel at Harford Mall illustrates the inherent value of CBL\u2019s real estate and the attractiveness of our locations for future development,\u201d said Stephen D. 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