{"id":995573,"date":"2026-08-14T14:03:15","date_gmt":"2026-08-14T18:03:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-closes-50-65-million-sale-of-york-town-center-in-york-pa\/"},"modified":"2026-08-14T14:03:15","modified_gmt":"2026-08-14T18:03:15","slug":"cbl-properties-closes-50-65-million-sale-of-york-town-center-in-york-pa","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-closes-50-65-million-sale-of-york-town-center-in-york-pa\/","title":{"rendered":"CBL Properties Closes $50.65 Million Sale of York Town Center in York, PA"},"content":{"rendered":"

<\/p>\n

CBL Properties Closes $50.65 Million Sale of York Town Center in York, PA<\/b><\/p>\n

CHATTANOOGA, Tenn.–(BUSINESS WIRE<\/a>)–
\nCBL Properties (NYSE: CBL) and its 50% joint venture partner announced today that it has closed on the sale of York Town Center, a dominant open-air retail destination in York, Pennsylvania, for $50.65 million. The transaction was completed at approximately an 8.5% capitalization rate.<\/p>\n

\n\u201cWe are pleased to complete the sale of York Town Center at such strong pricing, reflecting the continued investor demand for high-quality retail assets,\u201d commented Stephen D. Lebovitz, Chief Executive Officer of CBL Properties. \u201cThis transaction simplifies our structure through the exit of another joint venture. It also advances our capital recycling strategy and allows us to monetize a mature asset while generating meaningful proceeds that can be redeployed into higher-yielding opportunities. The successful sale demonstrates the value embedded within our portfolio and supports our continued focus on maximizing shareholder value.\u201d<\/p>\n

About CBL Properties<\/b><\/p>\n

\nHeadquartered in Chattanooga, TN, 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 83 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<\/a>.<\/p>\n

Information included herein contains \u201cforward-looking statements\u201d within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company\u2019s various filings with the Securities and Exchange Commission, including without limitation the Company\u2019s Annual Report on Form 10-K and the \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations\u201d included therein, for a discussion of such risks and uncertainties.<\/i><\/p>\n

\nCBL_Corp<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260814364525\/en\/<\/a><\/span><\/p>\n

\nInvestor Contact: Katie Reinsmidt, Executive Vice President & Chief Operating Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com
\n<\/a>
Media Contact: Stacey Keating, Vice President \u2013 Corporate Communications, 423.490.8361, Stacey.Keating@cblproperties.com<\/a><\/p>\n

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

INDUSTRY KEYWORDS:<\/b> Commercial Building & Real Estate Construction & Property Department Stores Finance Other Retail REIT Professional Services Restaurant\/Bar Retail<\/p>\n

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

CBL Properties Closes $50.65 Million Sale of York Town Center in York, PA CHATTANOOGA, Tenn.–(BUSINESS WIRE)– CBL Properties (NYSE: CBL) and its 50% joint venture partner announced today that it has closed on the sale of York Town Center, a dominant open-air retail destination in York, Pennsylvania, for $50.65 million. The transaction was completed at approximately an 8.5% capitalization rate. \u201cWe are pleased to complete the sale of York Town Center at such strong pricing, reflecting the continued investor demand for high-quality retail assets,\u201d commented Stephen D. Lebovitz, Chief Executive Officer of CBL Properties. \u201cThis transaction simplifies our structure through the exit of another joint venture. It also advances our capital recycling strategy and allows us to monetize a mature … <\/p>\n

Continue reading “CBL Properties Closes $50.65 Million Sale of York Town Center in York, PA”<\/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-995573","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCBL Properties Closes $50.65 Million Sale of York Town Center in York, PA - 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-50-65-million-sale-of-york-town-center-in-york-pa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBL Properties Closes $50.65 Million Sale of York Town Center in York, PA - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CBL Properties Closes $50.65 Million Sale of York Town Center in York, PA CHATTANOOGA, Tenn.–(BUSINESS WIRE)– CBL Properties (NYSE: CBL) and its 50% joint venture partner announced today that it has closed on the sale of York Town Center, a dominant open-air retail destination in York, Pennsylvania, for $50.65 million. The transaction was completed at approximately an 8.5% capitalization rate. \u201cWe are pleased to complete the sale of York Town Center at such strong pricing, reflecting the continued investor demand for high-quality retail assets,\u201d commented Stephen D. Lebovitz, Chief Executive Officer of CBL Properties. \u201cThis transaction simplifies our structure through the exit of another joint venture. 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