Carolina Shopping Center | Shopping in North Carolina

Carolina Shopping Center

CBL & Associates Properties, Inc. today launched that it has actually closed in the purchase of a mall in western North Carolina, among almost two dozen retail properties the Chattanooga-based development firm has or intends to sell included in its want to lower debt and focus on its most useful performing centers.

CBL said it sold Waynesville Commons, a 128, 000-square-foot neighborhood center based in Waynesville, N.C., for $14.5 million to a joint venture partner of Yale Realty providers Corp.

"We are very happy to make extra progress on our announced neighborhood center and non-core personality system, " Stephen D. Lebovitz, CBL's president and ceo said in a statement these days. "because of the powerful need for top-notch neighborhood and energy facilities, opening this fluid marketplace provides us with an attractively listed supply of equity for deleveraging. We look forward to announcing extra development in the near future."

CBL is just one of the largest and most energetic proprietors and designers of malls and shopping malls in the us. CBL is the owner of, holds interests in or manages 147 properties, including 91 regional malls, including Hamilton Put and Northgate malls in Chattanooga and Walnut Square Mall in Dalton, Ga.

It's Interesting
  • A lifestyle center is a shopping center or mixed-used commercial development that combines the traditional retail functions of a shopping mall with leisure amenities oriented towards upscale consumers. Lifestyle centers, which were first labeled as such by Memphis developers Poag and McEwen in the late 1980s and emerged as a retailing trend in...
  • Mount Pleasant Towne Centre is an upscale shopping experience located just outside of Charleston, South Carolina. The shopping center is home to over 65 national and local retail stores such as Men's Wearhouse, Old Navy, Gap (clothing retailer), Genealogy Boutique, and Coldwater Creek. You can feed your sweet tooth craving at Sweet Julep's...
  • The Shoppes at Pyramids Village is a shopping center in Greensboro, North Carolina. It is on the site of the former Carolina Circle Mall.
    The Shoppes at Pyramids Village in Greensboro, North Carolina was built on the site of the former Carolina Circle Mall. It was established around August 2006 with a Walmart super center.
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