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CBL Properties sells Monroeville Mall

Inside a mall
Inside a mall
Getty Images

They paid over $230 million for it roughly 20 years ago.

Now CBL Properties has sold Monroeville Mall for $34 million.


That includes the Mall annex.

CBL says this will allow them to focus on better performing properties while generating significant cash.

CBL didn't disclose the buyer, and we're working to find out who it is.