CBL Continues Mall Disposition Progress with Sale of Bonita Lakes Mall and Crossing in Meridian, MS

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL & Associates Properties, Inc. (NYSE: CBL) today announced that it closed on the sale of Bonita Lakes Mall and Bonita Lakes Crossing in Meridian, MS for $27.91 million to RockStep Capital. Proceeds from the transaction will be used to reduce outstanding balances on CBL’s lines of credit. “With the completion of our third mall sale this year, we are pleased to demonstrate additional progress on our portfolio transformation,” said Stephen Lebovitz, CBL’