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Colonial Properties Trust Sells Metropolitan Midtown for $94 Million Adjusts Reported Fourth Quarter 2012 Earnings for Subsequent Jury Verdict BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Colonial ...
In 2004, the company acquired Cornerstone Realty Income Trust for $650 million in stock. [4] In 2005, the company partnered with DRA Advisors to acquire CRT properties. Colonial received a 15% stake in CRT, which was acquired for $1.8 billion. CRT owned 11.7 million square feet of office space mostly in Atlanta, Houston, Orlando and Charlotte. [5]
CBL & Associates Properties took over management of the mall from PREIT in April 2016. A Sephora location opened in JCPenney in June 2016. Victoria's Secret & Pink opened a larger store in center court in July 2017. In August 2018, Wiregrass Commons Mall was sold to Namdar Realty Group based out of New York. [citation needed]
CBL Properties (previously CBL & Associates, Inc., then CBL & Associates Properties, Inc.) is an American real estate investment trust that invests in shopping centers and owns shopping malls, primarily in the Southeastern and Midwestern United States. The company is organized in Delaware with its headquarters in Chattanooga, Tennessee. [1]
Aronov Realty Eastern Shore Centre (November 17, 2004–present) Spanish Fort: 540,000 square feet (50,000 m 2) Lifestyle Jim Wilson & Associates Midtown Village Tuscaloosa 344,000 square feet (32,000 m 2) [12] Lifestyle Cypress Equities University Mall (August 20, 1980–present) Tuscaloosa 733,254 square feet (68,122 m 2) Enclosed Aronov Realty
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