MONROEVILLE, Pa. — The Monroeville Mall has a new owner.
CBL Properties, a Tennessee-based firm, owned the mall for 20 years before putting it back on the market in December.
On Friday, CBL announced that it sold the mall for $34 million cash.
“The sale of Monroeville Mall is a great example of the resilient value of well-located real estate in a dynamic market,” said CBL’s CEO Stephen D. Lebovitz.
The sale includes the mall itself and other nearby buildings.
CBL didn’t reveal the buyer.
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