CBL Properties Sells The Promenade Retail Center In D'Iberville For $83.1 Million

A retail property located at 3821 Promenade Parkway in D'Iberville, MS was sold by CBL Properties. The asset spans 621,000 square feet and was transacted for $83,100,000 at a price per square foot of $134.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $83,100,000
• Square Footage: 621,000
• Address: 3821 Promenade Parkway
• Market: D'Iberville, MS
• Seller: CBL Properties
• Cap Rate: 8.5%

The deal was characterized as an all-cash transaction. CBL Properties was the sole seller involved in this closed property deal.