Situated on over 80 acres, Monroeville Mall is an expansive property that spans more than 1.24 million square feet, making it a significant commercial space. As we explore the intricacies of this listing, we'll provide answers to frequently asked questions regarding the ownership and size of this iconic mall.Â
Who has the Monroeville Mall listed for sale?
The Monroeville Mall is listed for sale by Chattanooga, Tennessee-based CBL Properties. JLL is handling the sale.
What is the size of Monroeville Mall property?
The Monroeville Mall property consists of more than 1.24 million square feet on over 80 acres.
What are the potential opportunities for the Monroeville Mall?
According to JLL's marketing materials, the Monroeville Mall offers multiple spin-off opportunities, redevelopment optionality, and immediate upside potential.
What is the current status of CBL Properties?
As revealed in their latest quarterly report, CBL Properties is currently in a much stronger position than in November 2020. They maintain an overall occupancy level of over 89% for their retail properties with continual leasing demand.
What is the expected selling price for Monroeville Mall?
There's no listed price for Monroeville Mall. However, due to current market conditions, industry experts suggest that the selling price may be significantly lower than the $231 million that CBL paid for it in 2004.
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