The property management company that runs the Wausau Center Mall is expected to sell 21 of its properties, however, it's unknown if Wausau Center will be included in the sale.
A Chattanooga newspaper says CBL & Associates Properties Inc. plans to sell about a quarter of its nationwide holdings, in an effort to upgrade its remaining properties and boost income.
The properties are expected to be sold in the next 24 to 36 month. Those properties are considered to be “under-performing”.
CBL owns manages 150 properties in 30 states.
NewsChannel 7 has a call into CBL to hopefully verify whether Wausau Center Mall is on the list to be sold.
Click here to read the full article from the Times Free Press newspaper.
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