Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Burnsville Center will go into foreclosure after closures, other effects of pandemic


August 14, 2020


A 2006 remodel of the food court at Burnsville Center included an addition of a fireplace and some new decor.

The Tennessee real estate investment trust that owns Burnsville Center said it would cooperate with foreclosure proceedings for the suburban mall and three of its other shopping centers.

CBL Properties said in public financial filings earlier this year that Burnsville Center had experienced a decline in income due to store closures and rent reductions.

According to second-quarter results released last week, CBL Properties' overall same-center net operating income declined 32% for the three months ended June 30.


Reader Comments


Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2020

Rendered 09/22/2020 03:50