CBL Properties Sells Janesville Mall in Wisconsin for $18 Million

Janesville, Wis. — CBL Properties has sold Janesville Mall in Janesville to RockStep Capital for $18 million.

The 600,000-square-foot mall is anchored by Boston Store — which will close in August — Dick’s Sporting Goods, Kohl’s and Sears. Additional tenants include Bath & Body Works, American Eagle Outfitters, Claire’s, Finish Line, GameStop, Ulta Beauty, Victoria’s Secret and Yankee Candle. CBL will use proceeds from the sale to supplement free cash flow, fund redevelopment programs and other capital improvements and reduce debt.