Jefferson Mall faces foreclosure, current owners plan to give up property

LOUISVILLE, Ky. — The owners of Jefferson Mall are preparing to part ways with the Okolona property.

According to new documents filed with the Securities and Exchange Commission on Feb. 13, CBL Properties has an outstanding $48.9 million loan on the property.

The loan matures in June, but the lender notified the company earlier this year that it was already in default…

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