GREENSBORO, N.C. — CBL Properties, owner of Friendly Center and Hanes Mall plans to file for chapter 11 bankruptcy protection.
The company said a filing could come no later than Oct. 1. It said it’s part of a restructuring support agreement (RSA).CBL Propertiessaid, “day-to-day operations will continue as normal” at its third-party managed shopping centers.
“CBL’s customers, tenants and partners can expect business as usual at all of CBL’s owned and managed properties,” the company said.