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CBL Properties

Park Plaza Mall in Little Rock 
Real Estate / Retail

Park Plaza Mall Has New Owner In WaitingLock Icon

The buyer's credo: Repurposing challenged real estate into revitalized community hubs. read more >
Park Plaza, at Markham Street and University Avenue in Little Rock, is caught up in the brick-and-mortar sales decline that was evident before the COVID-19 pandemic but has been worsened by it. Park Plaza, like a growing number of malls today, appears to be headed for foreclosure.
Legal / Real Estate / Retail

Deutsche Bank Gains Control of Park Plaza Property at Auction

Deutsche Bank Trust Co. Americas gains control of the Park Plaza mall property in Little Rock after an auction Thursday at the Pulaski County Courthouse. read more >
Park Plaza underwent a massive renovation in 1987, transforming from an outdoor shopping center (complete with goldfish pond) to the glass-enclosed indoor shopping center it is today.
Business Services / Construction / Insurance

Park Plaza Mall’s Future A Hot Topic (Lance Turner Editor’s Note)

It took a little more than 60 years for Arkansas’ premier shopping center to go from top shelf to the discount bin. read more >
Park Plaza, at Markham Street and University Avenue in Little Rock, is caught up in the brick-and-mortar sales decline that was evident before the COVID-19 pandemic but has been worsened by it. Park Plaza, like a growing number of malls today, appears to be headed for foreclosure.
Legal / Retail

Lenders Foreclose on Little Rock’s Park Plaza Mall

Lenders file a foreclosure lawsuit against Park Plaza Mall of Little Rock, asking the court to appoint a receiver after mall owners missed their payment on a loan with a $74.5 million balance. read more >
Park Plaza, at Markham Street and University Avenue in Little Rock, is caught up in the brick-and-mortar sales decline that was evident before the COVID-19 pandemic but has been worsened by it. Park Plaza, like a growing number of malls today, appears to be headed for foreclosure.
Banking & Finance / Restaurants & Food / Retail

Park Plaza Owner Files Chapter 11 Bankruptcy

Park Plaza Mall owner CBL & Associates Properties Inc. of Chattanooga, Tennessee, files Chapter 11 bankruptcy, seeking to restructure its debt and survive amid rising e-commerce and declining in-store traffic. read more >
Park Plaza has a dozen storefront vacancies and recently lost Zoes Kitchen, a pandemic casualty. Still, the mall was far from empty on a recent Sunday, with consumers basking in sun through the mall’s signature skylights.
Business Services / Government & Politics / Investments

Can Malls Shake Off the Cobwebs?Lock Icon

A Jonesboro real estate broker is among those who sees a potential for malls transforming after the pandemic, with a silver lining possibly being local stores taking over chain space. read more >
Park Plaza, at Markham Street and University Avenue in Little Rock, is caught up in the brick-and-mortar sales decline that was evident before the COVID-19 pandemic but has been worsened by it. Park Plaza, like a growing number of malls today, appears to be headed for foreclosure.
Banking & Finance / Business Services / Government & Politics

Park Plaza at Risk in Mall Foreclosure EraLock Icon

Even before the coronavirus upended the world, malls were struggling to attract customers. Now the situation is worse. read more >