
CBL Properties Announces Acquisition of Gateway Mall in Lincoln, NE and Sale of Open-Air Center
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced two significant transactions that advance the company's strategic focus on accretively growing its mall portfolio and increasing cash flow through capital recycling. CBL has completed the acquisition of Gateway Mall, a market-dominant enclosed shopping center located in Lincoln, Nebraska, for a purchase price of $43.5 million from Washington Prime Group (WPG). The acquisition of Gateway Mall was financed through a $2.


















