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CBL Finalized Sale of Three-Mall Portfolio for $517M

Investors Sold 3.1 Million SF of Retail Space in KS and IL
By
December 2, 2005 | 2:28 P.M.

CBL & Associates Properties Inc. closed on the previously announced sale of three malls from Oak Park Investment LP, an investment group advised by Eastdil Realty. The sale included Oak Park Mall in Overland Park, KS, Eastland Mall in Bloomington, IL and the Hickory Point Mall in Forsyth, IL for $516.9 million, or about $167 per square foot.

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