CBL Properties completed the acquisition of four regional shopping malls from Washington Prime for $178.9m.

CBL Properties, an American REIT investing in and owning shopping centers, completed the acquisition of four regional shopping malls from Washington Prime, an American REIT developing retail properties, for $178.9m. “We are thrilled to add these four dominant enclosed malls to the CBL portfolio. Each property fits perfectly within our existing portfolio. They enhance CBL’s operating metrics, augmenting sales and occupancy and offer both near- and long-term growth opportunities,” Stephen D. Lebovitz, CBL Properties CEO.