CBL & Associates Properties Closes Sale of Layton Properties for $28.5 Million

MT Newswires Live

2024/09/12

CBL & Associates Properties (CBL) said late Wednesday that it closed the sale of Layton Hills Convenience Center, Layton Hills Plaza, and nine related outparcels in Layton, Utah, for $28.5 million in cash.

The buyer was not disclosed.

The properties served as collateral to two of CBL loans. The sale proceeds were used to paydown portions of those loans.

After closing, the term loan balance was reduced to $730.8 million and the open-air and outparcel loan balance was reduced to $340.1 million.

Price: 25.62, Change: -0.01, Percent Change: -0.04

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