Chattanooga, Tennessee-based CBL Properties has acquired the Paddock Mall in Ocala and three other indoor malls in a deal valued at $178.9 million, according to a CBL news release issued on July 29.
The Paddock Mall, 3100 SW College Road (State Road 200,) and the three other malls were sold by Washington Prime Group, which announced in April that it was selling those malls and dozens of other properties that were part of its retail portfolio.
“This acquisition reinforces CBL’s position as the preeminent owner and manager of successful enclosed malls in dynamic and growing middle markets,” CBL said in its news release. The three other malls are Ashland Town Center in Ashland, Kentucky; Mesa Mall in Grand Junction, Colorado; and Southgate Mall in Missoula, Montana…