CBL Properties has added a Midwestern property to its portfolio.
The firm has acquired Gateway Mall in Lincoln, Neb., for a purchase price of $43.5 million from Washington Prime Group (WPG). The enclosed mall serves a trade area of more than 1.3 million residents, and spans approximately 843,000 square feet.
Sitting at 95% occupancy, Gateway Mall is anchored by a diverse lineup of national retailers, including Dillard’s, JCPenney, Dick’s Sporting Goods, Round 1, H&M, Ulta, Ross Dress for Less, Sierra, Tesla and Total Wine & More, as well as more than 215,000 square feet of shops and restaurants. The mall first opened its doors in 1960…