CBL Properties sells Florida shopping center for $78.5 million
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CBL Properties Closes $78.5 Million Sale of Hammock Landing in West Melbourne, FL
May 27, 2026 9:35 AM EDTCHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE: CBL) announced today that, along with its joint venture partner, it has closed on the sale of Hammock Landing, a 397,000 square-foot open-air center in West Melbourne, FL, for $78.5 million, including the assumption of the $43.8 million loan. The sales of Hammock Landing, along with the first quarter sale of related infrastructure bonds, generate approximately $26 million of cash proceeds to CBL.
The sale of Hammock Landing at an 8% cap rate further validates the value within CBLs open-air... More
