CBL Properties sells Hammock Landing open-air center in Florida for $78.5 million

CBL & Associates Properties, Inc.

CBL & Associates Properties, Inc.

CBL

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  • CBL Properties closed the sale of Hammock Landing, a 397,000-square-foot open-air retail center in West Melbourne, Florida, for USD 78.5 million.
  • Price included assumption of a USD 43.8 million loan; transaction generated about USD 26 million of cash proceeds to CBL.
  • Deal priced at an 8% cap rate; proceeds earmarked for capital recycling into higher-yielding opportunities.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CBL & Associates Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260527186196) on May 27, 2026, and is solely responsible for the information contained therein.

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