{"id":967565,"date":"2026-05-27T09:38:06","date_gmt":"2026-05-27T13:38:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-closes-78-5-million-sale-of-hammock-landing-in-west-melbourne-fl\/"},"modified":"2026-05-27T09:38:06","modified_gmt":"2026-05-27T13:38:06","slug":"cbl-properties-closes-78-5-million-sale-of-hammock-landing-in-west-melbourne-fl","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-closes-78-5-million-sale-of-hammock-landing-in-west-melbourne-fl\/","title":{"rendered":"CBL Properties Closes $78.5 Million Sale of Hammock Landing in West Melbourne, FL"},"content":{"rendered":"

<\/p>\n

CBL Properties Closes $78.5 Million Sale of Hammock Landing in West Melbourne, FL<\/b><\/p>\n

CHATTANOOGA, Tenn.–(BUSINESS WIRE<\/a>)–
\nCBL 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.<\/p>\n

\n\u201cThe sale of Hammock Landing at an 8% cap rate further validates the value within CBL\u2019s open-air portfolio,\u201d commented Stephen D. Lebovitz, CBL\u2019s Chief Executive Officer. \u201cThe transaction provides an attractive source of equity and advances our capital recycling strategy as we redeploy proceeds into higher-yielding opportunities. Notably, the proceeds from Hammock Landing effectively matched the equity required to acquire Gateway Mall earlier this year.\u201d<\/p>\n

About CBL Properties<\/b><\/p>\n

\nHeadquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL\u2019s owned and managed portfolio is comprised of 87 properties totaling 55.1 million square feet across 23 states, including 55 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 20 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information visit cblproperties.com<\/a>.<\/p>\n

Information included herein contains \u201cforward-looking statements\u201d within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company\u2019s various filings with the Securities and Exchange Commission, including without limitation the Company\u2019s Annual Report on Form 10-K and the \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations\u201d included therein, for a discussion of such risks and uncertainties.<\/i><\/p>\n

\nCBL_Corp<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260527186196\/en\/<\/a><\/span><\/p>\n

\nInvestor Contact: Katie Reinsmidt, Executive Vice President & Chief Operating Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Florida Tennessee<\/p>\n

INDUSTRY KEYWORDS:<\/b> Commercial Building & Real Estate Construction & Property Department Stores Finance Other Retail REIT Professional Services Restaurant\/Bar Retail<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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CBL Properties Closes $78.5 Million Sale of Hammock Landing in West Melbourne, FL CHATTANOOGA, 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. \u201cThe sale of Hammock Landing at an 8% cap rate further validates the value within CBL\u2019s open-air portfolio,\u201d commented Stephen D. Lebovitz, CBL\u2019s Chief Executive Officer. \u201cThe transaction provides an attractive source of equity and advances our capital recycling … <\/p>\n

Continue reading “CBL Properties Closes $78.5 Million Sale of Hammock Landing in West Melbourne, FL”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-967565","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCBL Properties Closes $78.5 Million Sale of Hammock Landing in West Melbourne, FL - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-closes-78-5-million-sale-of-hammock-landing-in-west-melbourne-fl\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBL Properties Closes $78.5 Million Sale of Hammock Landing in West Melbourne, FL - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CBL Properties Closes $78.5 Million Sale of Hammock Landing in West Melbourne, FL CHATTANOOGA, 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. \u201cThe sale of Hammock Landing at an 8% cap rate further validates the value within CBL\u2019s open-air portfolio,\u201d commented Stephen D. 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