CBL Properties Acquires Gateway Mall In Lincoln Nebraska From Washington Prime Group For $43.5M

The property involved in the transaction is Gateway Mall, located at 6100 O Street in Lincoln, NE. This retail asset has a total square footage of 843,000 and is currently 95% leased. The sale price for the property was $43,500,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $43,500,000
• Buyer: CBL Properties
• Seller: Washington Prime Group
• Market: Lincoln, NE

CBL Properties has successfully acquired the property from Washington Prime Group, with the transaction emphasizing the strength of the asset’s leasing activity and the presence of major national retailers as anchors.