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CBL Properties Sells Stake In Fremaux Town Center In Slidell, Los Angeles, To Stirling For $30.77M

Benzinga·10/24/2025 15:15:27
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CBL Properties (NYSE:CBL) today announced that it had closed on the sale of its interest in Fremaux Town Center, a roughly 640,000-square-foot open-air center located in Slidell, LA, to its joint venture partner, Stirling. CBL received net cash proceeds of $30.77 million and eliminated $35.0 million of property-specific debt. The transaction represented an 8.2% cap rate.