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Monday, 13 May 2019

CBL Sells Terre Haute, Ind., Shopping Mall for $14.6Mln

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The story was edited to reflect that the property was classified as Tier 3. It previously had been misidentified.

CBL & Associates Properties Inc. has sold its Honey Creek Mall in Terre Haute, Ind., for $14.6 million, allowing it to resolve the property's $24.4 million mortgage.

The property was sold to Out of the Box Ventures LLC, a unit of Miami developer Lionheart Capital, and offered through NKF Capital Markets.

CBL, a Chattanooga, Tenn., REIT, had put the property on the sales block as the July maturity date on its mortgage approached. The company initially sought to modify terms of the loan, but was unable to come to an agreement with its lender, which also held a $43.7 million loan against CBL's Volusia Mall, a 1.1 million-square-foot shopping center in Daytona Beach, Fla.

That loan was cross-collateralized and cross-defaulted with the Honey Creek loan. But CBL was able to line up a new, $50 million mortgage against the Volusia property, from the same lender. It used those...


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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Terre Haute
  • States: Idaho
  • Sector: Retail
  • Subject: Property Acquisitions (ACQ)
  • Company: CBL & Associates Properties
  • Valuation: Between $10 million and $25 million
  • Private: Yes
Read 240 times Last modified on Wednesday, 15 May 2019

Data Digest







Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44




cppichart FP



CMBS 2.0 Spreads


Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41





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