CBL & Associates Sells Eastgate Crossing in Cincinnati for $22.8 Million

by Scott Reid

Cincinnati — CBL & Associates has completed the disposition of Eastgate Crossing, a retail center located in Cincinnati.

A joint venture of Inland Real Estate Corp. purchased the 174,700-square-foot property for $22.8 million, including $1.7 million of future earn-out payments and the assumption of a $14.6 million loan secured by the property. The property is 97 percent leased to a mix of national and regional tenants, including Kroger, Marshalls, Ashley Furniture, Jo-Ann Fabrics and Dollar Tree. Margaret Caldwell of Jones Lang LaSalle represented CBL in the transaction.

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