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Lincoln, Neb. — CBL Properties has acquired Gateway Mall, an 843,000-square-foot shopping mall located at 6100 O St. in Lincoln. Washington Prime Group sold the property to the Chattanooga, Tennessee-based buyer for $43.5 million. Symetra Life Insurance Co. secured a five-year, $21 million non-recourse loan on behalf of the borrower to finance the acquisition of Gateway Mall. The loan carries a fixed interest rate of 6.46 percent.
Gateway Mall was more than 95 percent occupied at the time of sale and features a mix of tenants including Dillard’s, JCPenney, Dick’s Sporting Goods, Round 1, H&M, Ulta Beauty, Ross Dress for Less, Sierra, Tesla and Total Wine & More.