12:16 PM EDT, 10/24/2025 (MT Newswires) -- CBL Properties (CBL) said Friday it sold its interest in Fremaux Town Center in Slidell, Louisiana, to joint venture partner Stirling.

The 640,000-square-foot open-air property was sold at an 8.2% cap rate, generating about $30.8 million in net proceeds, the company said.

CBL also eliminated $35 million of property-specific debt through the deal, it added.

The company said the move simplifies its ownership structure and frees up capital for future acquisitions and stock buybacks.

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