CBL & Associates, a Chattanooga, TN-based REIT, purchased Layton Hills Mall in Layton, UT for $121.4 million, or about $180.50 per square foot, from Gregory Greenfield & Associates. CBL funded the transaction through its lines of credit. The cap rate based on income in place is 6.7%.
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1201 Hill Field Rd, Layton, UT