Search
 

672,000-SF Mall Trades for $121M

SALT LAKE CITY-CBL & Associates acquires the two-level Layton Hills Mall here from an Atlanta-based retail real estate advisory and development firm. The capitalization rate based on in-place income is 6.7%.

By Brian K. Miller | Updated on November 08, 2005

(For more retail coverage, click GlobeSt.com/RETAIL.)

SALT LAKE CITY-CBL & Associates Properties Inc. has acquired the Layton Hills Mall here for $121.4 million. The publicly held mall REIT from Chattanooga, TN, acquired the two-level 672,000-sf regional mall from Gregory Greenfield & Associates, Ltd., an Atlanta-based retail real estate advisory and development firm.

The property is located along Interstate 15 and Hill Field Road in the Salt Lake City suburb of Layton. It was built in 1980 and has been renovated several times, with its last renovation in 1998.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.