What CBL Properties reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Refer to Management’s Discussion and Analysis of Financial Condition and Results of Operations included in Item 7 for additional information pertaining to our properties’ performance.
The rest of Item 2
We owned a controlling interest in 43 malls and a non-controlling interest in 4 malls as of December 31, 2025. Our malls generally have strong competitive positions because they are the only, or the dominant, regional property in their respective trade areas. The malls consist of enclosed large regional shopping centers, generally anchored by two or more anchors or junior anchors, a wide variety of in-line stores and brand name discount or off-price stores. Anchor and junior anchor tenants own or lease their stores and non-anchor stores lease their locations.
We own the land underlying each property in fee simple interest, except for Brookfield Square, Dakota Square Mall, Meridian Mall, St. Clair Square and Stroud Mall. We lease all or a portion of the land at each of these properties subject to long-term ground leases.
The following table sets forth certain information for each of the malls as of December 31, 2025 (dollars in thousands, except for sales per square foot amounts):
Property / Location · Year ofOpening/Acquisition · Year ofMostRecentExpansion · OurOwnership · Total CenterSquare Feet (1) · TotalIn-Line GLA (2) · In-LineSales perSquareFoot (3) · PercentageIn-Line GLALeased (4) · Anchors & JuniorAnchors (5)
Arbor Place Atlanta (Douglasville), GA · 1999 · N/A · 100% · 1,164,324 · 327,087 · 351 · 90 · Belk, former Conn's Home Plus (6), Dillard's, H&M, JC Penney, Macy's, Planet Fitness, Q, Regal Cinemas, former Sears (6)
Ashland Town Center Ashland, KY · 2025 · N/A · 100% · 342,194 · 182,248 · 440 · 89 · Belk, Belk Men & Home, Cinemark, JC Penny, T.J. Maxx
CherryVale Mall Rockford, IL · 1973/2001 · 2007 · 100% · 870,541 · 348,125 · 301 · 84 · Barnes & Noble, Home Trends, JC Penney, Macy's, Tilt Studio
Coastal Grand Mall (7) Myrtle Beach, SC · 2004 · 2007 · 50% · 1,117,260 · 341,664 · 428 · 100 · Belk, Cinemark, Crunch Fitness, Dick's Sporting Goods, Dillard's, H&M, JC Penney, former Sears, Stars & Strikes
CoolSprings Galleria Nashville, TN · 1991 · 2015 · 100% · 1,171,181 · 435,589 · 677 · 89 · Belk, Dillard's, H&M, JC Penney, King's Dining & Entertainment, Macy's, Primark
Cross Creek Mall Fayetteville, NC · 1975/2003 · 2013 · 100% · 917,543 · 292,786 · 473 · 96 · Belk, H&M, JC Penney, Macy's, Main Event, Rooms to Go
Dakota Square Mall Minot, ND · 1980/2012 · 2016 · 100% · 740,844 · 222,552 · 312 · 81 · AMC Theatres, Barnes & Noble, JC Penney, Scheels, Sleep Inn & Suites, Target, Tilt Studio
East Towne Mall Madison, WI · 1971/2001 · 2004 · 100% · 801,292 · 212,003 · 317 · 87 · Barnes & Noble, former Boston Store (6), Dick's Sporting Goods, Flix Brewhouse, H&M, JC Penney, former Sears, Thrill Factory
Eastland Mall Bloomington, IL · 1967/2005 · N/A · 100% · 732,649 · 247,507 · 336 · 48 · Former Bergner's, Kohl's, former Macy's, Planet Fitness, former Sears
Fayette Mall Lexington, KY · 1971/2001 · 2014 · 100% · 1,161,394 · 463,117 · 511 · 95 · Dick's Sporting Goods, Dillard's, H&M, JC Penney, Macy's
Frontier Mall Cheyenne, WY · 1981 · 1997 · 100% · 524,711 · 204,591 · 339 · 90 · Former AMC Theatres, Appliance Factory Mattress Kingdom, Dillard's, Bomgaars (6), JC Penney (6)
Governor's Square (7)(8) Clarksville, TN · 1986 · 1999 · 47.5% · 684,519 · 237,754 · 409 · 94 · Belk, Best Buy, Dick's Sporting Goods, Dillard's, JC Penney, Phoenix Theatres, Ross Dress for Less, partial former Sears
Hamilton Place Chattanooga, TN · 1987 · 2016 · 90% · 1,138,622 · 349,750 · 490 · 94 · Barnes & Noble, Belk for Men, Kids & Home, Belk for Women, Crunch Fitness, Dave & Buster's, Dick's Sporting Goods, Dillard's for Men, Kids & Home, Dillard's for Women, H&M, JC Penney
Hanes Mall Winston-Salem, NC · 1975/2001 · 1990 · 100% · 1,435,142 · 468,440 · 408 · 88 · Belk, Dave & Buster's, Dillard's, Encore, H&M, JC Penney, future Novant Health (6)(9), Truliant Federal Credit Union (6)
Jefferson Mall Louisville, KY · 1978/2001 · 1999 · 100% · 723,705 · 225,199 · 338 · 86 · BJ's Wholesale Club, Dillard's, H&M, JC Penney, Ross Dress for Less, Tilted 10
Kentucky Oaks Mall (7)(8) Paducah, KY · 1982/2001 · 1995 · 50% · 774,760 · 286,501 · 295 · 80 · Best Buy, Burlington (6), Dick's Sporting Goods, former Dillard's, former Dillard's Home Store, HomeGoods, JC Penney, Ross Dress for Less (6), Vertical Jump Park
Kirkwood Mall Bismarck, ND · 1970/2012 · 2017 · 100% · 835,159 · 231,295 · 364 · 96 · H&M, I. Keating Furniture, JC Penney, Scheels, Target, Tilt
Mall del Norte Laredo, TX · 1977/2004 · 1993 · 100% · 1,219,711 · 408,718 · 425 · 90 · Former Beall's, Cinemark, Dillard's, Foot Locker, H&M, JC Penney, Macy's, Macy's Home Store, Main Event, Mega Furniture, partial former Sears, TruFit Athletic Club
Meridian Mall (10) Lansing, MI · 1969/1998 · 2001 · 100% · 947,815 · 281,394 · 285 · 77 · Ashley HomeStore, former Bed Bath & Beyond, Dick's Sporting Goods, H&M, High Caliber Karting, JC Penney, Launch Trampoline Park, Macy's, Planet Fitness, Schuler Books & Music
Property / Location · Year ofOpening/Acquisition · Year ofMostRecentExpansion · OurOwnership · Total CenterSquare Feet (1) · TotalIn-Line GLA (2) · In-LineSales perSquareFoot (3) · PercentageIn-Line GLALeased (4) · Anchors & JuniorAnchors (5)
Mesa Mall Grand Junction, CO · 2025 · N/A · 100% · 336,239 · 247,920 · 386 · 92 · Cabela's, Dick's Sporting Goods, Dillard's, Homegoods, Encore, JC Penney, Target
Mid Rivers Mall St. Peters, MO · 1987/2007 · 2015 · 100% · 1,035,843 · 286,726 · 305 · 94 · Dick's Sporting Goods, Dillard's, H&M, JC Penney, Macy's, Marcus Theatres, former Sears, V-Stock
Northgate Mall Chattanooga, TN · 1972/2011 · 2014 · 100% · 643,021 · 177,741 · 357 · 74 · Belk, future BJ's Wholesale Club (6)(11), former Burlington, future Sound Force (6)