The shopping centers are the 386,204 sf Willowbrook Plaza in Houston, TX; the 77,893 sf Pemberton Plaza in Vicksburg, MS; and the 290,717 sf Massard Crossing in Fort Smith, AK.
The venture is owned 10% by CBL as a limited partner and 90% by PPG. CBL will retain ownership of the land beneath each project and will continue to manage and lease the properties. After PPG's preferred return CBL will receive a return on its equity.
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