(Ian Ritter is national online editor for GlobeSt.com/RETAIL.)

CHATTANOOGA, TN-Mall owner CBL & Associates has joined upwith private-equity firm Bain Capital to purchase a stake inJinsheng Group, a China-based retail developer, for $60 million.This is CBL's first non-US venture.

CBL will contribute $15 million to the investment, whileBoston-based Bain will spend the remainder. "We believe thisinvestment positions CBL to take advantage of the incredibleexpansion and development opportunities currently underway inChinese retail real estate, albeit on a measured and conservativebasis," says Stephen Lebovitz, CBL's president, in a statement.

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