CHATTANOOGA, Tenn. -- CBL & Associates Properties Inc., a real estate investment trust, said it has completed a $75 million credit facility led by Wells Fargo Real Estate Group. Also in the group are First Bank System and NationsBank. CBL closed a $15 million credit facility with First Tennessee Bank earlier this year.
The credit lines will support development of regional malls and community centers and finance acquisitions, said Charles B. Lebovitz, chairman, president, and chief executive officer.