The Lakes Mall in Muskegon sold

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The Lakes Mall

MUSKEGON, Mich. – The Lakes Mall in Muskegon has a new owner.

CBL & Associates announced that they have sold The Lakes Mall and Fashion Square Mall in Saginaw to a private buyer for $66.5 million.

The company says they have been transforming their portfolio of properties since April 2014 and have now completed transactions on “11 lower-productivity regional malls.”

Operations at the mall are not expected to change.

The mall opened in 2001.  CBL & Associates is located in Chattanooga, Tennessee.

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