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In a deal that has been in the works for months, a group of 23 properties that includes East Towne and West Towne malls and West Towne Crossing in Madison has been sold by Richard E. Jacobs Group of Cleveland to CBL & Associates Properties Inc. of Chattanooga, Tenn., for about $1.2 billion, CBL reported.
West Towne Crossing is the line of stores behind West Towne Mall that includes Barnes & Noble, Best Buy, Cub Foods, ShopKo and Office Max.
The deal also includes Brookfield Square Mall in suburban...