CBL buys Cool Springs Sears, plans 'redevelopment'

Mall operator CBL & Associates has acquired the space currently occupied by Sears at the 1.1 million-square-foot CoolSprings Galleria as well as at its mall in Lexington, Ky.

Chattanooga-based CBL plans to redevelop the anchor space, but Sears will continue to operate there in the near term as the company finalizes its plans.