CBL Properties acquires Ocala’s Paddock Mall in major retail real estate deal

The longtime shopping center, last appraised at over $40 million, includes more than 90 stores and restaurants.

By Kathy Dugan July 30, 2025 8:39 am

Front entrance of Paddock Mall in Ocala, Florida — ContributedPaddock Mall/FacebookThe exterior of Paddock Mall in Ocala, FL, is shown in this undated photo. CBL Properties recently purchased the shopping center from Washington Prime Group.

OCALA, FL (352today.com) – CBL Properties has purchased the Paddock Mall in Ocala from Washington Prime Group for an undisclosed amount, according to a company release issued from Ohio.

The property was last appraised at just over $40 million.

Opened in 1980, the Paddock Mall spans approximately 550,000 square feet and is home to more than 90 stores and restaurants. The mall is anchored by JCPenney, Macy’s and Belk. A fourth anchor space, previously occupied by Sears, is currently being redeveloped into the Paddock Market.

As one of the region’s key retail centers, the Paddock Mall serves as a central shopping and dining destination for Ocala and surrounding communities. CBL Properties has not yet announced any future plans for the site.

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