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Franklin, TN – CBL & Associates Properties Inc. (NYSE: CBL) has purchased the Sears store in the CoolSprings Galleria with plans for eventual redevelopment of the store.

Although the Sears location will likely continue to operate through the end of 2013, company officials said they are making plans to convert that anchor space into several smaller retail spots, including potential restaurants.

The sales price was not immediately available for CBL’s purchase.

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