Triangle Town Center

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Triangle Town Center
Logo of Triangle Towne Center Mall.png
LocationRaleigh, North Carolina, USA
Opening dateAugust 2002
DeveloperJacobs/CBL Properties[2]
OwnerKohan Retail Investment Group[1]
No. of stores and services120[3]
No. of anchor tenants5 (4 open, 1 vacant)
Total retail floor area1,272,263 sq ft (118,197.1 m2)[4]
No. of floors2
Websitetriangletowncenter.com
The Commons
East Entrance

Triangle Town Center is a shopping mall in Raleigh, North Carolina. It is located in North Raleigh off U.S. Highway 1 (Capital Boulevard) and Interstate 540. The current anchors at the mall are Belk, Dillard's, Macy's, and Saks Fifth Avenue. A fifth anchor, Sears closed in 2021.

History[]

Triangle Town Center opened in August 2002 with anchors Hudson Belk, Sears (closing in October 2021),[5] Dillard's, and Hecht's (now Macy's). Construction of the mall required re-routing of existing roads.[6] Saks Fifth Avenue, the state's first, opened later in 2004. The mall features a two-level Barnes & Noble, which serves as a junior anchor.

On October 10, 2018, a water main broke causing the mall to evacuate and close early. The mall reopened a week later, with some stores closing for several months for renovations, including H&M, Kay Jewelers, and Zales Jewelers.[7] On August 6, 2021, it was announced that Sears would be closing by October 10, 2021.[8] Kohan Retail Investment Group purchased the mall in November 2021 for $33.25 million.[1]

Anchors[]

Former Anchors[]

  • Sears 144,846 sq ft (13,456.6 m2) (Closed Sunday, October 10th, 2021)

Foreclosure[]

On July 2, 2019, CBL and Associates, the previous owner of Triangle Town Center, was "heading into foreclosure" after defaulting on the mall's $171 million loan.[10] The first bids for the mall were made on July 11, 2019.[11] It was purchased by LNR Partners [12]

References[]

  1. ^ a b Harshberger, Caleb (November 16, 2021). "Triangle Town Center sold again – but at fraction of previous price". Triangle Business Journal. Retrieved 22 November 2021.
  2. ^ "News".
  3. ^ "All Stores". Triangle Town Center.
  4. ^ "Fact Sheet".
  5. ^ "Temp Backroom Associate $11/HR up to 40hrs/Wk! Store Closing-Raleigh".
  6. ^ "Triangle Town Center to Open in 2002". 27 June 2000.
  7. ^ "Triangle Town Center to Close Early Because of Water Main Break".
  8. ^ "Temp Cashier $11/HR up to 40hrs/Wk! Store Closing-Raleigh".
  9. ^ "Triangle Town Center Directory Map". Retrieved 2 October 2012.
  10. ^ By. "Triangle Town Center heading for foreclosure after owners default on $171 million loan". heraldsun. Retrieved 2019-07-02.
  11. ^ By (11 July 2019). "Triangle Town Center up for auction". cbs17. Retrieved 2019-07-23.
  12. ^ "LNR Partners buys Raleigh, NC, shopping mall for $120.4M". Retrieved 2019-10-21.

External links[]

Coordinates: 35°51′59″N 78°34′46″W / 35.8663°N 78.5795°W / 35.8663; -78.5795

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