Triangle Town Center
Location | Raleigh, North Carolina, USA |
---|---|
Opening date | August 2002 |
Developer | Jacobs/CBL Properties[2] |
Owner | Kohan Retail Investment Group[1] |
No. of stores and services | 120[3] |
No. of anchor tenants | 5 (4 open, 1 vacant) |
Total retail floor area | 1,272,263 sq ft (118,197.1 m2)[4] |
No. of floors | 2 |
Website | triangletowncenter |
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[]
- Belk 180,230 sq ft (16,744 m2) Signed as Hudson Belk until 2010
- Dillard's 206,000 sq ft (19,100 m2)
- Macy's 179,930 sq ft (16,716 m2) formerly Hecht's until 2006
- Saks Fifth Avenue 83,066 sq ft (7,717.1 m2) [9]
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[]
- ^ 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.
- ^ "News".
- ^ "All Stores". Triangle Town Center.
- ^ "Fact Sheet".
- ^ "Temp Backroom Associate $11/HR up to 40hrs/Wk! Store Closing-Raleigh".
- ^ "Triangle Town Center to Open in 2002". 27 June 2000.
- ^ "Triangle Town Center to Close Early Because of Water Main Break".
- ^ "Temp Cashier $11/HR up to 40hrs/Wk! Store Closing-Raleigh".
- ^ "Triangle Town Center Directory Map". Retrieved 2 October 2012.
- ^ By. "Triangle Town Center heading for foreclosure after owners default on $171 million loan". heraldsun. Retrieved 2019-07-02.
- ^ By (11 July 2019). "Triangle Town Center up for auction". cbs17. Retrieved 2019-07-23.
- ^ "LNR Partners buys Raleigh, NC, shopping mall for $120.4M". Retrieved 2019-10-21.
External links[]
- Shopping malls in Raleigh, North Carolina
- Shopping malls established in 2002
- 2002 establishments in North Carolina
- Kohan Retail Investment Group