Triangle Town Center

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 mall is managed by Spinoso Real Estate Group.

Triangle Town Center
LocationRaleigh, North Carolina, USA
Opening dateAugust 2002
ManagementSpinoso Real Estate Group
No. of stores and services130[1]
No. of anchor tenants5
Total retail floor area1,272,263 sq ft (118,197.1 m2)[2]
No. of floors2
Websitetriangletowncenter.com
The Commons
East Entrance

History

Triangle Town Center opened in August 2002 with anchors Hudson Belk, Sears, Dillard's, and Hecht's (now Macy's). 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 closed for several months to renovate their stores, including H&M, Kay's Jewlerers, and Zales Jewlerers.[3]

Data
  • Opened: August 2002
  • GLA: 1,272,263 sq. ft.
  • Total Capacity: 165+
  • Total Acreage: 110± AC
  • Total Parking: 5,660
  • Trade Area Population: 1,376,178 (2010 est.)

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)
  • Sears 144,846 sq ft (13,456.6 m2)[4]

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.[5] The first bids for the mall were made on July 11, 2019.[6]. It was purchased by LNR Partners [7]

References
  1. "All Stores". Triangle Town Center.
  2. "Fact Sheet".
  3. "Triangle Town Center to Close Early Because of Water Main Break".
  4. "Triangle Town Center Directory Map". Retrieved 2 October 2012.
  5. By. "Triangle Town Center heading for foreclosure after owners default on $171 million loan". heraldsun. Retrieved 2019-07-02.
  6. By. "Triangle Town Center up for auction". cbs17. Retrieved 2019-07-23.
  7. "LNR Partners buys Raleigh, NC, shopping mall for $120.4M". Retrieved 2019-10-21.

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