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
DeveloperJacobs/CBL Properties[1]
ManagementSpinoso Real Estate Group
No. of stores and services120[2]
No. of anchor tenants5
Total retail floor area1,272,263 sq ft (118,197.1 m2)[3]
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). Construction of the mall required re-routing of existing roads.[4] 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's Jewelers, and Zales Jewelers.[5]

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)[6]

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.[7] The first bids for the mall were made on July 11, 2019.[8] It was purchased by LNR Partners [9]

References
  1. https://www.businesswire.com/news/home/20051025005297/en/The-Jacobs-Group-and-CBL-Announce-Joint-Venture-of-Triangle-Town-Center-in-Raleigh-NC
  2. "All Stores". Triangle Town Center.
  3. "Fact Sheet".
  4. https://www.wral.com/news/local/story/150553/
  5. "Triangle Town Center to Close Early Because of Water Main Break".
  6. "Triangle Town Center Directory Map". Retrieved 2 October 2012.
  7. By. "Triangle Town Center heading for foreclosure after owners default on $171 million loan". heraldsun. Retrieved 2019-07-02.
  8. By. "Triangle Town Center up for auction". cbs17. Retrieved 2019-07-23.
  9. "LNR Partners buys Raleigh, NC, shopping mall for $120.4M". Retrieved 2019-10-21.

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