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 current anchors at the mall are Belk, Dillard's, Macy's, and Saks Fifth Avenue. Previously the mall housed a Sears store which closed in 2021 and sits vacant as of March 2023.

Triangle Town Center
LocationRaleigh, North Carolina, USA
Opening dateAugust 14, 2002[1]
DeveloperJacobs/CBL Properties[2]
OwnerKohan Retail Investment Group[3]
No. of stores and services120[4]
No. of anchor tenants5 (4 open, 1 vacant)
Total retail floor area1,272,263 sq ft (118,197.1 m2)[5]
No. of floors2
Websitetriangletowncenter.com
The Commons
East Entrance

History

Triangle Town Center opened on August 14, 2002[6] with anchors Hudson Belk, Sears (closed October 2021)[7] Dillard's, and Hecht's (now Macy's). Construction of the mall required re-routing of existing roads.[8] 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.[9] On August 6, 2021, it was announced that Sears would be closing by October 10, 2021.[7] 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] Kohan Retail Investment Group purchased the mall in November 2021 for $33.25 million.[3]

Anchors

Former anchors

References
  1. WRAL (2002-08-14). "Shoppers Pleased With Variety Of Stores At Triangle Town Center :". WRAL.com. Retrieved 2022-08-19.
  2. "News".
  3. Harshberger, Caleb (November 16, 2021). "Triangle Town Center sold again – but at fraction of previous price". Triangle Business Journal. Retrieved 22 November 2021.
  4. "All Stores". Triangle Town Center.
  5. "Fact Sheet".
  6. WRAL (2002-08-14). "Shoppers Pleased With Variety Of Stores At Triangle Town Center :". WRAL.com. Retrieved 2022-08-19.
  7. "Sears at Triangle Town Center closing in October; Markdowns have begun". WRAL.com. 2 September 2021. Retrieved 5 April 2023.
  8. "Triangle Town Center to Open in 2002". 27 June 2000.
  9. "Triangle Town Center to Close Early Because of Water Main Break".
  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.
  13. "N.C. Hecht's stores to become Macy's". Charlotte Business Journal. 29 July 2005. Retrieved 5 April 2023.
  14. "Triangle Town Center directory". Retrieved 5 April 2023.

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