Real Capital Solutions and Lamar Companies acquired Alamance Crossing, a 456,742-square-foot regional open-air lifestyle center in Burlington, NC. Alamance Crossing has faced financial troubles in the past few years. The Triad Business Journal reported in 2023 that the Alamance County Superior Court appointed Spinoso Real Estate Group to take over management from CBL Properties after it defaulted on a $50.8 million bank loan in 2021. In July of 2024, the Alamance Superior Court ordered that the property be listed for sale.
The property is anchored by  Hobby Lobby, Carousel Cinemas, Barnes & Noble, and Belk, with shadow anchors including Dillard’s, BJ’s, Dick’s, Kohl’s, and JCPenney.Â
Alamance Crossing features a mix of existing retail categories: casual and sit-down dining, fitness, beauty, jewelry, apparel, and service-based, including Buffalo Wild Wings, Tropical Smoothie Cafe, Anytime Fitness, Bath & Body Works, Kay Jewelers, and DentalWorks. The property can accommodate a variety of prospective users, and ownership is eager to reinvigorate the asset with aggressive capital-enhancement and leasing initiatives.
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