Subscribe Register Login

Tuesday, September 02, 2014, 9:50 p.m.
Top Picks - Mobile App

Jonesboro's Turtle Creek mall sells for $96 million

By The Associated Press

This article was published January 3, 2013 at 9:34 a.m.

— A New York-based real estate investment firm is buying the Mall at Turtle Creek in Jonesboro for $96 million.

Rouse Properties Inc. closed Wednesday on the purchase from a private partnership led by David Hocker. The purchase also includes an adjacent shopping center, Turtle Creek Crossing.

Arkansas Business reported that Rouse owns 31 malls across the country. Rouse President and Chief Executive Officer Andrew Silberfein says the mall fits the publicly-traded company's strategy of acquiring malls that are dominant in their markets.

Under the pact, Rouse will take over the mall's $79.5 million mortgage.

The mall was built in 2006 and is anchored by Dillard's, J.C. Penney and Target stores.

Comments on: Jonesboro's Turtle Creek mall sells for $96 million

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Construction workers

    construction workersrobinson Construction Company is accepti...
    LITTLE ROCK, AR

  • Managers

    ShotGun Dan’s isnow accepting applications for management. B...
    LITTLE ROCK, AR

  • Pc technician

    Kerusso Looking for a position that brings extended meaning ...
    BERRYVILLE, AR

  • Instructors

    The University of Arkansas at Little Rock (UALR), located in...
    LITTLE ROCK, AR

  • Maintenance mechanics

    earn egg-cellent pay Along with an excellent compensation pa...
    SILOAM SPRINGS, AR

Search 912 jobs >

Top Picks - Mobile App
Arkansas Online