Subscribe Register Login

Friday, April 25, 2014, 4:33 a.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

  • Water operator

    licensed water operatorthe City of Eudora is advertising for...
    EUDORA, AR

  • Tissueprocurementcoo

    tissue procurement coordinator central arkansasthe Arkansas ...
    LITTLE ROCK, AR

  • Housekeeper ft

    housekeeper full timeapply in person at: Elmcroft of Maumell...
    MAUMELLE, AR

  • Carriers

    wanted earning from $800 to $1,100 per month for a few hour...
    Benton, AR

  • Ophthalmology techni

    cian Clinic in Little Rock seeks experienced cian/Contact Le...
    LITTLE ROCK, AR

Search 786 jobs >

Top Picks - Mobile App
Arkansas Online