CBL & Associates Properties Sells Renaissance Center in Durham for $129.2 Million

by Katie Sloan

Durham, N.C. — CBL & Associates Properties Inc., and its 50/50 joint venture partner, has agreed to sell Renaissance Center, a 363,000-square-foot community shopping center located in Durham, for $129.2 million.

The transaction is scheduled to close during the first quarter of 2016, subject to the assumption of a $16 million loan secured by the property’s second phase. Tenants at the center include REI, Best Buy, Chili’s, David’s Bridal, Old Navy, Nordstrom Rack, Moe’s Southwest Grill, Ruth’s Chris Steak House, Starbucks Coffee and The Melting Pot. 

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