Real Capital Solutions Inc
04/22/2025 | Press release | Archived content
Lamar, Real Capital Solutions Acquire 456,742 SF Open-Air Retail Center in Burlington, North Carolina
Lamar, Real Capital Solutions Acquire 456,742 SF Open-Air Retail
Center in Burlington, North Carolina
RE Business Online
April 22, 2025
By RE Business Online Staff
BURLINGTON, N.C. - Lamar Cos., in partnership with Real Capital Solutions, has acquired
Alamance Crossing, a 456,742-square-foot open-air retail center located in Burlington, about 22
miles east of Greensboro, N.C. Hobby Lobby, Carousel Cinemas, Barnes & Noble and Belk
anchor the center. Additional retailers include Buffalo Wild Wings, Tropical Smoothie Café,
Anytime Fitness, Bath & Body Works, Kay Jewelers and DentalWorks, among others.
Tom Dobrowski of Newmark represented the seller in the transaction. Triad Business
Journal reported that previous owner CBL Properties defaulted on the property's $50 million
loan and that Spinoso Real Estate Group was court-ordered to take over management of
Alamance Crossing, as well as bring it to market. The news outlet also reported the asset traded
hands for $38.5 million.
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