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The Avenue was jointly developed and operated by Cousins Properties and Faison Enterprises; however, in August 2013 The Avenue was sold to Houston-based Hines Global REIT Inc. for US$163 million. [3] This was a record price for an open-air, non-mall in Tennessee. [3] As of June 30, 2013, eighty-five percent of the space had been leased. [6]
Stones River Town Centre (formerly Stones River Mall) is a partially enclosed regional shopping mall in Murfreesboro, Tennessee, United States. Built in 1992, it was expanded and renovated in the late 2000s. The mall comprises more than fifty stores. [2] The mall is owned and managed by Sterling Organization.
Murfreesboro is a city in, and county seat of, Rutherford County, Tennessee, United States. [6] The population was 165,430 according to the 2023 census, up from 108,755 residents certified in 2010. [7]
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The property was originally developed by Cousins Properties as the Avenue Carriage Crossing, opening in 2005. [1] In 2012, DRA Advisors partnered with PM Lifestyle Centers to purchase the property for $55 million. [2] The anchor stores are Dillard's and Mid-South Furniture.
In addition, the brand put out a nationwide call for customers to try-out to be Avenue clothing plus-size models. [13] In May 2018, Mark Walsh was appointed CEO of Avenue, succeeding to Liz Williams. [14] On August 9, 2019, Avenue Stores again filed for Chapter 11 bankruptcy. The case was filed in Delaware as case number 19-11842.
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