A visiting superior court judge has approved the sale of Alamance Crossing shopping center for $38.5 million to a commercial real estate firm based in Colorado.
Visiting superior court judge Stephanie Reese of Guilford County granted the motion to approve the sale following a brief hearing in Alamance County superior court on Monday afternoon.
Alamance Crossing, which is Burlington’s largest shopping center, has been in receivership since March 2023, after the current owner, Alamance Crossing CMBS, defaulted on a $50.8 million bank loan in 2021…