Triad Business Journal is reporting that Truliant Federal Credit Union (Winston-Salem, NC) purchased the former Macy's department store at Hanes Mall.
While Truliant did not disclose the purchase price for the 154,000 square-foot store, excise tax records indicated a price of $8 million.
According to Todd Hall, president and CEO of Truliant, the purchase meets its expansion needs and will give the credit union "a centrally located new office close to our headquarters with easy access, ample parking, and a ready and flexible infrastructure." He also stated that this will add to the city's tax base.
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