One of Wilmington's oldest shopping centers is now under new ownership.

4th Dimension Properties recently took over ownership of Independence Mal l, located at 3500 Oleander Drive in Wilmington. The company's website now has Independence Mall listed among its 12 shopping center properties across the country.

Independence Mall , anchored by Belk and JCPenney, opened on Aug. 1, 1979.

In 2017, Rouse Properties, which is now part of Brookfield Properties, purchased Independence Mall for $45 million and started redevelopment into a more modern open-air shopping center.

Who is 4th Dimension Properties?

4th Dimension Properties owns 12 malls throughout the country, according to its website's portfolio. The 4D team is led by a group of real estate professionals, including attorneys, ac

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