FOR IMMEDIATE RELEASE

Spinoso Real Estate Group (SREG) to Start Demolition at The Mall at Turtle Creek in Jonesboro, Arkansas

SYRACUSE, NY (April 6, 2023) – Spinoso Real Estate Group (SREG), a leading retail real estate firm, announced today that it will begin demolition work at The Mall at Turtle Creek in Jonesboro, Arkansas, in the coming weeks. SREG was assigned to oversee the management of the mall in late 2022 and has since been evaluating the best path forward for the center.

“After careful consideration and planning, it has been determined that the first step in the future of The Mall at Turtle Creek is to focus on safety and improving the appearance of the property. To that end, we will be initiating efforts to clean up the site, demolish and remove damaged structures and improve the overall safety and appearance of the site,” said Carmen D. Spinoso, Chairman & CEO of SREG. “We are committed to working with the tenants, the city, and the community to develop a plan that will ultimately lead to the revitalization of the property and the surrounding area. We are grateful for the community’s and city’s support. We look forward to sharing further plans as they are developed and this important first step is completed.”

“We understand the importance of The Mall at Turtle Creek to the community, and we are committed to exploring future opportunities,” said Spinoso.

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About Spinoso Real Estate Group

Spinoso Real Estate Group is a national real estate firm, recognized as the premier operator of enclosed shopping malls and large-scale retail properties. With a proven track record of 79 properties and 67.3 million square feet of enclosed-mall transformation, the firm offers a range of services including leasing, property management, repositioning, marketing, development, stabilization, and re-development/densification. For more information, visit www.spinosoreg.com.