preliminary details

The two centers are the 1.4 million-sf Colonial Mall Macon (GA) and the 415,000-sf Colonial Mall Burlington (NC). Lightstone officials say they will upgrade the tenants at both centers and make other improvements.

Belk, Dillard's, J.C. Penney, Matthews, Parisian and Sears anchor Colonial Mall Macon. The two-story center has 200 specialty stores and opened in 1969.

Belk, Goody's, J.C. Penney and Sears are Colonial Mall Burlington's anchor tenants. Colonial completed a renovation of that property last year.

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