Anthony Bimbo was arrested in New Jersey. No other details about the arrest are available at this time.
On Friday night, a man in a mask robbed the Marquee Cinema at Wakefield Commons at gunpoint.
The man shot and killed the theater manager, 48-year-old Mark Buhaug.
Police were looking for 40-year-old Bimbo. They believe he is also responsible for a robbery in Wake Forest on Saturday morning.
Police already arrested 18-year-old Jason Zilinski and 19-year-old Ryan Becker in connection with the shooting.