New River Valley Mall

New River Valley Mall is an enclosed shopping mall in Christiansburg, Virginia, United States. Opened in 1988, it features Kohl's, Belk, and Dick's Sporting Goods as its major anchor stores. It is owned and managed by Spinoso Real Estate Group.

New River Valley Mall
Entrance to New River Valley Mall, March 2013
LocationChristiansburg, Virginia, United States
Coordinates37.1656°N 80.4275°W / 37.1656; -80.4275
Address782 New River Road
Opening date1988
DeveloperCrown American
ManagementSpinoso Real Estate Group
OwnerSpinoso Real Estate Group
No. of stores and services50+[1]
No. of anchor tenants4 (3 open, 1 vacant)
Total retail floor area464,000 square feet (43,100 m2)[2]
No. of floors1
Websitehttps://www.shopnewrivervalleymall.com

History

The mall opened in 1988.[3] Built by Crown American, it originally featured Hess's, J. C. Penney, Sears, and Leggett (now Belk).[4]

The mall struggled with vacancy for several years, and was only at 75 percent occupancy for most of the 1990s. In response to this, PREIT, which bought most of the Crown American portfolio, renovated the center throughout the 21st century. Renovations included expansion of the Belk space and a new Dick's Sporting Goods store, replacing Peebles which was operating out of the former Hess's space. A vacated movie theater was also turned into a food court and a satellite campus of New River Community College.[5]

Sears closed in 2014, and was replaced by Kohl's a year later.[6] J. C. Penney closed its store at the mall in 2017.[7]

In 2016, CBL & Associates Properties acquired the mall from PREIT.[8] Planet Fitness announced in 2018 that it would open in the Kohl's wing.[9] CBL has since sold the mall to Spinoso Real Estate Group

References
  1. "Mall info" (PDF). CBL Properties. Retrieved 18 January 2018.
  2. "Leasing information". CBL Properties. Retrieved 18 January 2018.
  3. "New era for New River Valley Mall? The mall has changed hands at an apparent sale price well below its assessed tax value". The Roanoke Times. Retrieved 18 January 2018.
  4. "No title". Stores: The Bulletin of the N.R.D.G.A. 70 (1–6): 74.
  5. "An update on Christiansburg's commercial center". The Roanoke Times. Retrieved 18 January 2018.
  6. "Kohl's is headed to New River Valley Mall". The Roanoke Times. Retrieved 18 January 2018.
  7. "J.C. Penney stores in Roanoke County, Christiansburg set to close". The Roanoke Times. Retrieved 18 January 2018.
  8. "New owners, management team have big plans for New River Valley Mall". WDBJ7. Retrieved 18 January 2018.
  9. "Planet Fitness headed to Christiansburg's NRV Mall". The Roanoke Times. Retrieved 18 January 2018.
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