Independence Mall (North Carolina)

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Independence Mall
Independence Mall in Wilmington, NC.jpg
Location Wilmington, North Carolina, USA
Coordinates 34°12′48″N 77°54′22″W / 34.21334°N 77.9061°W / 34.21334; -77.9061Coordinates: 34°12′48″N 77°54′22″W / 34.21334°N 77.9061°W / 34.21334; -77.9061
Address 3500 Oleander Dr
Wilmington, North Carolina
28403
Opening date 1979
Management Brixmor
Owner Brixmor
No. of stores and services 142
No. of anchor tenants 4
Total retail floor area 997,525 square feet (92,673.1 m2)(GLA)
No. of floors 1 main floor
Belk, Sears, and Dillard's have 2
Website www.shopindependencemall.com

Independence Mall (formerly Westfield Independence) is the only enclosed shopping mall in Wilmington, North Carolina. It opened in 1979 with anchor stores Belk-Beery (now Belk), JCPenney, and Sears. A later expansion added a new wing and Dillard's store to the center after Westfield Group purchased the mall.[1] The mall is located on Oleander Drive (U.S. 76) and Independence Blvd east of downtown Wilmington. The mall has a food court and no longer features a carousel.

The Middle of Belk at Independence Mall

Anchors[edit]

Independence Mall Panorama.jpg

Financial Issues[edit]

In October 2014, a $110 million loan on Independence Mall went into default after payments were overdue for more than a month.[2] As of July 2016, a foreclosure auction date had been set for later that month, however the date has continuously been moved in efforts to continue discussions with the loan borrower, Centro Independence LLC. [3] A property appraisal done in December 2015 valued the mall at only $61 million.

References[edit]

  1. ^ "Star-News - Google News Archive". News.google.com. 1998-07-29. Retrieved 2012-01-06. 
  2. ^ Nunn, Cece (2014). "Independence Mall Loan In Default, Fitch Ratings Says". WilmingtonBiz.com. Retrieved 10 August 2016. 
  3. ^ Hoyle, Amanda (2016). "New foreclosure date set for Wilmington's Independence Mall — again". Triangle Business Journal. Retrieved 10 August 2016. 

External links[edit]