Independence Mall (North Carolina)
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| Location | Wilmington, North Carolina, USA |
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| Coordinates | 34°12′48″N 77°54′22″W / 34.21334°N 77.9061°W |
| 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 |
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.
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Anchors
Financial Issues
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
- ^ "Star-News - Google News Archive". News.google.com. 1998-07-29. Retrieved 2012-01-06.
- ^ Nunn, Cece (2014). "Independence Mall Loan In Default, Fitch Ratings Says". WilmingtonBiz.com. Retrieved 10 August 2016.
- ^ Hoyle, Amanda (2016). "New foreclosure date set for Wilmington's Independence Mall — again". Triangle Business Journal. Retrieved 10 August 2016.
External links
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