Atlanta Business Chronicle | Augusta Company Buys Virginia Mall
Augusta, Ga's Hull Story Gibson Companies has purchased Piedmont Mall in Danville, Va., from General Growth Properties, reports the Augusta Chronicle.
The 731,500-square-foot property is the Augusta company's 18th enclosed regional mall. The anchor stores are Sears and Belk. Overall, the company has 12 million square feet of retail space.
Managing partner Jim Hull told the Augusta paper that renovations will include an upgrade of the interior and exterior lighting, entrances, signage, painting and flooring.
"We understand how important it is for the community to have a vibrant and prosperous regional mall," Hull told the Augusta Chronicle. "The mall is the first property in Virginia for the Augusta company," the paper said.
The Virginia mall's former owner, General Growth Properties, declared bankruptcy. The mall was surrendered to Bank of America. In June a Texas company took receivership and marketed the property for sale, the Augusta Chronicle reported.