new river valley mall-leasing sheet-2019 · size 403,172 square feet featured stores belk, dick’s...
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CBL PROPERTIES
NEW RIVER VALLEY MALLChristiansburg, VA
HIGHLIGHTS
TRADE AREA 313,853 (2018 est.)
CENTER EMPLOYMENT 650 (est.)
YEAR OPENED 1988
NUMBER OF STORES 48
SIZE 403,172 square feet
FEATURED STORES Belk, DICK’S Sporting Goods, Kohl’s, HomeGoods
WEBSITE ShopNewRiverValleyMall.com
CBL PROPERTIEScblproperties.com
NYSE: CBL
FOR LEASING:Jimmy Neely
p. 423.490.8335 c. [email protected]
CORPORATE OFFICE:CBL Center, Suite 500
2030 Hamilton Place BoulevardChattanooga, TN 37421-6000
423.855.0001
MALL OFFICE:782 New River Road
Christiensburg, VA 24073540.381.0004
CBL PROPERTIESNEW RIVER VALLEY MALLChristiansburg, VA
TRADE AREA FACTS• New River Valley Mall is a regional mall featuring more than 37
specialty retailers including American Eagle Outfitters, Bath & Body Works, White Barn, The Children’s Place, Christopher & Banks, Shoe Dept. Encore, Journeys, Kay Jewelers, maurices, Victoria’s Secret and Zales. New River Valley Mall recently added a 16,772 square foot Planet Fitness. Redevelopment to the mall has brought, HomeGoods, ULTA Beauty, and Kirkland’s to the market, all scheduled to open in spring of 2019, this will enhance the mall’s dominant anchor lineup. Wonder Universe a Children’s Museum will also open in 2019.
• New River Valley Mall is located in the region’s retail hub, just minutes from I-81 and equidistant from nearby Blacksburg and Radford.
• Over 46,000 college students within a 15 minute drive of New River Valley Mall, highlighted by Virginia Tech and Radford Universities.
• New River Community College enrollment has doubled since opening a satellite campus in New River Valley Mall where almost 1,500 students attend each week. As a result of its success, the college has expanded to nearly 32,000 square feet.
• Montgomery County was named “One of the top 100 places to live and launch a business in the country” by Fortune Magazine.
Christiansburg
Merrimac
11
81
81
81
460
460
460
MEDIAN AGE
2018 Estimate 45 46 45
POPULATION TRENDSPRIMARY
TRADE AREASECONDARY TRADE AREA
TOTAL TRADE AREA
2018 Estimate 194,517 119,336 313,853
2023 Projection 197,324 115,533 312,857
2010 Census 189,281 123,244 312,525
2018 Daytime Population Estimate 88,964 55,474 144,438
AVERAGE HOUSEHOLD INCOME
2018 Estimate $69,908 $57,667 $65,029
2023 Projection $80,999 $69,101 $76,237
2018-2023 % Change 15.86% 19.83% 17.37%
DEMOGRAPHICS
Source: 2010 Census; Scan/US 2018/2023 Estimates