Bristol Mall

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Bristol Mall
LocationBristol, Virginia, U.S.
Opening date1976[1] 2018 - Reopened as "Bristol Industrial Mall" [2]
Closing dateAugust 31, 2017
OwnerPar Ventures LLC
No. of stores and services0
No. of anchor tenants0
Total retail floor area486,169 square feet (45,166.6 m2)
No. of floors2 (Last Available Archive)

Bristol Mall was the only regional shopping mall serving Bristol, Virginia. It opened in 1976. Former anchors included Sears, Belk, JCPenney, and a movie theater. With Bristol being the home of country music, long before Knoxville or Nashville, for many years there had been a museum at the mall, showcasing the legacy this left to the area.[3]

In April 1999, Bristol Mall was sold to Aronov Realty Management of Montgomery, Ala., from an affiliate of Urban Retail Properties, Chicago, for $25 million.[4] The mall was sold to Bristol Mall Acquisitions LLC in 2006 for $18.3 million.[5]

On August 3, 2015, local news station WCYB reported that Bristol Mall had gone into foreclosure and would be put up for auction.[6] After an unsuccessful first auction, the mall was ultimately purchased by a family-owned real estate investment group, Sunstar Keshav LLC at a second online auction. Representatives from the company stated that they were committed to revitalizing Bristol Mall and again making it a viable retail complex.

The mall closed again on August 31, 2017, after the last remaining store closed. The mall's website was taken offline after this closure.

In April 2018, the Bristol Mall was listed as back on the market for $2.9 million.[7]

On May 28, 2018, a pharmaceutical company revealed its plan to buy the vacant property and convert it into a cannabidiol production plant.[8] The company, Par Ventures, said it would create around 500 jobs.

On June 6, 2018, Par Ventures finalized the purchase of the property.[9] The property name changed to "Bristol Industrial Mall."[10]

  1. ^ Robert Sorrell (August 18, 2015). "Bristol Mall auctioned for $2 million". Bristol Herald Courier. The mall, which opened in 1976, has struggled to retain tenants in recent years and lost two of three anchor stores over the past 16 months.
  2. ^
  3. ^ Childress, Tammy (November 1, 2017). "Bristol's Pickin' Porch and Mountain Music Museum moving to Kingsport". Bristol Herald Courier. The museum opened at the Bristol Mall in 1998, when White and businessman James Bryant formed the Bristol Country Music Association.
  4. ^ "TRANSACTIONS". Shopping Centers Today. Shopping Centers Today. Archived from the original on 2011-06-06. Retrieved 2008-10-05.
  5. ^ Zach Irby (June 23, 2017). "Belmeade Formal Wear exits Bristol Mall". Bristol Herald Courier.
  6. ^ WCYB. "Bristol Mall going up for auction". WCYB. Retrieved 2016-05-13.
  7. ^ ZACH IRBY. "Bristol Mall back on the market for $2.9 million". Bristol Herald Courier. Retrieved 2018-04-08.
  8. ^
  9. ^ COURIER, DAVID MCGEE | BRISTOL HERALD. "Par Ventures acquires Bristol Mall for $2.6 million". Retrieved 2018-07-11.
  10. ^ "Home". Bristol Industrial Mall. Retrieved 2018-07-11.

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