Greenbrier Mall ::: End of Season Sale: Up to 50% off ::: Foot Locker

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What happened to Greenbrier Mall?

Greenbrier Mall, which opened over 40 years ago and was once a shopping staple for Chesapeake residents, has faced struggles going back to before the pandemic, resulting in slower business and more store vacancies. The mall has now been foreclosed upon by its owners. ...

Why is Greenbrier Mall being foreclosed?

Greenbrier Mall in Chesapeake is being foreclosed because its owners have been unable to pay off the building's loan. CBL Properties, the Tennessee-based company that owns Greenbrier Mall and several other shopping centers across the country, shared the news in an end-of-year 2021 financial report. ...

What will happen if CBL sells Greenbrier Mall?

If CBL sells Greenbrier Mall and two other shopping centers, it will be able to pay off $153.7 million in debt. Once the sale is complete, the future of the area and its businesses will be determined. ...

Where is Greenbrier Mall?

Greenbrier Mall is a nearly 900,000 sq ft (84,000 m 2) regional mall in Chesapeake, Virginia, United States in the Hampton Roads metropolitan area. The mall has a hillside terrain, with entries on both upper and lower levels. It serves communities on the east coast in the states of Virginia and North Carolina. ...

What is the worth of Greenbrier Mall?

Greenbrier Mall is worth $61.6 million, according to the report. Once CBL sells off Greenbrier Mall and two other shopping centers, it will be able to pay off $153.7 million in debt. (The passage mentions the worth of Greenbrier Mall at the beginning) ...

Does Greenbrier Mall enter receivership?

Greenbrier Mall enters receivership on March 10, as detailed in CBL Properties' end-of-year 2021 financial report. CBL Properties, the Tennessee-based company that owns the mall and several other shopping centers across the country, shared this news in the report. ...

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