THE FOLLOWING IS A NEWS-GAZETTE STORY BY JENNIFER BAILEY
DANVILLE — If new Village Mall owner Jimmy Virk has his way, the mall won’t continue to be a sad, largely empty building for local residents.
Virk is planning for it to come back as a new-look, vibrant, community gathering place that residents will be excited about.
According to Virk, “the general plans are to consolidate some of the smaller units into larger spaces that will be more marketable to larger
tenants. The idea is to enlarge and upgrade the movie theater, create a larger restaurant space, and create a significantly larger space for a family entertainment center (think a Malibu Jack’s type venue).”
Possible future tenants still currently include Ollie’s and/or Five Below, as the previously mall owners had not moved past letters of intent.
Virk said they’ve not talked to any movie theater companies or entertainment complexes yet.
“We have been in the process of creating a new LOD (lease outline drawing) with the intended larger spaces to market, so I expect we’ll be starting
some conversations within the next few weeks,” he reports.
Virk is “looking forward to bringing life back to the mall and reinvigorating the space to serve the community.”
He is a burgeoning investor and says he purchased the Village Mall in Danville because he’s always on the lookout for great opportunities. He
felt the Village Mall was just the thing. He sees the upward potential of the property and enjoys projects where he can turn his vision into reality.
A little bit more about Virk, provided by his company: he is a distinguished leader with more than 15 years of experience in the payment
processing industry. His journey into entrepreneurship began in 2011 with the founding of his first Independent Sales Organization, Express Payment
Solutions, a Fiserv retail ISO, showcasing his early entrepreneurial spirit.
In 2016, Virk further demonstrated his leadership by establishing Beyond Bancard, where he currently is CEO.
In addition to his achievements in payment processing, he has grown his investment portfolio in the real estate and convenience store industries, owning five investment properties and three convenience stores. With an educational foundation from University of California, Davis, he also is
multilingual, fluent in Punjabi, and is a fervent technology enthusiast.
