THE FOLLOWING IS A NEWS-GAZETTE ARTICLE BY JENNIFER BAILEY
ABOVE: Danville mall property at 2917 N. Vermilion St. is back up for sale.
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DANVILLE — A year after three Village Mall properties sold at auction, two appear to be up for sale again.
The parcel at 2917 N. Vermilion St. — a 126,153-square-foot “fully occupied grocery-anchored shopping center with national tenants” — is currently listed on LoopNet with a selling price of $7.187 million. Current tenants include County Market, Pet Supplies Plus, Ross Dress for Less and Dunham’s Sports.
Meanwhile, the interior-corridor mall building itself, purchased at auction last year for $470,000 by Jimmy Virk, CEO of California-based Beyond Bancard, is listed for an “undisclosed rate” on the Crexi.com real-estate site.
Danville Mayor Rickey Williams Jr. was optimistic about the company’s finances and having leases close to being finalized with Five Below and a movie theater.
He said he’s disappointed the city wasn’t contacted about the properties being put up for sale again this summer. He said the city had offered incentive packages to help with the redevelopment of the mall.
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