{"id":1004139631,"date":"2016-03-18T05:17:00","date_gmt":"2016-03-18T13:17:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004139631"},"modified":"2020-05-13T23:41:51","modified_gmt":"2020-05-14T07:41:51","slug":"lynchburg-va-mall-changes-owner-for-well-over-33m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lynchburg-va-mall-changes-owner-for-well-over-33m\/","title":{"rendered":"Lynchburg, Va. Mall Changes Owner for Well Over $33M"},"content":{"rendered":"

By Bogdan Odagescu, Associate Editor<\/em><\/p>\n

\"River<\/a>

River Ridge Mall, Lynchburg, Va.<\/p><\/div>\n

Lynchburg, Va.<\/strong>\u2014Greysteel recently announced that its Mid-Atlantic retail investment sales team assisted CBL & Associates Properties in selling the River Ridge Mall<\/a> in Lynchburg, Va. The Gresyteel team was led by Gil Neuman, managing director of retail investment sales.<\/p>\n

CBL ceded three fourths of its interest to Lynchburg\u2019s Liberty University (LU) for $33.5 million, retaining 25 percent of ownership. CBL will continue to remain responsible for leasing and managing the retail asset<\/a>.<\/p>\n

Located in near vicinity of LU, Lynchburg\u2019s only enclosed mall offers a diverse list of tenants, including a 14-screen Regal Cinema, T.J. Maxx, Victoria\u2019s Secret, Planet Fitness, New York & Company, American Eagle Outfitters, and Encore. River Ridge also hosts three separately owned anchor department stores: Belk, JC Penney, and Macy\u2019s.<\/p>\n

The transaction comes four years after Liberty University bought the 112,000-square-foot former Sears building<\/a> within River Ridge Mall for $6.9 million. The building served as the temporary main operations center for Liberty University Online and is now slated for redevelopment. \u201cThe former Sears location provides a great opportunity to elevate the entire center through redevelopment of underutilized space, bringing new in-demand retail, entertainment and restaurants to the market,\u201d said Stephen Lebovitz, CBL president & CEO, in a prepared statement.<\/p>\n

Image courtesy of Greysteel<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

CBL sold three fourths of its interest in the River Ridge Mall to Lynchburg\u2019s Liberty University for $33.5 million, retaining 25 percent of ownership.<\/p>\n","protected":false},"author":740,"featured_media":1004139632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21782,11,21742,21749],"tags":[],"class_list":["post-1004139631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-development","category-midatlantic","category-latest","category-retail"],"acf":[],"yoast_head":"\nLynchburg, Va. Mall Changes Owner for Well Over $33M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/lynchburg-va-mall-changes-owner-for-well-over-33m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lynchburg, Va. Mall Changes Owner for Well Over $33M\" \/>\n<meta property=\"og:description\" content=\"CBL sold three fourths of its interest in the River Ridge Mall to Lynchburg\u2019s Liberty University for $33.5 million, retaining 25 percent of ownership.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lynchburg-va-mall-changes-owner-for-well-over-33m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-03-18T13:17:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-14T07:41:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/River-Ridge-Mall-e1458219933550.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bogdan Odagescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lynchburg-va-mall-changes-owner-for-well-over-33m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lynchburg-va-mall-changes-owner-for-well-over-33m\\\/\"},\"author\":{\"name\":\"Bogdan Odagescu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/b496539dc21c086e1deff9b417453162\"},\"headline\":\"Lynchburg, Va. Mall Changes Owner for Well Over $33M\",\"datePublished\":\"2016-03-18T13:17:00+00:00\",\"dateModified\":\"2020-05-14T07:41:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lynchburg-va-mall-changes-owner-for-well-over-33m\\\/\"},\"wordCount\":235,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lynchburg-va-mall-changes-owner-for-well-over-33m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/03\\\/River-Ridge-Mall-e1458219933550.jpg\",\"articleSection\":[\"Deals\",\"Development\",\"Mid-Atlantic\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lynchburg-va-mall-changes-owner-for-well-over-33m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lynchburg-va-mall-changes-owner-for-well-over-33m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lynchburg-va-mall-changes-owner-for-well-over-33m\\\/\",\"name\":\"Lynchburg, Va. Mall Changes Owner for Well Over $33M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lynchburg-va-mall-changes-owner-for-well-over-33m\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lynchburg-va-mall-changes-owner-for-well-over-33m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/03\\\/River-Ridge-Mall-e1458219933550.jpg\",\"datePublished\":\"2016-03-18T13:17:00+00:00\",\"dateModified\":\"2020-05-14T07:41:51+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/b496539dc21c086e1deff9b417453162\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lynchburg-va-mall-changes-owner-for-well-over-33m\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lynchburg-va-mall-changes-owner-for-well-over-33m\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lynchburg-va-mall-changes-owner-for-well-over-33m\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/03\\\/River-Ridge-Mall-e1458219933550.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/03\\\/River-Ridge-Mall-e1458219933550.jpg\",\"width\":800,\"height\":533,\"caption\":\"River Ridge Mall, Lynchburg, Va.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lynchburg-va-mall-changes-owner-for-well-over-33m\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Lynchburg, Va. Mall Changes Owner for Well Over $33M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/b496539dc21c086e1deff9b417453162\",\"name\":\"Bogdan Odagescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/03\\\/Bogdan-Odagescu.png?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/03\\\/Bogdan-Odagescu.png?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/03\\\/Bogdan-Odagescu.png?w=96\",\"caption\":\"Bogdan Odagescu\"},\"description\":\"Bogdan Odagescu is an executive editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2016, as associate editor. Bogdan coordinates news writing and editing work for the two publications, among others. He has a background in English, literature, translation and cultural journalism, and holds an MA in contemporary literature and culture from Birkbeck College, University of London.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/bogdanodagescu\\\/\"],\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/bogdan-odagescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Lynchburg, Va. Mall Changes Owner for Well Over $33M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/lynchburg-va-mall-changes-owner-for-well-over-33m\/","og_locale":"en_US","og_type":"article","og_title":"Lynchburg, Va. Mall Changes Owner for Well Over $33M","og_description":"CBL sold three fourths of its interest in the River Ridge Mall to Lynchburg\u2019s Liberty University for $33.5 million, retaining 25 percent of ownership.","og_url":"https:\/\/www.commercialsearch.com\/news\/lynchburg-va-mall-changes-owner-for-well-over-33m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-03-18T13:17:00+00:00","article_modified_time":"2020-05-14T07:41:51+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/River-Ridge-Mall-e1458219933550.jpg","type":"image\/jpeg"}],"author":"Bogdan Odagescu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/lynchburg-va-mall-changes-owner-for-well-over-33m\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/lynchburg-va-mall-changes-owner-for-well-over-33m\/"},"author":{"name":"Bogdan Odagescu","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b496539dc21c086e1deff9b417453162"},"headline":"Lynchburg, Va. Mall Changes Owner for Well Over $33M","datePublished":"2016-03-18T13:17:00+00:00","dateModified":"2020-05-14T07:41:51+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/lynchburg-va-mall-changes-owner-for-well-over-33m\/"},"wordCount":235,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/lynchburg-va-mall-changes-owner-for-well-over-33m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/River-Ridge-Mall-e1458219933550.jpg","articleSection":["Deals","Development","Mid-Atlantic","News","Retail"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/lynchburg-va-mall-changes-owner-for-well-over-33m\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/lynchburg-va-mall-changes-owner-for-well-over-33m\/","url":"https:\/\/www.commercialsearch.com\/news\/lynchburg-va-mall-changes-owner-for-well-over-33m\/","name":"Lynchburg, Va. Mall Changes Owner for Well Over $33M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/lynchburg-va-mall-changes-owner-for-well-over-33m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/lynchburg-va-mall-changes-owner-for-well-over-33m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/River-Ridge-Mall-e1458219933550.jpg","datePublished":"2016-03-18T13:17:00+00:00","dateModified":"2020-05-14T07:41:51+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b496539dc21c086e1deff9b417453162"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/lynchburg-va-mall-changes-owner-for-well-over-33m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/lynchburg-va-mall-changes-owner-for-well-over-33m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/lynchburg-va-mall-changes-owner-for-well-over-33m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/River-Ridge-Mall-e1458219933550.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/River-Ridge-Mall-e1458219933550.jpg","width":800,"height":533,"caption":"River Ridge Mall, Lynchburg, Va."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/lynchburg-va-mall-changes-owner-for-well-over-33m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Lynchburg, Va. Mall Changes Owner for Well Over $33M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b496539dc21c086e1deff9b417453162","name":"Bogdan Odagescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Bogdan-Odagescu.png?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Bogdan-Odagescu.png?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Bogdan-Odagescu.png?w=96","caption":"Bogdan Odagescu"},"description":"Bogdan Odagescu is an executive editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2016, as associate editor. Bogdan coordinates news writing and editing work for the two publications, among others. He has a background in English, literature, translation and cultural journalism, and holds an MA in contemporary literature and culture from Birkbeck College, University of London.","sameAs":["https:\/\/www.linkedin.com\/in\/bogdanodagescu\/"],"url":"https:\/\/www.commercialsearch.com\/news\/author\/bogdan-odagescu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/River-Ridge-Mall-e1458219933550.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004139631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/740"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004139631"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004139631\/revisions"}],"predecessor-version":[{"id":1004440015,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004139631\/revisions\/1004440015"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004139632"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004139631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004139631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004139631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}