Roanoke’s Valley View Mall owners file for bankruptcy
Company has entered into a restructuring support agreement
Jeff Williamson, Digital Content Manager
Roanoke's Valley View Mall set to reopen Friday
ROANOKE, Va. – Mall owners CBL Properties, which owns the Valley View Mall in Roanoke has filed for Chapter 11 bankruptcy protection.
In August, the Tennessee-based company said it had entered into a restructuring support agreement in an attempt to try to strengthen its balance sheet.
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The mall owner has struggled during the pandemic with its tenants not paying rent or pushing payments back.
Some of them, like J.C. Penney, have also filed for bankruptcy protection this year.
CBL will continue to own and operate a portfolio of market-dominant shopping centers with a vision to transform our properties from traditional enclosed malls to suburban town centers. In fact, once CBL emerges from Chapter 11, we expect the company will be in a stronger and more flexible position to execute on its strategies.
