Independence Mall (formerly Westfield Independence) is the only enclosed shopping mall in Wilmington, North Carolina. It opened in 1979 with anchor stores Belk-Beery (now Belk), JCPenney, and Sears. A later expansion added a new wing and Dillard's store to the center after Westfield Group purchased the mall. On April 6, 2018, it was announced that Sears would be closing as part of a plan to close 24 stores nationwide. The store will close in July 2018. The mall is located on Oleander Drive (U.S. 76) and Independence Blvd east of downtown Wilmington. The mall has a food court and no longer features a carousel.
Anchors
Independance mall lunch @ my fav. spot - Independence Mall\ Wilmington, NC.
- Belk (175,512 sq ft.)
- Dillard's (159,000 sq ft.)
- JCPenney (112,200 sq ft.)
- Sears (187,027 sq ft.) (closing July 2018)
Financial Issues
In October 2014, a $110 million loan on Independence Mall went into default after payments were overdue for more than a month. As of July 2016, a foreclosure auction date had been set for later that month, however the date has continuously been moved in efforts to continue discussions with the loan borrower, Centro Independence LLC. A property appraisal done in December 2015 valued the mall at only $61 million.
References
External links
- Official website
