Becker Village Mall has been sold, according to the Ten-X Commercial website.
The reserve was met shortly after 1 p.m., a Ten-X Commercial email update said.
The final bid was $1.5 million. The website does not disclose the name of the mall buyer or buyers and a Ten-X representative said the name or names could not be disclosed.
The website notes the property is in escrow and once escrow has been closed, the auction details will be made available upon request.
Halifax County Economic Development Director Cathy Scott said this afternoon the name has not been brought to her attention. “I hope whoever bought it will use it to benefit the city. It’s such a prime piece of real estate. It has benefit for the city.”
Scott said if the buyer of the mall plans job creation opportunities, “That is something the economic development commission could help them (with).”
She said the economic development commission could also help the buyers with available grants and resources “to help them support job creation and investment.”
The auction began Monday. The starting bid price was $450,000 and the reserve was met today.
The 299,389-square-foot mall was built in 1980 and was renovated in 1991, according to the online prospectus.
The mall, which stands on approximately 31.9 acres of land, serves as warehousing space for O’Reilly Auto Parts and also hosts Roanoke Valley Veterans Museum. The mall is also home to a hydroponics store, a cosmetics store and a few other businesses.
According to the online prospectus the mall is at 16 percent occupancy.