MALL NEW RIVER VALLEYChristiansburg, VA CBL PROPERTIES

HIGHLIGHTS

NUMBER OF STORES 48 TRADE AREA 313,853 (2018 est.) SIZE 403,172 square feet CENTER EMPLOYMENT 650 (est.) FEATURED STORES Belk, DICK’S Sporting Goods, Kohl’s, HomeGoods YEAR OPENED 1988 WEBSITE ShopNewRiverValleyMall.com

CORPORATE OFFICE: FOR LEASING: CBL Center, Suite 500 MALL OFFICE: CBL PROPERTIES Jimmy Neely 782 New River Road cblproperties.com 2030 Hamilton Place Boulevard p. 423.490.8335 c. 205.960.5693 Christiensburg, VA 24073 NYSE: CBL Chattanooga, TN 37421-6000 [email protected] 540.381.0004 423.855.0001 DEMOGRAPHICS TRADE AREA FACTS PRIMARY SECONDARY TOTAL • New River Valley Mall is a regional mall featuring more than 37 POPULATION TRENDS TRADE AREA TRADE AREA TRADE AREA specialty retailers including American Eagle Outfitters, Bath & Body 2018 Estimate 194,517 119,336 313,853 Works, White Barn, The Children’s Place, Christopher & Banks, Shoe Dept. Encore, Journeys, Kay Jewelers, maurices, Victoria’s Secret 2023 Projection 197,324 115,533 312,857 and Zales. New River Valley Mall recently added a 16,772 square foot 2010 Census 189,281 123,244 312,525 Planet Fitness. Redevelopment to the mall has brought, HomeGoods, 2018 Daytime Population Estimate 88,964 55,474 144,438 ULTA Beauty, and Kirkland’s to the market, all scheduled to open in spring of 2019, this will enhance the mall’s dominant anchor lineup. Wonder Universe a Children’s Museum will also open in 2019.

AVERAGE HOUSEHOLD INCOME • New River Valley Mall is located in the region’s retail hub, just minutes from I-81 and equidistant from nearby Blacksburg and Radford. 2018 Estimate $69,908 $57,667 $65,029 • Over 46,000 college students within a 15 minute drive of New River 2023 Projection $80,999 $69,101 $76,237 Valley Mall, highlighted by Tech and Radford Universities. 2018-2023 % Change 15.86% 19.83% 17.37% • New River Community College enrollment has doubled since opening a satellite campus in New River Valley Mall where almost 1,500 students attend each week. As a result of its success, the college has MEDIAN AGE expanded to nearly 32,000 square feet. 2018 Estimate 45 46 45 • Montgomery County was named “One of the top 100 places to live and launch a business in the country” by Fortune Magazine.

Source: 2010 Census; Scan/US 2018/2023 Estimates

Merrimac

460

81

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11 Christiansburg

81

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NEW RIVER VALLEY MALL Christiansburg, VA CBL PROPERTIES