Crossroads Mall is looking to anchor its Hershberger Road front with restaurants, drugstores or other stores that could occupy a pad site.
The mall’s leasing agent, Jake Copty of Thalhimer, announced this week that the former SunTrust Bank branch at the corner of Hershberger Road at Rutgers Street was sold for $400,000 to Roanoke Manager LLC. The 1-acre property is now part of Crossroads Mall and is for sale for $1.4 million.
Copty told me that he’s received some interest in the site, but there are no firm plans for it yet.
There is one other pad site, a .66-acre piece of property next to McDonald’s, for sale for $650,000.
You might recall that Steak ‘n Shake announced in July it is building a restaurant near Crossroads Mall next to McDonald’s. That site is not part of Crossroads Mall, Copty said.
I realize that the news about the pad sites might raise questions about the future and direction of Crossroads. I encourage you to read my story in this Sunday’s business section about the old mall and Towers. The shopping centers turn 50 this year. My story takes a look back and a look forward.