(We are having some technical difficulties getting the Retail Roundup column loaded to the new roanoke.com, so unfortunately I don’t have a link to the column. When I do I’ll include it in this post.)
Last week you might have read here that Haverty’s furniture store is closing at the end of May. The store’s closure opens up a very large building in a busy retail hub that is mostly built-out and landlocked by the airport, neighborhoods and Interstate 581.
I sought to find out what would happen with the 40,000 square-foot building. I learned from Roger Elkin, of Hall Associates, which is handling the leasing of the building, that the building has not been leased.
Because of its size, it might be split up to accommodate several tenants, Elkin said. There are very few retailers, he said, that need 40,000 square feet.
Elkin expects to see the building leased quickly, and said there has already been interest.
“Valley View is the absolute retail hub of Western Virginia,” he said.
“There are very few spaces like this in the market,” Elkin said. “It’s a really unique property.”
Also in the column, I reported that Freedom First Federal Credit Union is moving its branch at Towers. The current branch is just inside the shopping center on the upper level. The branch is moving a few doors down, to a larger space next to the Verizon store.