CHESAPEAKE, Va. - Kotarides, a Virginia Beach property management company, has bought the Chesapeake Square Mall in Western Branch.
The mayor of Chesapeake made the announcement Thursday at the annual State of the City address.
Since 1963, Kotarides has specialized in building homes, developing neighborhoods and managing properties.
News 3 spoke to Chesapeake Square Mall shoppers and many have mixed opinions and questions about the news.
“We’ve been here a long time. We’ve watched the mall grow, we’ve watched people around here grow and to see it gone we don’t know what’s going to be built around here," says Michael Horan.
Chesapeake Square Mall was built in 1989 and has approximately 80 stores and several eateries.
“It would be nice to know what’s going on as they’re making their transitions,” says Amar Skinner.
There is no specific information on what the developer plans to do with the land at this time.