HPU Announces Oak Hollow Mall Purchase

HIGH POINT, N.C., Feb. 24, 2011 – High Point University officials announced today that the University has purchased Oak Hollow Mall in High Point, N.C.

HPU has engaged the services of CBL and Associates Management, Inc. to manage the day-to-day operations.  CBL is the same group that has operated the Mall since its opening. For the time being, Oak Hollow Mall employees and customers will see no change in the operation of the Mall. HPU officials will continue to evaluate the potential long-term uses for the property.

“High Point University is always interested in exploring opportunities that are beneficial for the City of High Point, the Piedmont Triad and the University,” says Dr. Nido Qubein, president of HPU. “After careful review and reflection, our Board of Trustees voted to purchase the property and to administer it with faithful stewardship.” 

At High Point University, every student receives an extraordinary education in an inspiring environment with caring people. HPU, located in the Piedmont Triad region of North Carolina, is a liberal arts institution with over 4,200 undergraduate and graduate students from 51 countries and 46 states at campuses in High Point and Winston-Salem. It is ranked by US News and World Report at No. 3 among Regional Colleges in the South. Forbes.com ranks HPU in the top 7 percent among “America’s Best Colleges.” Parade Magazine lists HPU in the top 25 private schools in the nation. The university offers 50 undergraduate majors, 42 undergraduate minors and seven graduate degree programs. It is accredited by the Commission of Colleges of the Southern Association of Colleges and Schools, and is a member of the NCAA, Division I and the Big South Conference. Visit High Point University on the Web at highpoint.edu.

CONTACT: Chris Dudley

Vice President and Chief of Staff

336-841-4530 cdudley@highpoint.edu

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