High Point University Purchased Mall Loop Road Property

The institution acquired the site of a former restaurant for $1.3 million on Wednesday.

Updated on Oct. 13, 2026 in Dining Out

Isometric editorial illustration of a stylized land parcel adjacent to an academic building block, representing university property expansion. — High Point University has acquired the former site of a local restaurant on Mall Loop Road for $1.3 million to expand campus grounds. AI Illustration. Upload story photo >

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High Point University, through its affiliate 1924 Holdings LLC, purchased the property at 914 Mall Loop Road for $1.3 million. The university acquired the site from MJ Properties of South Carolina LLC, which is affiliated with Homegrown Hospitality Group.

Why it matters

The newly purchased property is contiguous to land already owned by the university, presenting a strategic opportunity for future campus expansion. The site previously housed Liberty Brewery and Grill and Austin's Restaurant.

The property at 914 Mall Loop Road was purchased for $1.3 million. Liberty Brewery and Grill previously operated at the location for 20 years before closing in February 2020.

The players

High Point University

This private liberal arts university is located in High Point and is continuously expanding its campus footprint.

1924 Holdings LLC

This entity is an affiliate of High Point University and acted as the purchaser for the real estate deal.

MJ Properties of South Carolina LLC

This company served as the seller of the property and maintains an affiliation with Homegrown Hospitality Group.

The details

The transaction was finalized after the property owners approached the university regarding a potential sale. The site has remained vacant since the departure of subsequent tenant Austin's Restaurant, following the closure of the nearby Oak Hollow Mall in 2017.

Oak Hollow Mall closed in 2017.
Liberty Brewery and Grill closed in February 2020.
The property sale occurred on Wednesday, October 7, 2026.

Culture Shift

The university's acquisition reflects a broader trend of institutional land banking in High Point. This move aligns with the institution's long-term campus expansion strategy, echoing previous land acquisitions that have gradually transformed the area around the former mall site.

Residents in the area may observe changes in property maintenance or future construction activity as the university integrates the parcel into its holdings. The transaction marks the end of the site's commercial restaurant history and shifts the land toward institutional use.

The takeaway

The acquisition by the university effectively removes another piece of the former mall site from the private dining market. For local residents, this signifies a transition from commercial hospitality spaces to institutional campus property.