Wicker Park Capital Management acquires Spanish Fort's Eastern Shore Centre

GCM Staff Report
Posted 6/25/24

Wicker Park Capital Management has announced the acquisition of Eastern Shore Centre, a prominent retail destination in Spanish Fort. This purchase aligns with Wicker Park's strategy to invest in …

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Wicker Park Capital Management acquires Spanish Fort's Eastern Shore Centre

Posted

Wicker Park Capital Management has announced the acquisition of Eastern Shore Centre, a prominent retail destination in Spanish Fort. This purchase aligns with Wicker Park's strategy to invest in high-quality, community-focused retail properties.

The Eastern Shore Centre, known for its diverse retailers, dining options and entertainment venues, will continue to serve as a key hub for Spanish Fort and Baldwin County. Anchored by Belk and Dillard's, the center benefits from a prime location, convenient access and a loyal customer base, making it a valuable addition to Wicker Park's portfolio.

Crawford Square Real Estate Advisors, a Birmingham-based property management firm with significant expertise in retail property management, has been appointed to lease and manage the center. They will focus on tenant relations, property management, and marketing to ensure the continued success and growth of Eastern Shore Centre.

"We are delighted to add Eastern Shore Centre to our portfolio," said Tom Jackson, Managing Director at Wicker Park Capital Management. "Given the growth in the region, now is an opportune time to reposition Eastern Shore Centre as the dominant outdoor shopping center in Mobile and Baldwin County. Crawford Square Real Estate Advisors has the management, marketing, and leasing expertise to execute our business plan to enhance the center's merchandising, trade area, and ultimately deliver exceptional service to both tenants and shoppers."

Mary Beyer Lell, Partner and Head of Leasing at Crawford Square Real Estate Advisors, expressed enthusiasm for the partnership, adding, "We are excited to partner again with Wicker Park Capital Management on this project. Our team is committed to maintaining the high standards of the Eastern Shore Centre and driving its continued success as a premier shopping destination. Our proven track record in leasing and marketing retail properties will be instrumental in attracting and retaining top-tier tenants, creating a dynamic and thriving environment for shoppers and businesses alike. Our team plans to create memorable community events and elevate the shopping experience."

Eastern Shore Centre will continue to be a vibrant and essential part of the Spanish Fort community, with plans to enhance its offerings and services in the near future.