Wicker Park Capital Management announced that it acquired Eastern Shore Centre, Southern Alabama’s premier lifestyle center and entertainment district located at 30500 Highway 181 in Spanish Fort, Ala. For $33.2 million.
JLL represented the seller, Allied Development, and Wicker Park Capital Management purchased the property. Working on behalf of the new owner, JLL procured the acquisition loan from Goldman Sachs.
Eastern Shore Centre, spanning 432,158 square feet and on 42.7 acres, boasts a diverse tenant mix, including Belk, Shoe Station, Barnes & Noble, Stock & Trade, California Dreaming, Half Shell Oyster House, Mountain High Outfitters and a Dillard’s shadow anchor. Future ownership has plans to continue to elevate the tenant profile and activate the place-making opportunities within the property.
Situated in the Daphne/Spanish Fort submarket, Eastern Shore Centre holds an advantage as the sole lifestyle and entertainment destination within a 30
