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| Jeffrey Bayer |
BIRMINGHAM, AL, (Jan. 7,
2016) – Bayer Properties, LLC, one of the nation’s premier real estate
companies, and Savannah-based Wicker Park Capital Management, LLC, a U.S. real
estate investment management firm, recently completed the acquisition of Colony Crossing at Madison, a
77,427-square-foot grocer shadow anchored neighborhood center located in
Madison, Mississippi.
This represents the second joint venture
between Bayer Properties and Wicker Park Capital Management—the first was
Germantown Collection retail center in Germantown, Tennessee.
Bayer Properties will lead
leasing, property management and marketing efforts for Colony Crossing at
Madison.
“Wicker Park Capital Management is an
investment management firm with excellent investment experience and market
knowledge, and we are honored to partner with them in the acquisition of Colony
Crossing at Madison,” said Jeffrey
Bayer, president and CEO of Bayer Properties.
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| Mark Ibanez |
“Madison is consistently named as one of the
most affluent cities in Mississippi, and we are excited about the opportunities
this acquisition will bring to our portfolio.”
Colony Crossing at Madison
was developed in 2005 and is conveniently located off I-55 in Madison and is in
close proximity to major residential and commercial developments.
The tenant mix features a variety of service,
professional and retail businesses such as Orangetheory Fitness, The Landing,
Massage Envy, Donut Place, Pizza Inn, Georgia Blue and Nagoya Japanese
Restaurant and is shadow anchored by The Home Depot, Kroger Grocery and
134-room Hilton Garden Inn.
“We are excited to partner
with Bayer Properties again, a firm dedicated to improving the quality of life
in the communities it serves,” said Mark
Ibanez of Wicker Park Capital Management. “We have a strong relationship
with the Bayer team, and look forward to maximizing the performance of Colony
Crossing at Madison.”
For a
complete copy of the company’s news release, please contact:
Kathryn Farmer
678-642-4301
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