Wicker Park Capital Management Acquires Cleveland Towne Center in Tennessee

Books-A-Million, Bed Bath & Beyond and Michael’s anchor Cleveland Towne Center in the Chattanooga suburb of Cleveland, Tennessee. Books-A-Million, Bed Bath & Beyond and Michael’s anchor Cleveland Towne Center in the Chattanooga suburb of Cleveland, Tennessee.

Cleveland, Tenn. — Wicker Park Capital Management LLC has acquired Cleveland Towne Center, a 152,839-square-foot regional power center located in the Chattanooga suburb of Cleveland.

Books-A-Million, Bed Bath & Beyond, Electronics Express, Michael’s and Ross Dress for Less anchor the center, which is also home to tenants including AT&T, Dos Bros Mexican Restaurant, Fulin’s Asian Cuisine, GameStop, Honey Baked Ham, Lifeway Christian, Rock Creek Outfitters, Sports Clips and Shane’s Rib Shack. 

Jim Hamilton, Richard Reid, Brad Buchanan and Mike Allison of HFF represented the seller, an undisclosed institutional client, in the transaction. Chip Sykes and Matthew Beam, also of HFF, placed a seven-year, fixed-rate acquisition loan with Deutsche Bank on behalf of the buyer.

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