Completed between 2015 and 2016, McGowin Park is leased to national and regional tenants, including anchors Dick's Sporting Goods, Field & Stream, HomeGoods, Ross Dress for Less, Hobby Lobby, Best Buy, Old Navy, Petco, Ashley Furniture HomeStore and Dollar Tree. The center, which is shadow anchored by Costco and Regal Cinemas, has additional development potential through three outparcel pads and two restaurant pads. Located at 3075 Government Boulevard, McGowin Park is located at the intersection of Interstate 65 and Government Boulevard (Highway 90) in the West Mobile submarket.

(Could telling a retail story make all the difference? Here's one opinion.)

Working on behalf of the new owner, HFF placed a $42.76 million, seven-year fixed-rate loan with a life company. The HFF debt placement team representing the buyer was led by senior managing directors Kevin MacKenzie and Mark Sixour.

ATLANTA—McGowin Park, a 375,000-square-foot, best-in-class, regional, open-air anchored shopping center in Mobile, AL, has traded hands. The sale price: $77.5 million.

HFF marketed the property for the seller, Hutton Company. Cole Credit Property Trust IV acquired the property free and clear of existing debt. HFF senior managing directors Richard Reid and Jim Hamilton.

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“McGowin Park is a best in class open air development that will be the retail destination in Mobile for the foreseeable future,” Reid tells GlobeSt.com. “McGowin Park has positioned itself for long-term success based on a dominant tenant lineup and regional location with access to Interstates 65 and 10.”

Completed between 2015 and 2016, McGowin Park is leased to national and regional tenants, including anchors Dick's Sporting Goods, Field & Stream, HomeGoods, Ross Dress for Less, Hobby Lobby, Best Buy, Old Navy, Petco, Ashley Furniture HomeStore and Dollar Tree. The center, which is shadow anchored by Costco and Regal Cinemas, has additional development potential through three outparcel pads and two restaurant pads. Located at 3075 Government Boulevard, McGowin Park is located at the intersection of Interstate 65 and Government Boulevard (Highway 90) in the West Mobile submarket.

(Could telling a retail story make all the difference? Here's one opinion.)

Working on behalf of the new owner, HFF placed a $42.76 million, seven-year fixed-rate loan with a life company. The HFF debt placement team representing the buyer was led by senior managing directors Kevin MacKenzie and Mark Sixour.