Camp Creek Marketplace, East Point, GA
ATLANTA, GA—Wicker Park Capital Management and a fund managed by DRA Advisors are acquiring Camp Creek Marketplace in East Point, GA. The 424,485 square foot shopping center is shadow-anchored by Target and Lowe's, and includes BJ's Wholesale Club, Marshall's, Ross Dress for Less and T.J. Maxx. The center is located at the intersection of I-285 and Camp Creek Parkway—three miles west of Atlanta Hartsfield International Airport and nine miles southwest of downtown Atlanta. The shopping center is presently 99% occupied. Crawford Square Real Estate Advisors, an affiliate of WPCM, will manage and lease the asset.
“Camp Creek Marketplace benefits from a robust economy, a uniquely large trade area in close proximity to the busiest airport in the world and an attractive merchandising mix,” says Blake Berg, principal with WPCM. “We are thrilled to partner again with DRA Advisors and execute a business plan which we believe will generate attractive risk adjusted returns for our investment partners.”
The acquisition of Camp Creek marks the second investment by the DRA and WPCM venture. In April 2018, the venture purchased Valley Bend at Jones Farm, a 425,432 square foot shopping center located in Huntsville, AL, and anchored by Super Target, Hobby Lobby and Dick's Sporting Goods. Crawford Square will also lease and manage this asset.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
