Vicksburg Commons Auctioned to Texas-Based Investment Group – The Vicksburg Post

Vicksburg Commons auctioned off to Texas-based investment group

Posted 9:14 PM on Wednesday, November 9, 2022

Vicksburg Commons has a new owner.

TCP Realty Services, LLC has officially purchased the over 96,000 square foot building located at 4000 South Frontage Road and its nine acres of land.

On September 27, former Vicksburg Commons owner Blue Ridge Capital, an Atlanta-based company, put the property up for auction.

Blue Ridge Capital Vice President of Leasing and Property Management Steve Patrick said in an earlier interview that the decision to sell the Vicksburg property was “difficult,” but for the company it was the right decision at the time.

Based in Houston, Texas, TCP Realty Services, LLC is a property management and real estate investment group that operates throughout Texas and the Southwestern United States with more than 14 shopping centers.

“We are thrilled to have TCP come to Vicksburg. We always welcome outside investors and are glad they chose Vicksburg and I look forward to working with them,” said Vicksburg resident Mary Jane Fant.

Fant owns Curb Appeals Real Estate in Vicksburg and is the daughter of the late Margaret Gilmer, founder and founder of the Vicksburg Factory Outlets, now known as Vicksburg Commons.

Unlike Blue Ridge Capital, which purchased the Vicksburg Commons with the intention of selling once it leases most or all of the available space, Fant said, TCP’s intention is to retain ownership. “long-term” and he currently has no intention of renaming the center.

Based on conversations with representatives from TCP, who were in Vicksburg on Monday, Fant said the group plans to retain current tenants leasing space and will also seek domestic tenants.

“It will be a good mix of national and local tenants,” Fant said.

The Vicksburg Commons sale did not include the Gap building and the parcel of land that contains the land next to the Cracker Barrel. This property is owned by a partnership created by Gilmer.

However, Mary Jane Fant, Gilmer’s daughter, said negotiations for ownership with TCP were ongoing.

Fant will work as TCP’s rental manager, she said.

About Terri Cowart Frazier

Terri Frazier was born in Cleveland. Soon after, the family moved to Vicksburg. She is a part-time reporter for the Vicksburg Post and editor of Vicksburg Living Magazine, which was awarded first place by the Mississippi Press Association. She was also the recipient of a first place award in the editorial division of the MPA’s Better Newspaper Contest for “Best Feature Article”.

Terri is a graduate of Warren Central High School and Mississippi State University, where she earned a bachelor’s degree in communications with a major in public relations.

Before coming to work at the Post just over 10 years ago, she freelanced at the Jackson Free Press. But for most of her life, she enjoyed being a full-time stay-at-home mom.

Terri is a member of Crawford Street United Methodist Church. She is a life member of the Vicksburg Junior Auxiliary and was a member of the Sampler Antique Club and the Town and Country Garden Club. She is married to Dr. Walter Frazier.

“Whether it’s staying informed about local government issues or hearing the stories of local residents, a local newspaper is vital to a community. I have felt privileged to be part of a dedicated team at the Post throughout my tenure and hope that with theirs and with local support, I can continue to grow and hone my skills by helping to share the stories in Vicksburg. When people ask me what I love most about my job, my answer is always “the people”.

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