SPANISH FORT, Ala. (March 28, 2019) – Cypress Equities companies* (“Cypress”) announced today that the real estate developer has finalized a land sale with Tyler, Texas-based western wear retailer Cavender’s. The approximately two-acre parcel is located within Cypress’ mixed-use development known as Spanish Fort Town Center in Spanish Fort, Alabama, where the retailer will build its newest store.
Cavender’s currently operates more than 80 stores in eight states. The retailer specializes in men’s, women’s and children’s western wear, including cowboy boots, cowboy hats, outerwear, jeans, belts, buckles, wallets, purses, jewelry and more. Among the popular brands consumers will find available at Cavender’s are Justin Boots, Ariat, Wrangler, Cinch, Lucchese Boots, Miss Me Jeans, Tony Lama Boots, Rafter C, among others.
Scott Bitney of L3 Corporation Commercial Real Estate represented Cavender’s on this transaction, while Angie McArthur of Stirling Properties represented Cypress Equities.
“We are excited to have Cavender’s join the growing lineup at Spanish Fort Town Center,” stated Michael Wheat, managing director of leasing for Cypress Equities. “This transaction comes at a time of significant growth and evolution of the town center as The Fort container park and specialty retailer KK Across the Bay opened, plus a variety of other operators are under construction, including Beauty World Beauty Supply and DDS Denture + Implant Solutions.”
The new Cavender’s store will be situated between Urban Air Adventure Park and La-Z-Boy Furniture Galleries adjacent to Town Center Park, where The Fort opened last month.
Spanish Fort Town Center is a 448,748-square-foot, mixed-use retail property that encompasses 230 acres and is currently anchored by Bass Pro Shops, Kohl’s and JCPenney. Other merchants include Fairways Indoor Golf Club, Urban Air Adventure Park, Tots2Teens Fun Salon, TQL, Direct Furniture and Oishi Japanese Sushi Bar and Grill. Spanish Fort Town Center also features a 3.5-acre community park, Town Center Park. For more information about the center, please visit www.spanishforttowncenter.com.
About Cypress Equities
Cypress Equities* (Cypress) was founded in 1995 and has since established a national reputation synonymous with the premier development, operation and management of destination-class retail and mixed-use properties throughout the U.S. Historically, Cypress has developed and acquired more than 20 million square feet and currently is developing and managing a portfolio of more than 13 million square feet of space, primarily focused on retail and mixed-use properties. Today, there are three Cypress Equities offices throughout the U.S., including Dallas (headquarters), New York and Atlanta. Visit www.cypressequities.com for more information.
*The Cypress Equities name, logo and other marks are trademarks and service marks being licensed to independent operating companies by CE Brands, LLC. Any particular obligation, service or product is the sole responsibility of the specific entity that incurs such obligation or supplies such service or product.