Cypress Equities Announces Partnership with MMA Capital Management, for Spanish Fort Town Center

DALLAS - Nov. 20, 2014 - PRLog -- Cypress Equities companies* (“Cypress”) today announced a new partnership with MMA Capital Management, LLC, establishing Spanish Fort III, LLC. This partnership will move forward with the ongoing development of Spanish Fort Town Center, located in Spanish Fort, Alabama. With this new capitalization, Cypress plans on making extensive changes to the project. These changes will include a new 3.5 acre park, featuring a pavilion, playground, water feature and more. Construction is slated to begin on December 1st and will also encompass an update to the façades of all existing retail shop buildings. A new marketing program will be developed, focusing on community and shopper events at

Spanish Fort Town Center. In addition, Cypress is in discussions with several new retailers who have expressed interest in the center, and have been awaiting commencement of the redevelopment.

MMA Capital Management, LLC,  is a real estate asset management company that uses its experience and expertise to partner with institutional capital to create attractive and impactful alternative investment opportunities. “We are excited to partner with Cypress Equities and see the Spanish Fort Town Center become the centerpiece of Eastern shore" said Kris Wiebeck, senior vice president for MMA Capital Management. "We want to thank Mayor McMillan, his team at the City of Spanish Fort, and the district board members for their support and look forward to seeing the project come to life.”

“We are very pleased to announce our partnership with MMA Capital Management,” said Chris Maguire, chief executive officer for Cypress Equities. “Spanish Fort Town Center is a strong project, in very desirable location. We look forward to bringing our plans to fruition, with the help of MMA.”

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 JC Penney with additional space for in-line shops and restaurant pads. Cypress is working on a site enhancement plan for Spanish Fort Town Center, which includes additional signage and a 3.5-acre park for the community.

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 18 million square feet and currently is developing and managing a portfolio of more than 9.4 million square feet of retail, office, residential and automotive real estate. Today, there are six Cypress Equities offices throughout the U.S., including Dallas (headquarters), Chicago, New York, San Francisco, Atlanta and Fort Lauderdale. Visit www.cypressequities.com for more information.