Vicksburg Commons sold at auction to Texas-based investment group

Published 9:14 pm Wednesday, November 9, 2022

: A portion of the former Vicksburg Outlets, now known as Vicksburg Commons Shopping Center, was purchased by TCP Realty Services, LLC. (Photo from realtor’s listing)

Vicksburg Commons has a new owner.

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

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

Vice President of Leasing and Property Management for Blue Ridge Capital Steve Patrick said in an earlier interview that the decision to sell the Vicksburg property had been “tough,” 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 Southwest United States with more than 14 shopping center properties.

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

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

Unlike Blue Ridge Capital, which purchased the Vicksburg Commons with the intent to sell once it had leased most or all of the available space, Fant said, TCP’s intent is to hold the property “long-term” and it currently has no intentions to rename the center.

From conversations with TCP representatives, who were in Vicksburg on Monday, Fant said the group plans to keep the current tenants that are leasing space and will be looking for national tenants as well.

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

The sale of the Vicksburg Commons 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 the property with TCP are ongoing.

Fant will be working as TCP’s leasing manager, she said.

About Terri Cowart Frazier

Terri Frazier was born in Cleveland. Shortly afterward, the family moved to Vicksburg. She is a part-time reporter at The Vicksburg Post and is the editor of the Vicksburg Living Magazine, which has been awarded First Place by the Mississippi Press Association. She has also been the recipient of a First Place award in the MPA’s Better Newspaper Contest’s editorial division for the “Best Feature Story.”

Terri graduated from Warren Central High School and Mississippi State University where she received a bachelor’s degree in communications with an emphasis in public relations.

Prior to coming to work at The Post a little more than 10 years ago, she did some freelancing 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 the Crawford Street United Methodist Church. She is a lifetime member of the Vicksburg Junior Auxiliary and is a past member of the Sampler Antique Club and Town and Country Garden Club. She is married to Dr. Walter Frazier.

“From staying informed with local governmental issues to hearing the stories of its people, a hometown 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 will be able to continue to grow and hone in on my skills as I help share the stories in Vicksburg. When asked what I like most about my job, my answer is always ‘the people.’

More by Terri Cowart