High Point Town Center News Release

PRATTVILLE, AL | AUG 20, 2012 – BVCV High Point, LLC (BVCV), a joint venture of Clearview Investments, Ltd., from Dallas, Texas, and Ball Ventures, LLC, from Idaho Falls, Idaho, acquired High Point Town Center earlier this year. This group looks to invest in select properties across the country and maintains a distinguished portfolio of investments. Together, Clearview Investments and Ball Ventures have teamed together to target opportunistic investment projects. For BVCV, High Point Town Center is an excellent investment opportunity with over 481,000 square feet of retail space on over a 100 acre site that includes 38 acres of developable land for apartments and additional projects, and 12 outparcels.

This open-air lifestyle center has all the right ingredients:

  • Anchored by successful stores Belk, JCPenney, Publix and Best Buy.
  • Adjacent to the Bass Pro Shops Outdoor World.
  • A growing economy encouraged and supported by the City of Prattville.
  • Successful retail in the immediate area.
  • Great access, location and infrastructure.

Shortly after the purchase by BVCV of High Point Town Center, Jim Wilson & Associates, LLC (JWA) was retained to lease and manage the shopping center. With JWA’s background of local, state and national recognition and the experience of several projects designed similar to High Point, Jim Wilson & Associates looks to provide solid direction for High Point Town Center for the future. Led by Will Wilson as President, JWA has been diligently working toward improving the property with its management and leasing efforts.

As the key JWA leasing representative, Senior Vice President Woody Rush, with over 30 years of retail leasing experience, is putting together a new tenant merchandising plan for the specialty store space at High Point. Rush explained, “The goal is to turn up the efforts to give Prattville and the surrounding market area additional retail store selection at High Point Town Center. Drawing from JWA’s success of similar open-air properties such as Eastchase in Montgomery and River Crossing in Macon, Georgia, and marquis, enclosed mall projects such as the Riverchase Galleria in Birmingham and Mall of Louisiana in Baton Rouge, Jim Wilson & Associates will focus on new food operations, jewelry and gift stores and ladies and junior apparel for High Point.”

Looking ahead, Will Wilson commented that “Patience may be the most important watch word as retail moves deliberately while the economy recovers, the consumer returns and the retail tenants once again address excellent expansion opportunities.”

Jim Wilson & Associates, LLC, based in Montgomery, Alabama is a privately owned real estate company specializing in shopping centers, residential real estate investments, offices, condominiums, hotels and mixed-use developments. With over three decades of real estate experience, JWA has developed in excess of 21 million square-feet of shopping center space. The company’s development portfolio includes residential communities and condominium residences, mixed-use developments, Class A office buildings and hotel and country club assets. For more information, visit www.jwamalls.com.

Clearview Investments, Ltd. is an entrepreneurial, private real estate and investment firm, located in Dallas, Texas. Over the last ten years Clearview has acquired assets totaling over $800 million, with the goal to provide investors and partners with above average, risk-adjusted rates of return, build investor trust throughout the investment cycle and create significant added value by engineering and executive proactive, strategic operating, management, and capital strategies. Clearview real estate investments include over six million square feet of retail, over three million square feet of industrial space, over a million square feet of office buildings including mixed-use projects, over a million square feet of telecom, and hotels. Over the years, Clearview has maintained its focus on opportunistic and distressed investment opportunities. For more information, visit www.ciltd.com.

Ball Ventures, LLC is a real estate investment, lending and development company, headquartered in Idaho Falls, Idaho, that includes an experienced, professional team dedicated, focused and capable of prompt response to complex acquisition opportunities. The company has developed and acquired a portfolio of investments that spans the United States and includes residential communities, office buildings, retail centers, hotels and operating companies. For more information, visit www.ballventures.com.