The District at Eastover Developers Acquire One Eastover Center
JACKSON, Miss., Sept. 7, 2016 – OEC District, LLC – led by the development team behind The District at Eastover – has acquired One Eastover Center, the signature Class A office building and parking garage anchoring the leading-edge mixed-use development taking shape in the heart of Metro Jackson.
OEC District purchased the space from Eastover Jackson, LLC, and terms of the deal were not disclosed. OEC principals Breck Hines and Ted Duckworth orchestrated the deal, and financing was provided by Origin Bank.
Completed in 2015, One Eastover Center is home to the Baker Donelson law firm, Ross & Yerger insurance, and Cosmich Simmons & Brown law firm, and includes 115,000 square feet of office space on five floors, and an adjacent 400-space parking garage. It is located on the north end of The District at Eastover.
“We are excited to bring One Eastover Center back into the ownership purview of The District at Eastover and our related ownership entities,” said Hines. “By doing so, we are able to ensure the long-term quality of operation and experience at One Eastover matches that of the entire development. The location and visibility of the building are unsurpassed in the Metro-Jackson marketplace, and as a result is nearly 100 percent leased by a great roster of tenants who have made long-term commitments to this building and The District at Eastover.”
In addition to this acquisition, the developers and their affiliates recently opened a Residence Inn by Marriott at The District at Eastover. Other cornerstone developments under construction are The District Lofts, The BankPlus Building, and 115,000 square feet of ground floor retail and restaurant space, which will be completed in 2017.
About the District at Eastover
The District at Eastover represents the best of mixed-use urban revitalization in the heart of Mississippi’s capital city. Conveniently located between Jackson’s historic Eastover and Fondren neighborhoods and adjacent to the I-55 corridor and the University of Mississippi Medical Center, The District offers a transformative destination characterized by boutique shopping, acclaimed restaurants, thoughtfully planned office space and luxury residential living opportunities. Learn more about The District at www.thedistrictateastover.com