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About

Executive Team

Commercial Property 1, LLC was founded in 2009 through the merging of three companies, Newton Oldacre McDonald, Cress Realty Group and The Estes Group. Newton Oldacre McDonald was one of the largest retail developers in the southeast and a preferred developer for Winn-Dixie along with other large-box users. They developed and managed grocery-anchored neighborhood centers, some of the largest power centers in Alabama and Tennessee and many build-to-suit projects across the nation. Newton Oldacre McDonald’s accounting, management, and lease administration staff anchored Commercial Property 1 since its inception. Cress Realty Group was an investment and development company headquartered in Jackson, Mississippi with an office in Destin, Florida. Cress owned and developed many residential and commercial properties throughout Mississippi and the panhandle of Florida, and they also provided brokerage and third-party management services. The Estes Group was a boutique real estate investment brokerage company located in Jackson, Mississippi. The Estes Group served mostly out-of-state investors, banks and loan servicers. The Estes Group also offered third-party property management in addition to its ownership portfolio.

Commercial Property 1, LLC is a full-service commercial real estate firm with a strong presence in the southeast. We strive to be known nationally for our local expertise.

With today’s economic challenges, owners cannot afford to retain inexperienced management. We bring to the table a unique mix of professionals; people who can make better, informed decisions because of our experience. Our people appreciate the role of owner/investor because that is who we are – Commercial Property 1 assembled a team of professionals who have walked in those shoes. Several members of our team have professional designations of CCIM and/or CPM to ensure we continue following best practices and working efficiently. Our company is comprised of people who will protect your investment through talented management. Allow our skilled personnel to help achieve your ownership goals and objectives. We are big picture thinkers. Our mission is proactive accomplishments, not reactive maneuvers.

Currently, our portfolio includes approximately four million square feet, comprised of over 75 retail centers, office buildings, and single-tenant properties in ten states.

We are proud of our AMO (Accredited Management Organization) accreditation because it supports our mission and the experience, professionalism and commitment we provide to our clients. Only 500 management companies in the United States and Canada have passed the rigorous tests necessary to become AMO firms. The AMO accreditation is the mark of distinction among real estate management firms.


Commercial Property 1, LLC was recently awarded the AMO designation by the Institute of Real Estate Management (IREM).

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