It was previously owned by the New York-based Kimco Realty Corporation and was sold to Mobile Festival Acquisition LLC in May 2013.

[1] The centre contains five anchor tenants: Academy Sports + Outdoors, Bed Bath & Beyond, Guitar Center, Ross Dress For Less, and Virginia College.

When it debuted in November 1986, the $40 million, 500,000 sq ft (46,000 m2) shopping complex was considered one of the largest examples of the nascent power center format in the Southeastern United States.

Situated on 72 acres (29 ha) at the intersection of Airport Boulevard and Montlimar Drive, the Mobile Festival Centre had many national retailers new to the market anchoring its smaller in-line tenants.

Walmart closed in favor of a nearby supercenter constructed on a portion of the site of Springdale Mall's aborted north wing expansion.