Monthly Archives: January 2014

Crossman & Company Closes Sale on Marketplace Shopping Center

MADISONVILLE, TN – Marketplace Shopping Center, a 39,400 square foot neighborhood shopping center anchored by a dark Food Lion, has been acquired by a private buyer. This transaction represents the second property sold in Tennessee and the eighth property sold in the last nine months by Crossman & Company.

Senior Vice President John Zielinski said “the dark anchor space created some challenges but we were able to find an owner-user while simultaneously negotiating a buyout of the anchor lease.  This structure helped ensure that we achieved the best price for our institutional client.”

“Retail anchors, both traditional and non-traditional, have increasingly sought to buy the entire shopping center rather than just leasing their individual space,” said Director, Brian Carolan.

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About Crossman & Company
Crossman & Company was founded in 1990 and is a regional shopping center brokerage firm which represents over 200 shopping centers in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. For more information, visit the company’s website: www.crossmanco.com


Crossman & Company Closes Sale on Bear Lakes Shoppes

APOPKA, FL — Bear Lake Shoppes, a 20,164 square foot retail center, anchored by Starbucks Coffee Company has been acquired by a private investor. This previously bank-owned center is located in a high income area of Seminole County with strong visibility along State Road 436.

Brian Carolan, Director at Crossman & Company, said “the national tenant mix attracted numerous offers from qualified buyers that allowed us to negotiate a favorable sales price for our client.”

About Crossman & Company
Crossman & Company was founded in 1990 and is a regional shopping center brokerage firm which represents over 200 shopping centers in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. For more information, visit the company’s website: www.crossmanco.comOrganizational Announcements