CASSELBERRY, FL – Crossman & Company arranged the $7,175,000 million sale of Greater Marketplace, a 154,000 square foot, multi-tenant retail center located at 1006 State Road 436 in Casselberry, Florida. A subsidiary of Baer’s Furniture purchased the property in early January.
The center is conveniently located at the intersection of Red Bug Lake Road and State Road 436. Notable tenants include Planet Fitness, Colorado Fondue, Bank of America and Verizon Wireless.
“The Greater Marketplace transaction provides further evidence that anchor tenants are continuing to find it more beneficial to buy an entire shopping center than enter into a long term lease,” notes Brian Carolan, Director of Investment Sales with Crossman & Company.
Carolan exclusively represented the Seller to the market during this transaction. Drew Saphos with NAI Realvest represented the purchaser.
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.