Monthly Archives: April 2015

Crossman & Company Welcomes New Tenant to Charles Hight Square

Dave Palumbo, smRome, GA. – Charles Hight Square welcomes its newest tenant, Miracle-Ear.

The 88,721-square-foot shopping center at 435 Turner McCall Blvd. NE, is located directly across from Floyd Medical Center. It is also home to the first and only Publix in Rome, GA.

Miracle-Ear services patients with hearing aids and has more than 1,200 locations across the country.

Crossman & Company’s Senior Associate Dave Palumbo worked with Jimmy Byars of Hardy Realty.

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About Crossman & Company
Crossman & Company is the premier real estate firm focused on serving retail landlords exclusively throughout the Southeast – with offices in Atlanta, Boca Raton and Orlando – representing more than 200 shopping centers in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. The company was founded in 1990 with the goal of providing exemplary service to our clients around four core values: Maintain enthusiastically satisfied clients; Demonstrate servant leadership; Practice kindness, openness and humility; and Develop new talent. For more information, visit the company’s website at www.crossmanco.com.


Crossman & Company’s Sherri Mann signs 14 deals in first quarter

Sherri Mann, smAtlanta, GA. – Crossman & Company recognizes its Senior Associate Sherri Mann for closing 14 deals within the first quarter of the year.

Mann most recently brokered a lease for Studio 124 at West Jackson Crossing in Hoschton, GA. and renewed leases for 2B Postal, a FedEx authorized ship center and drop-off location, at Eastgate Plaza in Pensacola, FL.; and Great China at Shoppes at Milestone in Pensacola, FL.

“We are proud of Sherri’s diligent work ethic and devotion to every single one of her clients. She has always represented the level of service that Crossman & Company thrives to provide,” said Crossman & Company President John Crossman.

Mann of Atlanta was recently recognized as a Top Retail Leasing Broker by the CoStar 2014 Power Broker Awards.

Mann’s 11 other deals within the last few months were:

  • Fit Your Way inside Publix at South Walton in Santa Rosa Beach, FL
  • Super Cuts at Eastgate Plaza in Pensacola, FL
  • Leslie’s Pools at Bradfordville Center in Tallahassee, FL
  • Rent-A-Center at Crestview Corners in Crestview, FL
  • Word of Mouth Barber Shop at Monument Landing Shopping Center in Jacksonville, FL
  • Howard Street Cleaners at Heritage Oaks in Lake City, FL
  • Scratch N Dent at Eastgate Plaza in Pensacola, FL
  • Marcos Pizza at Paradise Shoppes of Perry in Perry, GA
  • Hanami Japanese at Rice Hope in Port Wentworth, GA
  • Southern Spirits at Richmond Hill Plantation in Richmond Hill, GA
  • Chicken Salad Chick at Reedy Branch Commons in Jacksonville, FL

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About Crossman & Company
Crossman & Company is the premier real estate firm focused on serving retail landlords exclusively throughout the Southeast – with offices in Atlanta, Boca Raton and Orlando – representing more than 200 shopping centers in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. The company was founded in 1990 with the goal of providing exemplary service to our clients around four core values: Maintain enthusiastically satisfied clients; Demonstrate servant leadership; Practice kindness, openness and humility; and Develop new talent. For more information, visit the company’s website at www.crossmanco.com.


Crossman & Company receives CoStar Top Sales Firm award for 2014

Orlando, Fla. – Crossman & Company is proud to announce the company’s recognition as a Top Sales Firm by the CoStar 2014 Power Broker Awards.

Each year, CoStar recognizes the top commercial real estate brokerage firms and brokers with the prestigious Power Broker Award, now in its 14th year. As the largest professional research organization serving the commercial real estate industry, CoStar tracks transactions and identifies the top players in the industry.

Crossman & Company’s team also was recognized for their hard work:

  • Leasing Associate, Rochelle DuBrule of Orlando was awarded the Top Retail Leasing Broker award;
  • Senior Leasing Associate, Sherri Mann of Atlanta was awarded the Top Retail Leasing Broker award; and
  • Investment Sales Managing Director, Mark Thompson was awarded the Top Sales Broker award.

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About Crossman & Company
Crossman & Company is the premier real estate firm focused on serving retail landlords exclusively throughout the Southeast – with offices in Atlanta, Boca Raton and Orlando – representing more than 200 shopping centers in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. The company was founded in 1990 with the goal of providing exemplary service to our clients around four core values: Maintain enthusiastically satisfied clients; Demonstrate servant leadership; Practice kindness, openness and humility; and Develop new talent. For more information, visit the company’s website at www.crossmanco.com.


Crossman & Company releases its Q1 2015 Southeast US Market Report

Orlando, Fla. – Crossman & Company analyzed the retailers in the southeast market and assembled a list of tenants that have made announcements – expansions and closures – from late 2014 through the end of the first quarter of 2015.

A four-year study by the FBIC released in 2015 revealed that up to 46 percent of store closure announcements take place within the first quarter of the year.

The retailers have been grouped into three categories using a traffic stoplight metaphor to gauge their financial standings.

Green Light – These are retailers that are doing well and have announced plans for aggressive growth. The list is mostly made up of retailers that specialize in quick-service and fast-casual restaurants, service and fast fashion.

Retailers include Dollar General, Walmart Neighborhood Market and Starbucks.

Yellow Light – Retailers who have had to close a portion of their stores for various reasons and have triggered attention. These retailers have the potential to recover strongly or they may falter in the unstable space they occupy in the market

Retailers include Target, American Eagle Outfitters and JC Penney.

Red Light – These retailers have suffered losses, have filed for bankruptcy or are trending toward unprofitable metrics. Retailers that made the list have failed to evolve their brand in response to the shifting habits of their target demographics

Retailers include RadioShack, Sears Holdings Corp. and Delia’s.

To access a full copy of the Market Research Report we published, please visit www.crossmanco.com and click on the small picture of the report cover to download a copy. If you have any further questions, please contact Jennifer Jackson at jjackson@crossmanco.com.

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About Crossman & Company
Crossman & Company is the premier real estate firm focused on serving retail landlords exclusively throughout the Southeast – with offices in Atlanta, Boca Raton and Orlando – representing more than 200 shopping centers in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. The company was founded in 1990 with the goal of providing exemplary service to our clients around four core values: Maintain enthusiastically satisfied clients; Demonstrate servant leadership; Practice kindness, openness and humility; and Develop new talent. For more information, visit the company’s website at www.crossmanco.com.


Crossman & Company brokers Market Center in Roswell, Ga.

Roswell, Ga. – Crossman & Company arranged the $8.63 million sale of Market Center in Roswell Ga. on Tuesday, March 31 to an investment fund.

The 82,225-square-foot shopping center was built in 1990 and is located on Holcomb Bridge Road in Roswell, Ga. It is anchored by Office Depot and was 56 percent occupied at the time of the sale.

Crossman & Company Director of Investment Sales Brian Carolan and Senior Vice President John Zielinski, CCIM represented the institutional seller.

“This transaction reflects the market’s continued appetite for value-add retail centers in areas with strong demographics,” Zielinski said.

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About Crossman & Company
Crossman & Company is the premier real estate firm focused on serving retail landlords exclusively throughout the Southeast – with offices in Atlanta, Boca Raton and Orlando – representing more than 200 shopping centers in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. The company was founded in 1990 with the goal of providing exemplary service to our clients around four core values: Maintain enthusiastically satisfied clients; Demonstrate servant leadership; Practice kindness, openness and humility; and Develop new talent. For more information, visit the company’s website at www.crossmanco.com.


Crossman & Company Welcomes New Tenant to Lake Olympia Square

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Ocoee, Fla. – Paris Nails joins Lake Olympia Square in Ocoee.

The 87,566-square-foot shopping center is anchored by Winn Dixie and houses Sylvan Learning Center, Lake Olympia Veterinary Hospital, Frank’s Place and Good Homes Preschool as some of its tenants.

Paris Nails has multiple locations in Central Florida including Turkey Lake Road and Altamonte Springs, and is continuing to expand.

Crossman & Company’s landlord representatives Rochelle DuBrule and Katherine Rush worked with tenant representatives Tom Heer and Julia Sosa with Land Qwest Commercial.

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About Crossman & Company
Crossman & Company is the premier real estate firm focused on serving retail landlords exclusively throughout the Southeast – with offices in Atlanta, Boca Raton and Orlando – representing more than 200 shopping centers in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. The company was founded in 1990 with the goal of providing exemplary service to our clients around four core values: Maintain enthusiastically satisfied clients; Demonstrate servant leadership; Practice kindness, openness and humility; and Develop new talent. For more information, visit the company’s website at www.crossmanco.com.


Chase Bank coming soon to Town Shoppes of Bay Isles in Longboat Key

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Sarasota, Fla. – Chase Bank is the newest addition coming to Longboat Key.  Chase Bank will be joining Publix, CVS, J. McLaughlin Clothing and other merchants at the Town Shoppes of Bay Isles shopping center.  Crossman & Company represented the landlord on the new lease.

Town Shoppes of Bay Isles includes the only grocery option on the island and re-opened late 2013 with a revamped upscale Publix prototype.

Senior Associate, Tracy Worrell with Crossman & Company has been working on the leasing since the completion of the redevelopment. Worrell says there is still an excellent restaurant opportunity available that includes a large patio for outdoor seating.

The shopping center’s address is 525 Bay Isles Parkway.

For more information about the property, contact Tracy Worrell at 855-423-5400 or via email at tworrell@crossmanco.com.

About Crossman & Company
Crossman & Company is the premier real estate firm focused on serving retail landlords exclusively throughout the Southeast – with offices in Atlanta, Boca Raton and Orlando – representing more than 200 shopping centers in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. The company was founded in 1990 with the goal of providing exemplary service to our clients around four core values: Maintain enthusiastically satisfied clients; Demonstrate servant leadership; Practice kindness, openness and humility; and Develop new talent. For more information, visit the company’s website at www.crossmanco.com.

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New Shopping Center Added to Crossman & Company’s Portfolio

Orlando, Fla. – Strategically located on 192 in Kissimmee, Plaza del Sol is the shopping center of choice for weekend entertainment, food and shopping.

Plaza del SolThe property was purchased by Canadian Investors in 2013 and the area of the mall known as Mercado was remodeled.

Notable tenants include Ross, Burlington, Planet Fitness, Foot Locker and Florida Technical College’s Kissimmee campus.

Crossman & Company Associate, Rochelle DuBrule is the leasing agent handling all anchor and outparcel opportunities. She can be contacted at (407) 581-6248 or via email at rDuBrule@crossmanco.com.

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About Crossman & Company
Crossman & Company is the premier real estate firm focused on serving retail landlords exclusively throughout the Southeast – with offices in Atlanta, Boca Raton and Orlando – representing more than 200 shopping centers in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. The company was founded in 1990 with the goal of providing exemplary service to our clients around four core values: Maintain enthusiastically satisfied clients; Demonstrate servant leadership; Practice kindness, openness and humility; and Develop new talent. For more information, visit the company’s website at www.crossmanco.com.


ONYX Magazine honors Crossman & Company

Orlando, Fla. – Crossman & Company was awarded ONYX Magazine’s Publisher’s Award for their work in promoting real estate education in all historically black colleges and universities.

John Crossman accepted the award on behalf of Crossman & Company at the 11th annual ONYX Awards on Saturday, March 28. The Publisher’s Award is presented to an individual or company that had provided dedicated service, consistent advocacy and outstanding leadership to the higher education community on a regional or state level.

ONYX Publisher's Award

“We’re thrilled to be recognized with this esteem honor. Real estate is important in all communities,” Crossman said.

“The ONYX Awards serves as the premiere event in Florida to celebrate and recognize the accomplishments and contributions of African-Americans and those of African Diaspora,” said ONYX Magazine Publisher Rich Black. “We are delighted to pay tribute to a stellar group of individuals and companies that are making a difference throughout the state in the areas of business, sports, education and community service.”

The ONYX Awards serves as a fundraiser for the Tri-County Sickle Cell Association, The Young Fathers of Central Florida and the literacy program for the Orange County Jr. Wildcats and Polk County Rattlers. The awards also paid tribute to Florida’s four historically black colleges and universities – Bethune-Cookman University, Edward Waters College, Florida Agricultural and Mechanical University and Florida Memorial University.

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About Crossman & Company
Crossman & Company is the premier real estate firm focused on serving retail landlords exclusively throughout the Southeast – with offices in Atlanta, Boca Raton and Orlando – representing more than 200 shopping centers in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. The company was founded in 1990 with the goal of providing exemplary service to our clients around four core values: Maintain enthusiastically satisfied clients; Demonstrate servant leadership; Practice kindness, openness and humility; and Develop new talent. For more information, visit the company’s website at www.crossmanco.com.

 


Chicago-based Fat Papa’s ventures into Florida with two locations

Orlando, Fla. – The Chicago-based Fat Papa’s opens two Florida locations – in Fort Lauderdale and Manalapan.

The Fort Lauderdale restaurant will be 2,400 square-feet and located within Galt Ocean Marketplace, located at 3700 N. Ocean Blvd. The 105,589-square-foot shopping center is anchored by Winn-Dixie, Starbuck’s and CVS and houses such establishments as Bank of America and Dunkin’ Donuts.

The Manalapan restaurant will be 2,865 square-feet and located within Plaza Del Mar, positioned at the intersection of A1A and East Ocean Avenue. The shopping center is 102,715 square-feet and Fat Papa’s will join SunTrust, Allstate Insurance, Plaza Theater and other merchants at the shopping center.

The shopping centers are owned and managed by Kitson & Partners. Kim Fitzgerald and John Fitzgerald with Crossman & Company represented the landlord.

Fat Papa’s specializes in hot dogs and Italian sausage.

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About Crossman & Company
Crossman & Company is the premier real estate firm focused on serving retail landlords exclusively throughout the Southeast – with offices in Atlanta, Boca Raton and Orlando – representing more than 200 shopping centers in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. The company was founded in 1990 with the goal of providing exemplary service to our clients around four core values: Maintain enthusiastically satisfied clients; Demonstrate servant leadership; Practice kindness, openness and humility; and Develop new talent. For more information, visit the company’s website at www.crossmanco.com.