Crossman & Company Negotiates Lease Agreement with World of Beer for 5,200 square feet at University Towne Center in Gainesville


GAINESVILLE — Rochelle DuBrule of Crossman & Company, one of the largest retail leasing, investment sales and management firms in the Southeast, recently negotiated a long-term lease at University Towne Center,  which is located at 3265 SW 34th St. in Gainesville.

DuBrule represented the landlord during the lease negotiation. University Towne Center, which is situated at the intersection of 34th Street and Archer in the busiest retail corridor in Gainesville, includes tenants such as YouFit, EarthFare, Peach Valley, Carrabba’s and Tropical Smoothie.

World of Beer, a craft beer tavern offering beers from around the world, is the new tenant who leased the 5,200 square foot unit at the center.  “World of Beer has an outside patio and live musical performances on weekends,” DuBrule said.

Jason Hurst of Front Street represented the tenant in the transaction.

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For more information please contact

Rochelle DuBrule, Associate, Crossman & Company, 407-581-6248

Crossman & Company brings Publix-anchored center Cornerstone at Lake Mary to 100% occupancy

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Tyler Wilkins of Crossman & Company, one of the largest retail leasing, management and investment sales firms in the Southeast, recently negotiated a long-term lease at Cornerstone at Lake Mary and brought the 63,924 square foot shopping center to 100 percent occupancy.

Wilkins represented the Orlando-based landlord Cornerstone at Lake Mary, LTD in the transaction. 

Florida Autism Center is the new tenant who leased the 3,324 square foot outparcel building at the center located off of H.E. Thomas Parkway on Rinehart Road in Lake Mary.

Tallahassee-based Florida Autism Center serves children with a variety of development disabilities and currently has five locations throughout central and north Florida.

Other major tenants at the Publix-anchored shopping center include Leslie’s Pools, Jersey Mikes and Giovanni’s Italian Restaurant & Pizzeria.

Crossman & Company Associate, Tyler Wilkins states, “Considering the strength of the market and the quality of Cornerstone at Lake Mary, it is no surprise that we reached 100% occupancy in such a short period of time.”

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For more information please contact

Tyler Wilkins, Associate, Crossman & Company, 407-581-6245

Trends Study: Health Care Providers seeking more space in Retail Real Estate

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Orlando, FL — A quarterly study of retail property trends in the southeastern U.S. indicates health care providers may be a significant growth market for retail shopping centers over the next decade.

Two major demographic trends are sparking the change, according to Health Care Reform: Changing Retail Real Estate, published by Crossman & Company, one of the largest third party retail leasing, management and investment sales firms in the Southeast.

Since the Affordable Care Act went into effect more than 17 million Americans have joined the U.S. health care system, and that number is projected to top 30 million by the end of the decade.

In addition, an average of 1,500 Baby Boomers reach retirement age every day in the U.S. and qualify for Medicare.

Both of these demographic waves result in significant additional demand for health care services from consumers who tend to be more cost-conscious. On the other side of the equation, ACA and Medicare requirements are increasing costs and reducing compensation for health care providers.

The Crossman report cites another major trend that makes retail centers so appealing to health care providers.

Employers are shedding the traditional model of working directly with insurance brokers for their employees’ coverage. They are giving their employees a preset contribution to apply toward health care and shifting the burden of choice to workers, and that means cost will be a principal factor in choosing providers.

For health care providers, those trends point the way toward less expensive facilities that are closer to the people who use them.

The Crossman report identifies several factors that appeal to health care tenants, including: good parking, higher ceiling heights, spaces that can accommodate separate HVAC and plumbing systems, options for storage of secure health records to maintain HIPAA standards, resources for the disposal of medical waste, increased use of utilities, specialized janitorial and security services and easy access for patient pick-up and drop-off.

The report concludes that while medical uses in retail centers may require more investment and higher attention to lease negotiations, medical tenants can offer great credit, longer lease terms, and be a positive traffic draw to the center.

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For more information, please contact:

Jennifer Jackson, Crossman & Company (407) 581-6231

Crossman & Company Negotiates $5.5 Million Price in Sale of Neighborhood Retail Center in Austell, Ga.

eastwest1Atlanta / OrlandoCrossman & Company, one of the largest retail leasing, management and investment sales firms in the Southeast, recently negotiated a $5.5 million price in the sale of the East West Shoppes, an 85,565 square foot neighborhood retail center in Austell, Ga. in the Atlanta MSA.

Brian Carolan, Crossman & Company’s Director of Investment Sales, along with Senior Managing Director, Bruce Lyons and the firm’s Chief Operating Officer in Atlanta John Zielinski, represented the seller in this transaction.

The seller is Miami-based special servicer. A Boca Raton private investor is the buyer of the retail center.

East West Shoppes consists of five buildings on a 15.74 acre parcel at 1025 East-West Connector in Austell in Cobb County. The center was constructed in phases between 2001 and 2004 and was 75 percent leased at the time of the sale.

Major tenants include Starbucks, Discount Tires, American Family Insurance and Apex Animal Hospital.

Crossman & Company will continue to lease and manage East West Shoppes.

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For more information please contact

Brian Carolan, Director of Investment Sales, Crossman & Company, 407-581-6242

Bruce Lyons, Senior Managing Director, Crossman & Company, 407-581-6230

John Zielinski, CCIM, Chief Operating Officer, Crossman & Company 770-541-0861