Monthly Archives: January 2017

Crossman & Company Closes Sale of Two Centers

Carolan works with buyers, sellers to complete deal

Casselberry, Fla. – Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, has negotiated the sale of Greater Mall and Summit Plaza I & II in Casselberry, Fla. to MMI Development, Inc. of Winter Park, Fla.

Crossman & Company’s Managing Director Brian Carolan represented the seller, Greater Properties, Inc. of Casselberry, Fla., in the $5.2 million transaction.

Greater Mall (400­480 S.R. 436) and Summit Plaza I and II (1015­1033 S.R. 436) with just under 53,000 square feet each. They are 70 percent occupied. The centers feature retail and office space. Tenants include Hungry Howie’s, Mechanics Plus, Green Bar Irish Pub & Wings.

“The strengths include high traffic counts and tremendous visibility along S.R. 436. There’s great population density,” Carolan continued. “It’s one of the most heavily traveled thoroughfares in Central Florida. These should produce great retail opportunities.”

Carolan has been working with Greater Properties Inc., the original developer of the 20-year old properties, on divesting their portfolio. Greater Mall and Summit Plaza I and II are their final two.

After establishing relationships with the buyers, Carolan began discussing the properties in mid­summer.

“Historically, the buyers have been multifamily developers, but wanted to get into more retail,” Carolan added.

Serving Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina, Mississippi and Virginia with offices in Orlando, Tampa, Miami, Boca Raton, Fla. and Atlanta Ga., Crossman & Company has experience selling shopping centers, single-tenant, triple-net assets, as well as mixed-use and lifestyle properties.

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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, Tampa, Miami and Orlando – representing more than 374 shopping centers and 28 million square feet in Florida, Georgia, Alabama, Tennessee, South Carolina, Virginia, Mississippi 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 Lauds Boys & Girls Clubs Role in Inspiring, Helping Children

Orlando, Fla. – Crossman & Company President John Crossman has witnessed first-hand how the Boys & Girls Clubs of Central Florida has helped inspire hope and create opportunity for at-risk children in four counties at over 30 clubs.

“The Boys & Girls Clubs of Central Florida provide a safe environment to grow and learn for over 14,000 children every year. Exceptional youth development programs meet diverse needs to help children realize their full potential as productive, responsible and caring citizens,” noted Crossman, a member of the Boys & Girls Clubs of Central Florida board of directors.

In 1944, the “Orlando Boys’ Club” opened its doors. By the end of the 1950s, it had become an official branch of Boys Clubs of America and had over 500 members. In 1988, to better reflect a growing mission, they changed the name to Boys & Girls Clubs of Central Florida.

“The depth of what has been accomplished over seven decades is very impressive. There is much more to be done as the clubs effectively adapt to meet the significant needs of a growing number of Central Florida at-rick youth that can benefit from the programs and outreach,” noted Crossman.

On-going programs include character and leadership development, health and life skills, education and career development, a popular visual art, crafts, performing arts and creative writing program and strengthening mind and body through sports, fitness and recreation.

“Serving four counties, the width Boys & Girls Clubs of Central Florida’s outreach matches the enormous scope of the programs and activities it offers,” said Crossman, president of one of the Southeast’s largest retail leasing, property management and investment sales firms.

Orange County branches include Apopka, Downtown Orlando with the Coalition for the Homeless Campus, the Joe R. Lee Branch in Eatonville, Jackson Center, the Taft Branch with the Sphaler Activity Center, Universal Orlando Foundation Branch, Walt Disney World Clubhouse and the West Orange Recreation Center Branch in Winter Garden. In addition to programs in 14 middle schools.

Osceola County locations include Tupperware Brands Branch, the Buenaventura Lakes Branch with the Robert Guevara Community Center and Poinciana Teen Center all in Kissimmee.

Seminole County has the East Altamonte Branch, the Lillie H. Green Community Center in Altamonte Springs and West Sanford Branch Westside Community Center in Sanford. Brevard County locations include Cocoa Branch, Mims Branch, Temple Terrace Branch in Melbourne.

In addition to John’s role on the board, Crossman & Company Market Analyst Gena Filion also serves on the Boys & Girls Clubs of Central Florida’s marketing committee.

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About Boys & Girls Clubs of Central Florida
Since 1944, Boys & Girls Clubs of Central Florida has provided at-risk children from the local community, between the ages of 6 and 18, with a safe place to learn and grow. Our membership totals nearly 14,000 young people at 30 Clubs and middle school sites in Brevard, Orange, Osceola and Seminole counties. The mission of Boys & Girls Clubs of Central Florida is to inspire and enable all young people, especially those from disadvantaged circumstances, to realize their full potential as productive, responsible and caring citizens. Learn more at 407.841.6855, www.bgccf.org, facebook.com/bgccf or twitter.com/bgccf.

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, Tampa, Miami and Orlando – representing more than 374 shopping centers and 28 million square feet in Florida, Georgia, Alabama, Tennessee, South Carolina, Virginia, Mississippi 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 www.crossmanco.com.


Crossman & Company Signs Tuesday Morning Lease to Join Southgate Shopping Center

Iconic Lakeland, Florida Center Welcomes National Brand

LAKELAND, Fla. (January 16, 2017) – Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, has added Tuesday Morning at the iconic Southgate Shopping Center Lakeland, Fla. to its impressive leasing portfolio.

Tuesday Morning’s commitment to join Publix, Ace Hardware, Office Depot, and other major brands is an exciting addition to the popular shopping destination at 2515 S. Florida Ave. in Lakeland. Publix has been an original tenant since it opened in 1957.

The Southgate Shopping Center is most notable as a historical icon in the community due to the iconic arch that sores 70 feet tall, 67-tons of steel, in to the sky above the shopping center. The arch has been photographed on every conceivable angle and featured in movies, magazines, and newspapers.

“Once again, our experienced and dedicated Crossman & Company leasing team has showed a great ability to connect owners and client landlords like Publix’s Southgate Shopping Center with desired brands and retailers,” said Crossman & Company’s President, John Crossman, CCIM, CRX.

Tuesday Morning will have their grand opening this year and will occupy close to 20,000 square feet.

Tuesday Morning is a national retail chain specializing in both domestic and international closeouts of name brand gifts, soft home, home furnishings, housewares, luggage, toys, seasonal items, gourmet food and fashion accessories for men, women and children.

“We are delighted to bring Tuesday Morning to Southgate. Tuesday Morning stays true to the idea of a “no frills” shopping experience with their focus on designer and name-brand merchandise. This is a prefect compliment to the other great brands at the iconic shopping center,” noted Worrell.

In addition to the new lease with Tuesday Morning, Five Guys Famous Burgers and Fries, renewed their lease, upgraded their restaurant and re-opened in the final quarter of 2016. Hallmark and Babes Shoes & Apparel also renewed their leases.

Serving Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina and Virginia with offices in Atlanta, Orlando, Tampa, Boca Raton and Miami, Crossman & Company has 28 million square feet under leasing and management comprising of 374 properties.

For more information contact Tracy Worrell at (407) 581-6219 or  tworrell@crossmanco.com. Visit www.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, Tampa, Miami and Orlando – representing more than 374 shopping centers and 28 million square feet in Alabama, Florida, Georgia, Mississippi, North and South Carolina, Tennessee, and Virginia. 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.

 


Mattress Barn Leases Space in Popular Palm Bay Commons

Crossman & Company’s Bolen inks deal as shopping center is fully leased

MELBOURNE, Fla. (January 8, 2017) —  Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, has added Mattress Barn to impressive leasing portfolio for Palm Bay Commons in Palm Bay, Fla.

Crossman & Company Associate Thomas Bolen finalized the agreement for 4,500 square feet in the 9,000-square foot shopping destination located at 1105 Palm Bay Road in Palm Bay, Fla.

The experienced Crossman & Company team continues to show the ability to connect owners and client landlords like Palm Bay Commons with niche retail tenants.

“Once we engaged Thomas Bolen with Crossman and Company, we immediately had interest through his firm’s industry connections. It wasn’t long after that and we had multiple Letters of Intent from parties interested in leasing our space,” said Palm Bay Commons owner Ryan Hinricher of Investor Nation.

The 9,000 square-foot center is located along the northern side of busy Palm Bay Road. Palm Bay Road is an east-west major road that connects the I-95 to US 1 along the Melbourne/Palm Bay beachfront just a couple miles away.

“Our goal was to stabilize the property; we accomplished that. The former tenant Mattress One moved west to the new I-95 interchange project. Our client faced no lapse in rent because we were able to backfill that space immediately with Mattress Barn,” noted Bolen.

Palm Bay Commons is in the shadow of by BJ’ s Wholesale and surrounded by significant retail brands such as a Walmart Supercenter, Walgreens, Starbucks, Golden Corral Buffet & Grill, Office Depot, Chick-Fil-A and Denny’ s.

Mattress Barn was represented by Duane Watson of Watson Commercial Real Estate of Merritt Island, Florida.

Serving Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina and Virginia with offices in Atlanta, Orlando, Tampa, Boca Raton and Miami, Crossman & Company has 27.1 million square feet under leasing and management comprising of 340 properties.

Photo: Palm Bay Commons

Palm Bay Commons

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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, Tampa, Miami and Orlando – representing more than 374 shopping centers and 28 million square feet in Alabama, Florida, Georgia, Mississippi, North and South Carolina, Tennessee, and Virginia. 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 Inks Central Florida Center Sale

Fully leased shopping center in Altamonte Springs

Altamonte Springs, Fla. — Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, has announced the sale of Landing Towne Shoppes, a 13,682-square foot shopping center at 580 Cape Cod Lane in Altamonte Springs, Fla.

Crossman & Company Managing Director Brian Carolan represented the seller, Greater Properties, Inc. of Casselberry, Fla., in the $1.7 million deal. Landing Towne Shoppes sits on 2.2 acres.

Landing Towne Shoppes is located at a signalized intersection on busy State Road 434 and offers suites overlooking a beautiful lake with fountain views,” Carolan said.

The Center’s infill location will ensure strong occupancy for the foreseeable future.

The buyer is Secure Communications Lake Nona LLC of Altamonte Springs, Fla.

Serving Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina and Virginia with offices in Atlanta, Boca Raton, Tampa, Miami and Orlando, Crossman & Company has experience selling shopping centers, triple-net assets, as well as mixed-use and lifestyle properties.

For more information contact Brian Carolan at (407) 581-6242 or bcarolan@crossmanco.com or visit www.crossmanco.com.

Photo: Landing Towne Shoppes

Landing Towne Shoppes

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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, Tampa, Miami and Orlando – representing more than 340 shopping centers and over 25 million square feet in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina and Virginia. 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.

 


Commitment to Shaping Industry Leaders Continues

Crossman & Company Donates to Scholarships at State HBCUs

Dorian MixonOrlando, Fla. – Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, today announced it has donated to scholarship funds at Bethune-Cookman University in Daytona Beach and the Florida A&M University Foundation in Tallahassee.

Scholarship recipients are Florida A&M’s Maya Mitchell and Bethune-Cookman University’s Dorian Mixon.

“Our industry is always looking for students who have excellent grades and other qualifications to become future leaders. Our donations continue a long record of commitment to supporting diversity in the commercial real estate industry through higher education,” noted Crossman & Company President John Crossman, CCIM, CRX.

Crossman & Company’s heralded initiative, now in its third year, helps students acquire a high-quality college education at an affordable cost, develops leaders of tomorrow and connects high performing students with top tier employment opportunities in the commercial real estate industry.

“Part of our core values as a company are professional development, education and diversity to develop future leaders in our industry. From fundraising to mentoring and hiring students, we go beyond being advocates but actively participate in the process,” Crossman added.

Florida A&M University Foundation, Inc. was established with a specific mandate to serve as a custodian of contributions from the private sector, alumni, friends, and industry. The Foundation receives, invests and administers funds.

Bethune-Cookman University scholarships recognize academic excellence. Their major purpose is to encourage outstanding students and assist them along the path to leadership and service to humanity.

In July 2014, Crossman & Company proposed the “HBCU Real Estate Education Plan.” As a leader in the commercial real estate industry, the firm realized that very few HBCU students are offered the opportunity to study real estate as a business discipline. The goal of the initiative is to encourage HBCUs to promote the study of fundamental principles of real estate at a select group of HBCUs in the southeastern United States.

“We are honored to have the continued support of John Crossman and the Crossman family,” said Ida D. Wright; Dean College of Business and Entrepreneurship, 2016. “Bethune-Cookman University has long been recognized by the State of Florida as a Real Estate school and now with the help of Mr. Crossman’s support and generosity we can teach our students like Dorian Mixon the importance of land acquisition and building generational wealth. Dr. Bethune would be quite proud.”

Serving Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina and Virginia, Crossman & Company now has 27.1 million square feet under leasing and management comprising of 347 properties. Crossman & Company has experience selling shopping centers, strip malls, single-tenant, triple-net assets, as well as mixed-use and lifestyle properties.

Crossman & Company has created a Commercial Real Estate Guide about making the right career choices. The free guide is available for download in English, Spanish, Portuguese and now French at www.crossmanco.com. There are also several educational videos on the firm’s growing YouTube Channel.

For more information, visit www.crossmanco.com or call (407) 423-5400.

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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, Tampa, Miami and Orlando – representing more than 374 shopping centers and 28 million square feet in Florida, Georgia, Alabama, Tennessee, South Carolina, Virginia, Mississippi 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 www.crossmanco.com.


Crossman & Company Announces Sale of Georgia Center

Shopping destination located 30 minutes from Atlanta

HIRAM, Ga.  (January 5, 2017) — Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, has negotiated the sale of Paulding Exchange Shopping Center, a 53,380-square foot shopping destination at 4484 Jimmy Lee Smith Parkway in Hiram, Ga.

Crossman & Company’s John Zielinski and Brian Carolan represented Torchlight Investors and Javier Callejas in the $4.4 million transaction.  Paulding Exchange Shopping Center is currently 94 percent leased and sits on 7.8 acres.

Crossman & Company has built a solid track record of connecting investment sales clients with qualified buyers and sellers.

The buyer is a private investor from the Atlanta area who retained Crossman & Company for leasing and management.

Serving Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina and Virginia with offices in Atlanta, Boca Raton, Tampa, Miami and Orlando, Crossman & Company has experience selling shopping centers, triple-net assets, as well as mixed-use and lifestyle properties.

 For more information contact Brian Carolan at (407) 581-6242 or bcarolan@crossmanco.com or visit www.crossmanco.com.

Photo: Paulding Exchange Shopping Center

Paulding Exchange Shopping Center

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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, Tampa, Miami and Orlando – representing more than 374 shopping centers and 28 million square feet in Florida, Georgia, Alabama, Tennessee, South Carolina, Virginia, Mississippi 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 Signs Two New Tenants for Center

Shoppes of Southland hits 100% leased plateau with additions

Orlando, Fla. – Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms has announced that the Shoppes of Southland at 7400 Southland Blvd. in Orlando, Fla. is now fully leased with two additions to its impressive leasing portfolio.

  • A new lounge, 123 Happy Place leased 2,800 square feet. Trust Realty’s Daniel Oliveras Laguna of New York City represented the tenant in the transaction.
  • Southland Chiropractic, Inc. leased 1,768 square feet and will offer a range of services including rehab exercises, Yoga/Chiropractic, Fitbit, massage therapy, ultrasound, posture assessment, nutrition and diet counseling.

The experienced Crossman & Company leasing team continues to show the ability to connect owners and client landlords with unique brands, professional services and retailers. Associate Kyrstin Friebis represented the popular shopping destination.

“We are very excited to have signed new leases with these great tenants,” Friebis said. “Southland Chiropractic, Inc. are experienced and well known, so a highly visible and accessible center is an excellent location for their practice.”

A neighboring center to Home Depot, The Shoppes at Southland is located at a signalized intersection on Orange Blossom Trail and totals 22,075 square feet.

Crossman & Company’s landlord client is 303 E 33 Street, LLC, consisting of John Minio and his two sons, Chris and John Jr., and originated in New York City.

Serving Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina and Virginia with offices in Atlanta, Orlando, Tampa, Boca Raton and Miami, Crossman & Company has 27.1 million square feet under leasing and management comprising of 340 properties.

For more information contact Kyrstin Friebis at (386) 316-9179 or kfriebis@crossmanco.com or visit www.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, Tampa, Miami and Orlando – representing more than 374 shopping centers and 28 million square feet in Florida, Georgia, Alabama, Tennessee, South Carolina, Virginia, Mississippi 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 www.crossmanco.com.