LaGrange, Ga. (February 13, 2017) — Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, has negotiated the sale of LaGrange Plaza in LaGrange, Ga.
Crossman & Company’s Chief Operating Officer John Zielinski, CCIM and Managing Director Brian Carolan represented the seller, DCTJPS 312 LaGrange GA, LLC of Delaware, in the $12 million transaction.
The 118,005-square foot retail center sits on over 15 acres and is 97 percent occupied. Tenants include a recently remodeled Publix with a Dollar Tree, Hibbett Sports, Petsense, Aarons and T-Mobile
“LaGrange Plaza is in an excellent location at 139 Commerce Ave., a major retail corridor in Troup County,” said Zielinski. “Just an hour from Atlanta, the city of LaGrange was already growing before Kia Automotive invested over $1.2 billion to build vehicles in nearby West Point.”
Crossman & Company has built a solid track record of connecting investment sales clients with qualified buyers and sellers. The buyer was a private investor represented by Austin Sumner Properties of Athens, Ga.
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 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.