Monthly Archives: February 2017

Crossman & Company Closes Georgia Center Sale

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.

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

Photo: LaGrange Plaza

LaGrange Plaza

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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 Reveals New Report on Retail Real Estate

Findings in Spring 2017 Southeast US Market Report Available Online

Orlando, Fla. (February 13, 2017) – Crossman & Company, one of the Southeast’s largest retail leasing, property management, and investment sales firms, has just released its much-anticipated Spring 2017 Southeast US Market Report on Retail Real Estate.

“This report is the result of a considerable amount of effort from our research department and the many outstanding relationships that we enjoy throughout the country. Our partnerships with universities, trade organizations and many industry leaders lend a unique and dynamic perspective to this in-depth report,” said Crossman & Company President John Crossman, CCIM, CRX.

The insightful report begins with exploring key topics in the retail industry: an interview with Ross Cooper, Chief Investment Officer with Kimmo Realty, followed by editorial articles on capital markets, retail in Florida, and trends shaping 2017.

After the editorial articles, Crossman & Company identified the 37 of the top markets in the Southeast. Of those 37, they took an in-depth look at the five investment grade markets; the result is called the “Top 5 Deep Dive.”

In addition to reporting fundamental market metrics, Crossman & Company highlights major developments, touches on tenant activity, and updates on the infrastructure of the biggest metropolitan areas in the Southeast: Atlanta, Charlotte, Miami-Dade County, Orlando, and Tampa.

The remaining 32 markets are grouped by state, and the states are listed alphabetically. Crossman & Company organized data from a variety of sources and reported them in an easy-to-navigate infographic, with quotes from industry leaders in those markets. The report offers numerous insights into retail real estate trends.

“One of the interesting insights found that as conventional retailers embrace an online presence, E-retailers are recognizing the advantages brick and mortar provides in the customer experience. The convergence has led to increased demand for space in well-positioned malls and lifestyle / entertainment centers, especially within the urban core,” noted Chandan Economics Analyst, Jonathan O’Kane in the capital markets op-ed.

Crossman & Company is a premier real estate firm with offices in Atlanta, Ga., Orlando, Tampa, Miami and Boca Raton, Fla. focused on serving retail landlords exclusively throughout Alabama, Florida, Georgia, Mississippi, North and South Carolina, Tennessee, and Virginia. Founded in 1990, Crossman & Company has built an ever-growing retail portfolio more than 374 properties and 28 million square feet.

For a copy of the Spring 2017 Southeast US Market Report on Retail Real Estate 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.