Category Archives: News & Media

Restaurant Renews Lease in Popular Belle Island Commons

Crossman & Company inks deal as shopping center continues to be fully leased

ORLANDO, Fla. — Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, has renewed Sunflower Chinese Kitchen in its impressive leasing portfolio for Belle Island Commons in Orlando, Fla.

Leasing Associate Tyler Wilkins finalized the renewal agreement with the popular eatery in the shopping destination anchored by a Planet Fitness at 5126 S. Conway Road in Orlando, Fla.

“Sunflower continue to be a great draw for Belle Island Commons, the retail center for the upscale city of Belle, near Downtown Orlando and a neighboring center to Publix,” noted Wilkins. “The 82,093 square foot center is fully leased.”

The experienced Crossman & Company team continues to show the ability to connect owners and client landlords like SJS Belle of New Jersey Commons with niche restaurant and retail tenants. Sunflower Chinese Kitchen is leasing 1,200 square feet.

Located in Orange County, growing Belle Isle has the lowest property taxes, development fees and utility taxes in the county, as well as Community Development Block Grants for infrastructure to expand economic opportunities and development.

Sunflower Chinese Kitchen is a cornerstone in the Orlando community and has been recognized for its outstanding Chinese cuisine, excellent service and friendly staff. The cuisine compliments other dining choices in the center as well as a Starbucks. The restaurant is known for its modern interpretation of classic dishes and its insistence on only using high quality fresh ingredients.

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, please contact Tyler Wilkins, 407-581-6245, twilkins@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 340 shopping centers and over 27.1 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.


Crossman & Company Announces Shopping Center Sale

Shopping destination located in Gainesville’s retail hub

GAINESVILLE, Fla.  — Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, has negotiated the sale of Univeisity Towne Center, an 18,496-square foot shopping center at 3345 SW 34th St. in Gainesville, Fla.

Crossman & Company Managing Director Brian Carolan and Senior Managing Director Bruce Lyons represented the seller, a special servicer located in South Florida, in the $2.8 million transaction. University Towne Center is 65 percent leased and sits on 1.7 acres.

Crossman & Company has built a solid track record of connecting investment sales clients with qualified and sellers and buyers. University Towne Center is no exception.

“University Towne Center is located on the southeast corner of SW34th Street and Archer Road, a hub of retail activity in the city,” noted Carolan. “Close to Shands, the sprawling university campus and thousands of residential units, the center sits in the busiest retail corridor in Gainesville with proximity to Butler Plaza’s additional major retail, dining and entertainment tenants.

The buyer, Pacific West Land of Bainbridge Island, Wash., employs a low-leverage approach, taking a patient and structured approach toward maximizing value.

Founded in 1981, Pacific West Land strategies have included purchasing and zoning land for sale, developing residential and commercial properties, and acquiring and repositioning distressed commercial assets.  They have acquired and managed over 100 properties located in markets such as Southern California, Denver, Las Vegas, Phoenix, Atlanta, and Florida.

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.

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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 27.1 million square feet 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 Announces Shopping Center Sale

Popular shopping destination located in Palm Coast hub

PALM COAST, Fla.  — Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, has negotiated the sale of Cobblestone Village, a 96,891-square foot shopping center at 270 Cypress Edge Dr. in Palm Coast, Fla.

Crossman & Company Managing Director Whitney Knoll, Director of Brokerage Services Christie Alexander and Associate Thomas Bolen represented the seller, CBL & Associates Properties, Inc. (NYSE:CBL) of Chattanooga, Tenn., in the transaction. Cobblestone Village is 97 percent leased.

“Cobblestone Village is a great shopping center asset benefitting from its well-performing tenants and location in one of the state’s most rapidly-growing areas,” said Crossman & Company President John Crossman, CCIM, CRX.  “This property was highly sought after from a variety of institutional and private investors.  Palm Coast continues to realize continued residential and job growth, a trend we expect to continue.”

The Crossman & Company team has built a solid track record of connecting investment sales clients with qualified and sellers and buyers. Cobblestone Village is no exception.

The buyer, RCG Ventures, is a privately funded real estate investment group that acquires and develops commercial real estate. The company’s primary focus is value-add anchored shopping centers with the potential for long-term ownership.

“We are excited about our recent acquisition of Cobblestone Village which fits RCG’s strategy of acquiring well positioned assets in healthy secondary and tertiary markets throughout the country that allows us to add value through best in class leasing and management,” noted Scott Tarbet of RCG Ventures.

Cobblestone Village is in the largest city in growing Flagler County. The center is less than a quarter mile from the I-95 interchange and positioned along Palm Coast’s main corridor, Palm Coast Parkway, with over 35,000 vehicles per day.

The property features national tenants Belk, Carrabba’s, and Anytime Fitness and is contiguous to Lowe’s and Walmart.

CBL is one of the largest and most active owners and developers of malls and shopping centers. CBL owns, holds interests in or manages 136 properties, including 84 regional malls/open-air centers. The properties are in 31 states and total 79.4 million square feet including 7.1 million square feet of non-owned shopping centers managed for third parties.

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

For more information contact Thomas Bolen at (407) -581-6259 or tbolen@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 340 shopping centers and 27.1 million square feet 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 Closes Shopping Center Sale


Parkland Town Center latest investment sales deal

PARKLAND, Fla. – Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, has negotiated the sale of Parkland Town Center, a shopping center at 6600 Parkside Drive in Parkland, Fla. to CHG Real Estate Acquisitions LLC of Boca Raton, Fla.
Brian Carolan
Crossman & Company’s Managing Director, Brian Carolan and Senior Managing Director, Bruce Lyons represented the seller, a special servicer located in South Florida, in the $6 million transaction. Featuring 34,930 square feet of office, restaurant and retail space, Parkland Town Center is 95 percent leased and sits on 5.5 acres.

“Parkland Town Center is in the heart of one of the most sought after neighborhoods in Parkland. This in-fill location creates significant barriers to entry for competing product,” noted Carolan.Bruce Lyons

Serving Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina 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 340 shopping centers and 27 million square feet 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.

 


Orange County Bridge Dedicated to Rev. Kenneth C. Crossman

NBNC - WEB

WINTER PARK, FL – New signs naming the rail bridge over South Orlando Avenue (U.S. 17-92) will soon be unveiled. The Florida State Legislature and Gov. Rick Scott recently designated the bridge near Winter Park as the “Reverend Kenneth C. Crossman Bridge.”

“Reverend Ken Crossman dedicated his life to serving others and building bridges throughout the community to bring people together. I can think of no more fitting tribute to honor his legacy,” said U.S. Senator Bill Nelson.

The measure, Senate Bill 368, gives 37 Florida roads, highways and bridges new honorary names, in honor of fallen soldiers, law enforcement officials and community leaders.

“Reverend Crossman lived his faith and understood that America at its best is an exceptional country. He embodied the pre-eminent words of our founding fathers: ‘We hold these truths to be self-evident: that all men are created equal; that they are endowed by their Creator with certain unalienable rights; that among these are life, liberty, and the pursuit of happiness.’  Reverend Crossman knew that this declaration was a promissory note for future generations and he was dedicated to making sure that the promise of America’s greatness was fulfilled for all its citizens,” said U.S. Senator Marco Rubio.

Whether publicly denouncing the Ku Klux Klan in Georgia or marching for the rights of sanitation workers in South Florida, Rev. Crossman spent over three decades as a religious leader and activist.

“I am honored to have the opportunity to support the efforts to recognize the legacy of one of Central Florida’s most distinguished citizens. The importance of Reverend Crossman’s contributions as a civil rights activist has left a lasting impact on our community, and the dedication tribute of ‘Reverend Kenneth C. Crossman Bridge’ is much deserved,” noted State Senator Randolph Bracy, representing the 11th District.

“Ken Crossman was out front in the battle for civil and equal rights. Those of us who admired him for his stance saw him as a clear beacon on what was right and what was wrong when it came to be treating fellow human beings. As an elected official at the time, it was comforting to have such a visionary to look up to,” said Dick Batchelor, longtime friend and former member of the Florida House of Representatives.

An ardent crusader of human rights and civil liberties, his legacy of victories made him an icon among civil-rights revolutionaries in Central Florida.

“The dedication of the Reverend Kenneth C. Crossman bridge could not come at a more poignant time in our history. This tribute to a civil rights leader and ‘bridge builder’ is a fitting reminder that we all must show compassion for our fellow citizens as we endeavor to pursue happiness and form a more perfect union,” noted George LeMieux, former U.S. Senator from Florida, chief of staff for Florida Governor Charlie Crist and chairman of the law firm of Gunster Yoakley and Stewart.

Known as a community “bridge builder,” Rev. Crossman devoted his energy and know-how to improving black-white relationships. He was the guiding force behind Rebuild, the interfaith housing program, designed to provide affordable housing in impoverished areas.

“Leaders like Reverend Crossman serve as guiding examples for future generations, and it’s so important that we honor important figures in our history like him.  I was proud to play a part in memorializing the vital contributions he made in furthering civil rights and human dignity,” said State Representative Bob Cortes.

Crossman was also instrumental in guiding a summer program that brought black and white children together in a positive, happy learning environment. He regularly attended city, county and state legislative meetings, encouraging lawmakers to remember the disenfranchised and tackle the problem of institutional racism in our state.

“It’s wonderful to see Rev. Crossman honored in this way. He dedicated his life to making our community a better place to work and live. The naming of this bridge is a great symbol of his lifelong work to bridge the gap in civil rights. I’m honored to be a part of the dedication in late September,” said Florida Representative Mike Miller.

Crossman has been saluted as an engaged Christian leader and conscience of the community for his special dedication for reaching the young, the poor and disenfranchised and being a dedicated voice for reasoning together.

“Ken Crossman’s Personal Faith Walk led him to be an active participant in the Civil Rights Movement. The Reverend Kenneth C. Crossman Bridge will stand as a reminder of Ken’s commitment to bridging the gap for equal rights,” said former Orange County Mayor Rich Crotty.

“We are grateful to Rep. Miller, Rep. Cortes, Senator Bracy, Governor Scott, and many others who worked so hard to make this happen,” said Rev. Crossman’s son, John Crossman of Crossman & Company. “Our family is proud to live in a community where our leaders, of all backgrounds and beliefs, believe in bridge building.”

A former businessman, the senior Crossman was a pastor for nearly 35 years, including at First United Methodist Church in Winter Park.

There will be a “Celebration of Bridge Building” at 11:15 a.m. on Sept. 26 at First United Methodist Church in Winter Park.

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Crossman & Company Adds The Lake at Northpoint in Roswell to Growing Atlanta Area Office Portfolio

ATLANTA, Ga.   – Crossman & Company, one of the Southeast’s largest retail leasing, property management, and investment sales firms has added The Lake at Northpoint in Roswell, Ga. to its growing office leasing portfolio.

“Strategically located in the Roswell Opportunity Zone, where new jobs qualify for tax credits, The Lake at Northpoint offers nice views with an attractive, park-like environment with a community lake,” said Crossman & Company Associate Beau Moultrie.

The experienced Crossman & Company leasing team continues to show the ability to connect owners and client landlords with sought after tenants.

The highly desirable Class A building boasts of an attractive lobby, tremendous build out potential with an atrium that maximizes natural sunlight and lake views.

Located at 1805 Old Alabama Road in Roswell, The Lake at Northpoint offers excellent access to GA-400, between North Fulton and Central.

Abundant area amenities include the popular North Point Mall, Verizon Wireless Amphitheater Encore Park In Alpharetta, as well as numerous restaurants, hotels, and other retail.

“We were honored when our client approached us about leasing The Lake at Northpoint. Because of the excellent work that the Crossman & Company team has performed on their impressive portfolio they have entrusted us with more of their commercial real estate assets,” noted Moultrie. “It’s exciting to add value and grow with a client. I look forward to a fruitful relationship going forward.”

Crossman & Company is the premier commercial 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 more information on The Lake at Northpoint contact Beau Moultrie at (404) 449-1261, email bmoultrie@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 370 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.


New Residential Construction Benefiting Lake Howell Area Retailers

CASSELBERRY, Fla.  –  New residential construction in the popular Lake Howell corridor is creating a demand for retail according to Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms.

Howell Branch Corners, a 14,765-square foot open air center is a good example.

“There are new multifamily and single-family communities being built near by the center at the corner of County Road 436 and Howell Branch. The visibility and traffic county will only increase for Howell Branch Corners, already shadow-anchored by Publix, TJ Maxx, Ross and Stein Mart,” said Crossman & Company Associate Rochelle DuBrule.

A residential community with 250 town homes and 458 single-family houses is slated for Howell Branch Road. A 300-unit apartment community is on the drawing board and Allegro Senior Living is also under construction near the center.

“Landlords see an opportunity in new tenants. And retailers are aware of potential new customers and clients being close to their shops and offices. The area around Lake Howell is undergoing some population increases that benefit both,” noted Crossman & Company President John Crossman.

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 in retail and office leasing, property management and investment sales of shopping centers, single-tenant, triple-net assets, as well as mixed-use and lifestyle properties.

For more information contact Rochelle DuBrule, (407) 581-6248 or 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, Tampa, Miami and Orlando – representing more than 385 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 Closes Pensacola Center Sale

PENSACOLA, Fla. (June 24, 2017) – Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, has negotiated the sale of Pine Forest Shopping Center, a 66,827-square foot retail center in Pensacola, Fla.

Crossman & Company’s Managing Director Brian Carolan represented the Miami based seller during the sale to a Midwest private investor in the $1.4 million transaction. Crossman & Company has experience selling shopping centers, single-tenant, triple-net assets, as well as mixed-use and lifestyle properties.

The center located at 7859 Pine Forest Road sits on over 9 acres. The property is centrally located, with quick and easy access to I-10. Tenants include Pinch A Penny and Subway.

“The center is very close to several military bases and is situated in an area of strong growth,” noted Carolan.

Crossman & Company is the premier commercial 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 385 properties and 28 million square feet.

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

crossman

Pine Forest Shopping Center in Pensacola, Fla.

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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 370 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 Closes Tennessee Sale

SHELBYVILLE, Tenn. (June 11, 2017) – Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, has completed the sale of a Sherwin-Williams location in Shelbyville, Tenn.

“Tennessee’s retail market is rebounding, producing an appetite for opportunities around the state, especially in emerging markets,” explains Crossman & Company Chief Operating Officer John Zielinski, CCIM. “Our marketing process produces interest from a variety of qualified public and private investors as well as owners and landlords. We understand a center’s demographics, curbside appeal and growth potential.”

Sherwin Williams, located at 200 Land Parkway, was sold to Covington Spring Lake Acquisition 14, LLC of Atlanta, Ga. The 3,820-square foot building is situated on one acre.

Crossman & Company Senior Associate Phil Shumny represented the sellers, John and Marilyn Hart, in the $205,250 transaction. Crossman & Company’s team has a reputation for connecting clients with retail properties featuring national brands like Sherwin-Williams.

Crossman & Company is the premier commercial 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 more information, contact Phillip Shumny at (770) 817-4798 pshumny@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 370 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 Announces JobPath Partners Lease

Veterans-focused career advancement service opens office in Winter Park

Winter Park, Fla. – Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, has added JobPath Partners in Winter Park, Fla. to its growing office leasing portfolio.

Director of Brokerage Services Christie Alexander finalized the deal bringing JobPath to 601 N. New York Ave. in Winter Park. Asia Saltmarsh represented the landlord.

Convenient to downtown Winter Park, the prime location is within walking distance to Park Avenue restaurants, shops and the SunRail station. The building offers plenty of parking and use of two conference rooms.

Established nationally in 2013, JobPath leased 110 square feet bringing the center to full capacity. JobPath is the leading tool for veterans transitioning from the military by providing online job training linked to real job opportunities.
Crossman & Company is the premier commercial 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 385 properties and 28 million square feet.

For more information, contact Kyrstin Friebis at (386) 316-9179 kfriebis@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 385 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.