Crossman & Company Brokers 19K SF Office/Retail Center
CLERMONT, FL – Crossman & Company arranged the $1,525,000 million sale of Gateway Center, a 19,196 square foot, office/retail center located at 15701 State Road 50 in Clermont, Florida. Anchored by Centra Care, the property was sold in early January to a private investor.
The center is located at the signalized entrance to the Greater Hills neighborhood along the heavily traveled Florida Highway 50. Gateway Center was 82% occupied at the time of sale and had a great mix of local tenants.
“This deal allowed the original developers to exit their investment at a favorable rate,” said Brian Carolan, Director of Investment Sales with Crossman & Company.
Brian Carolan exclusively represented the Seller to the market during this transaction. He believes that the Gateway Center transaction is continued evidence that the commercial market in the Clermont area is improving significantly.
About Crossman & Company
Crossman & Company was founded in 1990 and is a regional shopping center brokerage firm, which represents over 200 shopping centers in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. For more information, visit the company’s website: www.crossmanco.com.