Crossman & Company Negotiates $3.7 Million Sale of Pensacola Retail Center

Brian CarolanOrlando / Pensacola – Crossman & Company, one of the largest retail leasing, management and investment sales firms in the Southeast, recently completed the sale of Shoppes at Milestone, a neighborhood retail center at 2160 W. Nine Mile Rd. in Pensacola, Florida.

Bruce Lyons, Crossman & Company’s Senior Managing Director and Brian Carolan, Director of Investment Sales, negotiated the transaction representing the seller.

The buyer, Westwood Financial Corp. of Los Angeles, paid $3,675,000 for the center, which was 100 percent leased at the time of sale.Bruce Lyons

Shoppes at Milestone was built in 1996 and updated in 2000 and is shadow-anchored by Publix Super Markets, Inc. Major tenants include Jersey Mike’s, Hot Heads Burritos, H&R Block, Cricket Wireless, Papa Murphy’s and Enterprise Rent-a-Car.

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For more information please contact

Brian Carolan, Director of Investment Sales, Crossman & Company, 407-581-6242 bcarolan@crossmanco.com

Bruce Lyons, Senior Managing Director, Crossman & Company, 407-581-6230 blyons@crossmanco.com