Crossman & Company Negotiates Long-Term Retail Lease at Banks Crossing in Fayetteville, Ga.

New Sears Hometown Store Opening in January


Fayetteville, Ga. – Crossman & Company, one of the largest retail leasing, management and investment sales firms in the Southeast, recently negotiated a seven-year lease agreement for 7,000 square feet at Banks Crossing shopping center located at Highway 441 S. and Interstate 85 North in Fayetteville.

The new tenant, Sears Authorized Hometown Store will open in mid to late January serving Fayette County and the Atlanta south metro area.

Sherri Mann, Senior Associate at Crossman & Company, negotiated the transaction representing the landlord, Nighteingale Realty, LLC based in New York City.

In addition to a broad assortment of Appliances and Lawn & Garden products, the Banks Crossing location of the Sears Hometown Store will also offer Sears Nationwide Service including parts, delivery and installation as well as a pick-up facility for products sold at, according to store manager T.J. Rayford.

The 256,671 square foot shopping center is anchored by J.C. Penney and Kroger.

Other existing tenants include Planet Fitness, Sally Beauty Supply and Cricket Wireless.

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For more information, please contact:

Sherri Mann, Senior Associate, Crossman & Company, 404-514-3517

About Sears Hometown and Outlet Stores, Inc.
Sears Hometown and Outlet Stores, Inc. (NASDAQ: SHOS) is a national retailer primarily focused on selling home appliances, hardware, tools and lawn and garden equipment.  As of May 3, 2014, Sears Hometown and Outlet Stores, Inc.  and its dealers and franchisees operated 1,250 stores across all 50 states and Puerto Rico and Bermuda. In addition to merchandise, Sears Hometown and Outlet Stores, Inc.  provides customers with access to a full suite of services, including home delivery and handling and extended service contracts. Sears Hometown and Outlet Stores, Inc.  operates through two segments—the Sears Hometown and Hardware segment and the Sears Outlet segment. The Sears Hometown and Hardware Segment  stores are designed to provide customers with in-store and online access to a wide selection of national brands of home appliances, tools, lawn and garden equipment, sporting goods, and household goods, depending on the particular store. The Sears Outlet stores are designed to provide customers with in-store and online access to purchase new, one-of-a-kind, out-of-carton, discontinued, obsolete, used, reconditioned, overstocked and scratched and dented products, collectively, “outlet-value products,” across a broad assortment of merchandise categories, including home appliances, lawn and garden equipment, apparel, mattresses, sporting goods and tools, and at prices that are significantly lower than manufacturers’ suggested retail prices.