Crossman & Company Completes Triple-Net Sale of Newly Constructed Dollar General in Northwest Georgia

Crossman & Company Completes Triple-Net Sale of Newly Constructed Dollar General in Northwest Georgia

Atlanta, Ga. – Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, recently completed the sale of a newly constructed Dollar General in Calhoun, Ga.

Crossman & Company represented the seller, Hibbymo Properties-East Calhoun LLC, on behalf of the Georgia-based developer. The team of Chief Operating Officer John Zielinski, CCIM and Director Brian Carolan, and Senior Associate Sherri Mann facilitated the triple net transaction.

“Triple-nets, also known as NNN or net-net-net properties, are appealing to buyers looking for income with little management responsibility,” Zielinski said. “The advantages have fueled a tremendous demand and interest from investors on every level. As with any investment, there are many factors to consider in valuing and structuring the deal.”

Crossman & Company’s experience, unique insight, and knowledge of market conditions and trends pair well with triple net assets, regarded as one of the safest and the most solid commercial real estate investments with dependable revenue.

“We are finding that Investors buy net leased single tenant properties for a variety of reasons such as stable cash flow, attractive financing, equity growth, unique tax benefits and good capital gains,” noted Carolan.

The 9,026 square foot free standing retail building on two acres at 112 Campbell Rd. was bought by a private investment group out of Atlanta, Ga. Dollar General is a national brand that has been in business since 1939.

Serving Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina and Virginia, Crossman & Company has experience selling shopping centers, strip malls, single-tenant, triple-net assets, as well as mixed-use and lifestyle properties.

For more information, visit www.crossmanco.com or call (407) 423-5400.

###

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, Miami, and Orlando – representing more than 340 shopping centers and 25 million square feet in Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina, and Miami. 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.


David Holcombe Joins Crossman & Company’s Growing Atlanta Team As Senior Associate

Atlanta, Ga. – Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, has announced that David Holcombe has joined the leasing team as a senior associate.

Holcombe brings an impressive nine-year industry track record of building relationships, strategic planning, and negotiating new leases and renewals. He has sold and leased commercial real estate retail properties in the Atlanta area and throughout the Southeast by establishing close working relationships with retailers, business owners, landlords, and tenant representation.

“We are delighted David is joining our leasing team, particularly given our growth and the overall positive momentum of the firm in the market,” said Crossman & Company Chief Operating Officer John Zielinski, CCIM. “His passion for the industry, strategic vision and creating deep client relationships reflects our values and goals.”

Holcombe comes to Crossman & Company from WRS Realty in Atlanta, where he was a senior leasing agent. He holds a Bachelor of Business Administration degree in Commercial Real Estate from the University of Georgia.

 

###

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, Miami, and Orlando – representing more than 340 shopping centers and 25 million square feet in Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina, and Miami. 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 Welcomes Phillip Shumny to the Atlanta office

Phillip ShumnyAtlanta, Ga. – Crossman & Company welcomes Phillip Shumny as a Senior Associate – Investment Sales.

Phillip joins Crossman & Company with 26 years commercial real estate experience throughout Georgia and the greater Atlanta area. He most recently worked at Marcus & Millichap, where he specialized in investment-grade retail and office properties. He was also a part the National Retail Group.

Phillip graduated from Georgia State University where he received his Masters of Science in Real Estate.

“Phillip is an outstanding addition to our Atlanta team. As we continue growing our Investment Sales team throughout the Southeast, experienced agents like Phillip will allow us to provide exceptional service to our valued clients” said Crossman & Company President John Crossman, CRX, CCIM.

“Phillip has an excellent track record in Atlanta and truly knows the dynamics of this market. He exemplifies the values of the Crossman & Company brand and we are excited to welcome him to the team.” said Crossman & Company Chief Operating Officer John Zielinski, CCIM.

###

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, Orlando and Tampa – representing more than 200 shopping centers 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.