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.

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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, 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 Negotiates $3.3 Million Sale

Orlando, Fla. — Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, recently completed the sale 114,497 square feet of retail space at 5176 W. Colonial Drive, Orlando, Fla to First Oriental Real Estate.

Crossman & Company Director Brian Carolan represented the seller, SD 228 Investments of Hillsborough, LLC of Tampa, Fla, in the $3.3 million transaction.

“This was a great redevelopment opportunity in a densely populated area of Orlando.

Over 44,000 cars pass by the site daily while national retailer such as Aldi’s, dd’s Discounts and Family Dollar are located in nearby centers,” noted Carolan.

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.

George Qiao of AAA Global Ventures represented the buyer in the sale of the 10-acre site.

 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 25 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.

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EDITOR’S NOTE: To arrange an interview with Brian Carolan or for more information contact Megan Bobiak at mbobiak@crossmanco.com or (407) 581-6247.


Crossman & Company Opens Miami Office

South Florida expansion reflects retails’ strong performance

Miami, Fl. – Crossman & Company, one of the Southeast’s largest retail leasing, property management, and investment sales firms has expanded further into the South Florida market with the opening of a new office in Miami.

“Our services and expertise are perfectly tailored to the high demands of the South Florida market. As the challenges for national, as well as local and regional retailers increase, we have the tools, relationships, and knowledge to match them with the right property,” said Crossman & Company President John Crossman, CCIM, CRX. “The growth isn’t stopping, and we intend to help owners and landlords build upon it.”

As developers and mall operators renovate and magnify shopping centers and retail space across Miami-Dade, Crossman & Company is in an enviable position to strategically market and lease available space, as well as new planned shopping destinations.

“We are excited about our growth and look forward to meeting client’s requirements with a stronger local presence in the Miami-Dade area,” said Crossman & Company Chief Operating Officer John Zielinski, CCIM. “The tourist dollars pouring into Miami, as well as robust regional demographics, make retail strong.”

South Florida’s economic growth since the recession, combined with the influx of new residents moving into the state, have resulted in a ramp-up of the retail landscape. Miami outsold higher-profile shopping destinations such as New York and Los Angeles – according the latest research by the International Council of Shopping Centers.

Serving Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina, Crossman & Company also has an office on Boca Raton, Fla.

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

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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, 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.

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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, 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.