Crossman & Company Negotiates $3.3 Million Sale

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 Ranks Retail Tenant Activity: Findings in 1st Quarter Southeast US Market Report Available Online

Orlando, Fla. – Crossman & Company, one of the Southeast’s largest retail leasing, property management, and investment sales firms, has released its much anticipated 1st Quarter 2016 Southeast US Market Report Update, Ranking Retail Tenant Activity: Stop, Wait Grow!

“The first quarter report is an assessment of analytical data that reflects those retailers with bright futures, as well as those that may have to make critical adjustments to maintain their market position, grow, or even survive. We’ve evaluated public and private companies and summarized their plans and strategy heading into the remainder of 2016,” said Crossman & Company President John Crossman, CCIM, CRX.

The six-page report analyzes a wide range of retailers and their relative health and stability as indicated by announcements of store openings and closings, earnings reports, forecasts, and market activity. Groups of retailers are categorized by well-defined red, yellow, or green light designations:

Red – Retailers who have consistent losses over a number of years, filed for bankruptcy, or are trending downward. Retailers on red must evolve to suit the needs of their customers, and even “safe” categories like fast casual dining, athletic wear, and grocers need to be aware of their position in the market.

Yellow – Companies that have triggered public attention with store closures. They can reposition themselves, but are vulnerable if they misstep. It’s a cautious tale for retailers forging mergers and acquisitions to stay afloat in an increasingly complex and competitive market.

Green – Those leading the pack, and have announced major initiatives to capitalize on their momentum. Discount retailers serving price-conscious consumers continue to see strong gains as do Internet-resistant stores. Understanding the need to pair convenience and price when considering the retail mix is rewarded.

Some of the Crossman & Company report’s insightful findings:

  • Stores with relatively poor performance, locations in non-strategic markets, and those with lower demand from shoppers are getting the ax in favor of reinvesting resources in Class A locations and premium markets.
  • Pairing complementary concepts and retailers is helpful for anchors looking to mitigate rent costs and draw customers with strong brand names.
  • Some retailers are considering mergers and acquisitions in the face of disruptive healthcare reform and ecommerce forces.
  • There is no “safe bet” category; retailers must constantly evolve to stay relevant.

For a copy of the 1st Quarter 2016 Southeast US Market Report Update, Ranking Retail Tenant Activity: Stop, Wait Grow! visit www.crossmanco.com.

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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 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.


Crossman & Company Earns CoStar Awards for Top Leasing Company and Power Brokers in Major Southeast Markets

Orlando, Fla. – Crossman & Company is proud to announce the company’s recognition as a Top Leasing Company by the CoStar 2015 Power Broker Awards.

Each year, CoStar recognizes the top commercial real estate brokerage firms and brokers with the prestigious Power Broker Award, now in its 16th year. As the nation’s leading real estate information company, CoStar rankings include real estate companies based on transaction volume and dollar value, identifying the top players in the industry.

CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces, and recipients of the 2015 CoStar Power Broker™ Awards are recognized as professionals who perform at the highest levels in commercial real estate brokerage.

Crossman & Company’s team also was recognized for their hard work:

  • Senior Leasing Associate, Rochelle DuBrule of Orlando was awarded the Top Retail Leasing Broker award;
  • Senior Leasing Associate, Tracy Worrell of Orlando was awarded the Top Retail Leasing Broker award;
  • Leasing Associate, Tyler Wilkins of Orlando was awarded the Top Retail Leasing Broker award;
  • Senior Leasing Associate, Sherri Mann of Atlanta was awarded the Top Retail Leasing Broker award;
  • Senior Leasing Associate, Amanda Steidtmann of Atlanta was awarded the Top Retail Leasing Broker award;
  • Senior Leasing Associate, Sandra Woodworth of Tampa was awarded the Top Retail Leasing Broker award; and
  • Senior Leasing Associate, John Fitzgerald of Boca Raton was awarded the Top Retail Leasing Broker award.

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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 and Orlando – representing more than 300 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.


Crossman & Company Selected to Lease and Manage City Lake Pointe on International Drive

Orlando, Fla. — Crossman & Company, one of the largest retail leasing, property management and investment sales firms in the Southeast, has been named exclusive broker to lease and manage City Lake Pointe, a 60,000 square foot, mixed-use property located on International Drive. Christie Alexander, director of brokerage services, and Thomas Bolen, business development specialist, are responsible for leasing on-site retail, restaurant, and office space.

City Laky Pointe, the home of Orlando attraction “Escapology,” fronts on International Drive, and is surrounded by 17+ multifamily properties, resorts, and timeshare complexes with more than 7,500 residential units in the immediate area, and growing. City Lake Pointe is just 2 miles from SeaWorld and 3 miles from the Orange County Convention Center.

According to Alexander, “City Lake Pointe’s location in the tourist corridor is ideal, with a customer base of permanent residents, as well as visitors. With more than 62 million visitors coming to Orlando this year, City Lake Pointe is well-positioned to provide retail, office, and service establishments with a terrific location from which to do business.”

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 over 25 million square feet in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina and Virginia. 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 on City Lake Pointe or for more information contact Megan Bobiak at mbobiak@crossmanco.com or (407) 581-6247.