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Crossman & Company Closes Sale on Marketplace Shopping Center

ORLANDO, Fla. - Jan. 24, 2014 - PRLog -- MADISONVILLE, Tenn. — January 24, 2014

Marketplace Shopping Center, a 39,400 square foot neighborhood shopping center anchored by a dark Food Lion, has been acquired by a private buyer. This transaction represents the second property sold in Tennessee and the eighth property sold in the last nine months by Crossman & Company.

Senior Vice President John Zielinski said “the dark anchor space created some challenges but we were able to find an owner-user while simultaneously negotiating a buyout of the anchor lease.  This structure helped ensure that we achieved the best price for our institutional client.”

“Retail anchors, both traditional and non-traditional, have increasingly sought to buy the entire shopping center rather than just leasing their individual space,” said Director, Brian Carolan.

Contact Information

Name   Claire Pagán

Phone  407.581.6223 | Email  cpagan@crossmanco.com

About Crossman & Company

Crossman & Company was founded in 1990 and is a regional shopping center brokerage firm which represents over 200 shopping centers in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. For more information, visit the company’s website: www.crossmanco.comOrganizational Announcements

Brooke Shanks

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Source:Crossman & Company
Location:Orlando - Florida - United States
Industry:Real Estate
Tags:Cre, Crossman&Co, Realestate, Madisonville
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