ORLANDO, Fla. - Commercial development in the Lake Nona area will play a leading role in Central Florida’s economic recovery, says a prominent retail property broker who is a frequent lecturer in college and university real estate programs.
“Central Florida has long relied on its thriving tourism and services industries as our hedge against downturns in economic cycles,” said John Crossman, CCIM, president of Crossman & Company commercial real estate and one of the leading retail property brokers in the region.
“Commercial development in the Lake Nona area, which centers on medical research, health care and medical facilities, will change the face of Central Florida and add an enormous engine to our local economy,” Crossman said.
The University of Central Florida College of Medicine and the Burnham Institute for Medical Research facilities that are under development now provide a tremendous incentive for new and innovative development in the region that will include retail, restaurants, and a wide range of services, Crossman said.
“A decade ago the Central Florida job base was centered on the tourism corridor from International Drive to Disney and the U.S. 192 area,” said Crossman.
“Ten years from now we will have another job center that will be just as prominent, and it will focus on the Lake Nona area. The advantages in East Orlando will be that much of this new development is upscale, with higher technology and higher paying jobs,” Crossman said.
“Whether you are a Starbucks barista or a medical student about to launch your professional career, east Orlando in general and the Lake Nona area in particular are where you want to look,” Crossman said.
For more information please contact:
John Crossman, CCIM, President, Crossman & Company, 407-581-6218
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142
About Crossman & Company
Crossman & Company is one of the largest third-party retail leasing and management companies in Central Florida, based upon the total number of retail square footage. Founded in Orlando, Fla. in 1990, Crossman & Company is a full service commercial real estate firm that advises its clients in leasing, management, development and investment sales of retail and office properties. Please visit http://www.crossmanco.com/, or call 407.423.5400 for more information.
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