Friday, July 24, 2009

Crossman & Company Selected as Exclusive Leasing Agent for 10.4 Million Square Foot Publix-Owned Retail Portfolio

Crossman & Company Selected as Exclusive Leasing Agent for 10.4 Million Square Foot Publix-Owned Retail Portfolio

ORLANDO, Fla. - Crossman & Company, which ranks as one of the largest third-party retail leasing and management companies in Florida, has been named the exclusive leasing representatives for all Publix-owned retail properties in Florida, Georgia, Alabama, Tennessee and South Carolina.

John Crossman, president of Crossman & Company, said the portfolio of retail properties includes more than 10.4 million square feet of retail space, including six centers in Central Florida totaling about 300,000 square feet. “This is the most prestigious portfolio in the Southeast and we are thrilled to be working on it,” stated Crossman.

Crossman & Company will be responsible for leasing small-shop space within Publix-owned shopping centers, leasing outparcels, and all subleasing or lease disposition of former Publix locations in the portfolio of properties, according to Crossman.

Altogether, Lakeland-based Publix Super Markets, Inc. operates more than 1,000 stores in five southeastern states, said Crossman.

One of the largest grocery retailers in the U.S., Publix owns more than 100 stores and retail centers, Crossman said.

“Publix-anchored, Publix-owned shopping centers are the best and most desirable locations for tenants in today’s market,” Crossman added.

About Crossman & Company:
Crossman & Company is one of the largest third-party retail leasing and management companies in Florida with over 16 million square feet under leasing and/or management. Founded in Orlando 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 and serves clients including Publix Super Markets, Inc., Lake Nona, PREIT, and LaSalle Investment Management. Please visit www.crossmanco.com, or call 407-423-5400 for more information.

For more information, contact:
John Crossman CCIM, President, Crossman & Company, 407-581-6218; jcrossman@crossmanco.com
Justin Greider, Senior Associate, Crossman & Company 407-581-6225; jgreider@crossmanco.com
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

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