Wednesday, April 27, 2011

Crossman & Company Negotiates 10 Long Term Leases for Publix Super Markets that Total 24,577 Square Feet of Retail Space

ORLANDO, Fla. --- Crossman & Company, the Orlando-based commercial real estate firm that ranks as one of the largest retail property specialists in the southeast, turned in a strong 2011 first quarter for client Publix Super Markets, Inc.: 10 long-term agreements that total 24,577 square feet of retail space.

John Crossman, president of Crossman & Company, said associate Ashley Thornburg and Justin Greider, vice president and director of leasing at Crossman & Company negotiated the lease agreements in Brevard, Seminole, Palm Beach, Sarasota, Pinellas, Duval and Martin Counties in Florida and in Atlanta, Ga.

Thornburg negotiated five lease agreements at three Publix-owned retail centers in Florida:

At Publix at Town Commons, 8899 Hypoluxo Rd. in Lake Worth, Wildberries leased 1,572 square feet for three years and Prime Time NY Deli, 3,869 square feet for 10 years.

At Cornerstone at Stuart, 1501 NW Federal Highway in Stuart, Festival Music Centers leased 1,200 square feet and Surf Ratz, 3,600 square feet and both were for five-year terms.

At University Walk, 2875 University Parkway in Sarasota, AT&T signed a four-year lease for 1,000 square feet.

Greider negotiated five lease agreements at five Publix-owned retail centers in Florida and Georgia:

At Palm Springs Crossing, 482 East Altamonte Dr. in Altamonte Springs, Miracle Ear leased 1,025 square feet for five years.

Sound Advice Hearing Aids leased 1,761 square feet for five years in the Pinellas retail center at 857 West Bay Drive in Largo;

At OakLeaf Plantation Center, 9518 Argyle Forest Blvd. in Jacksonville, Fro-Yogi leased 1,725 square feet for five years.

Anytime Fitness signed a 10-year lease for 4,025 square feet at Rockledge Crossing retail center, 3820 Murrell Road in Rockledge.

Sherwin-Williams leased 4,800 square feet for five years at Paces Ferry Center, 2451 Cumberland Parkway in Atlanta.

Publix Supermarkets owns or operates retail centers throughout the Southeast that total more than 11 million square feet.

About Crossman & Company
Headquartered in Orlando, Florida, Crossman & Company is a commercial real estate brokerage firm that specializes in the retail industry. Currently their portfolio under leasing and/or management exceeds 150 shopping centers throughout the Southeast US. Founded in 1990, Crossman & Company focuses solely on landlord representation and serves clients including Publix, PREIT, and GE. Please visit www.crossmanco.com, or call 407-423-5400 for more information.

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