Thursday, April 7, 2011

Newmark Knight Frank Capital Group Retained as Exclusive Marketing Agents for Crossroads Square Retail Center in Jacksonville

ATLANTA, Ga. --- Newmark Knight Frank Capital Group of Atlanta and Miami has been retained as exclusive marketing agents for Crossroads Square, a 174,153 square foot neighborhood retail center located at 8102 Blanding Blvd. in Jacksonville, Fl.

Whitney Knoll, who heads Southeast Capital Market Group at Newmark Knight Frank, said Crossroads Square ranks as one of the most coveted retail investment properties in the northeast Florida region.

“The location is exceptional and Crossroads Square has a remarkable track record,” Knoll said. “The center is 98.85 percent leased, with 93 percent of the retail center’s tenants in place for more than five years,” he said.

Within the Jacksonville market, Crossroads Square is known for its A-list retailers.

“More than 90 percent of the tenants at Crossroads Square are national or regional tenants,” Knoll said.

Anchor tenants at Crossroads Square include Floor & Décor, Office Depot, Harbor Freight Tools, and Dollar General.

Knoll said Crossroads Square serves a market area of over 155,000 people within a five mile radius with high visibility on the Blanding Blvd retail corridor near the Orange Park Mall.

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