Crossman & Company Names Former Orange County Mayor Rich Crotty Executive Vice President

ORLANDO, Fla. --- Crossman & Company, which is one of the largest retail leasing and management firms in the Southeast, recently appointed former Orange County Mayor Rich Crotty Executive Vice President in a move that will enhance the company’s leadership role in the industry and facilitate continued growth throughout the Southeast, said the company’s president.

John Crossman, President, said Mayor Crotty is one of the most recognizable and powerful people in the State of Florida, and will be able to offer some insight and leadership that will help propel the company into the future.

“We are a strong, growing company, and Mayor Crotty brings a level of experience, maturity and leadership that will substantially enhance our capacity to serve our clients throughout the Southeast,” said Crossman, a frequent speaker at regional and national retail conferences who is widely regarded as one of the industry’s leading experts.

Crossman said Mayor Crotty’s public service experience–14 years in the Florida legislature and 19 years in Orange County government, including two terms as Orange County Mayor– may open doors, but his strategic skills will prove more valuable.

“Mayor Crotty tends to look at the longer term and the bigger picture,” Crossman said. “He brings a perspective to this industry that is already facilitating opportunities to increase business, create jobs and help Florida recover from this recession.”
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For more information contact: John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com

About Crossman & Company: Crossman & Company is one of the largest third-party retail leasing and management companies in the Southeast 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.

Canaveral Port Authority Reappoints NAI Realvest Managing Partner Paul P. Partyka Real Estate Broker

MAITLAND, Fla. --- Paul P. Partyka, managing partner of NAI Realvest in Maitland, was recently reappointed by the Canaveral Port Authority as their Real Estate Broker.

Partyka was first appointed to the post in 2007.

The Canaveral Port Authority lists assets valued at more than $200 million and buildings valued at more than $14 million on 886 acres surrounding Port Canaveral.

“Port Canaveral ranks as one of the largest trade zones in North America,” Partyka said.
As their real estate broker, Partyka represents the Canaveral Port Authority for both leasing and sales.
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For more information, contact: Paul P. Partyka, Managing Partner, NAI Realvest, 407-875-9989 ppartyka@realvest.com; Patrick Mahoney, President, NAI Realvest, 407-875-9989 pmahoney@realvest.com; Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 lversehlco@aol.com

About NAI Realvest: NAI Realvest, covering all of central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 325 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com.

Crossman & Company Named Exclusive Management, Leasing, and Marketing Representatives at Water Tower Place in Celebration

ORLANDO - Crossman & Company, the Orlando real estate firm that ranks as one of the largest retail property specialists in the southeast, has been named exclusive property management, leasing and marketing representatives at Water Tower Place, a 124,000 square foot retail center located in Celebration in Osceola County.

John Crossman, president of Crossman & Company, said the firm has launched a major marketing campaign to reposition the retail center.

The campaign will start with a name change to Water Tower Shoppes at Celebration, Crossman said, and will include outdoor billboards on U.S. 192, extensive print and internet advertising and new signage.

Bruce Lyons will serve as the principal contact for management, leasing and marketing at Water Tower Shoppes at Celebration, Crossman added.
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For more information please contact:
John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com

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.

Grubb & Ellis|Commercial Florida Negotiates Sublease for 4,000 Square Feet of Downtown Tampa Office Space at 100 N. Tampa St.

TAMPA - Grubb & EllisCommercial Florida, associated with 130 offices worldwide, recently negotiated a sublease agreement for 4,000 square feet of class A office space in the 100 N. Tampa Street building in downtown Tampa.

Richard Andretta, SIOR, vice president in the firm’s Office Group and associate Rob Turner negotiated the sublease representing the new subtenant Grubb & Ellis Company, who will occupy suite 2450 in the building for a new southeast regional office headed by senior vice president Tim Rivers and executive managing director Randy Buddemeyer.

The sublandlord is HKS Architects, Inc., a Texas corporation.
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About Grubb & EllisCommercial Florida: Grubb & EllisCommercial Florida is an affiliated commercial real estate services firm specializing in the leasing and sale of office, industrial, retail, land and investment properties. Currently Grubb & EllisCommercial Florida has 40 brokers divided among its Tampa, Orlando and Melbourne offices which serve the entire mid-Florida marketplace.

About Grubb & Ellis: Grubb & Ellis Company (NYSE:GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,500 professionals in more than 100 company owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm’s transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment subsidiaries, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.com.

CONTACTS: Richard Andretta SIOR 813-639-1111 Ext 255; Jeffrey Sweeney SIOR President 407-481-5387

Florida Trend Magazine ranks Crossman & Company one of Florida’s Best Companies to Work For

ORLANDO - Crossman & Company, one of the largest third-party retail leasing and management firms in the Southeast, was recently named one of the “2010 Best Companies to Work For in Florida” by Florida Trend magazine, a leading corporate business monthly publication.

“We have assembled a great staff of highly motivated, well-educated and dedicated professionals and the credit, frankly, goes to them,” Crossman said.

Crossman & Company could rank as one of Florida’s fastest growing professional companies, Crossman added. Nine Crossman & Company specialists started work during the last fiscal year.

For more information, contact: John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com; Molly Delahunty, Crossman & Company, 407-581-6220 mdelahunty@crossmanco.com; Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com

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.

Crossman & Company Celebrates 20th Anniversary

ORLANDO - Crossman & Company, the Orlando firm that ranks as one of the largest third-party retail leasing and management firms in the Southeast, is celebrating its 20th anniversary this year.

John M. Crossman, CCIM, president of Crossman & Company, said the firm currently leases and manages retail properties that total more than 16 million square feet of space throughout the Southeast.

Scott E. Crossman, CCIM, founder and chief executive officer of Crossman & Company, opened the doors in 1990 in a small office in downtown Orlando.

For more information please contact: John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com

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, 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 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.

NAI Realvest negotiates five-year renewal lease for 52,590 square feet of industrial space at Crossroads Business Park in South Orlando

ORLANDO, Fla. -- NAI Realvest recently completed a five-year renewal agreement for 52,590 square feet of industrial space at Crossroads Business Park located on Gills Drive off W. Landstreet Rd. in south Orlando.

Robert Blackwell, SIOR principal at the firm, associates Sean DuPree, CCIM and Jim Murr negotiated the transaction representing the tenant, Ace World Wide Moving & Storage Co., Inc. The leased space consists of 40,140 square feet in Suite 400 at 1125 Gills Drive and 12,450 square feet in suite 500 at 1075 Gills Drive at the industrial park.

The landlord, CRP-2 Crossroads, LLC, was represented by Matt Sullivan and Wilson McDowell of Colliers Arnold.

About NAI Realvest:
NAI Realvest, covering all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 325 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com.

For more information contact:
Robert Blackwell, SIOR or Sean Dupree, CCIM or Jim Murr at NAI Realvest 407-875-9989; rblackwell@realvest.com, sdupree@realvest.com or jmurr@realvest.com

Patrick Mahoney, Chief Operating Officer, NAI Realvest 407-875-9989 pmahoney@realvest.com

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

Crossman & Company Appoints Diana Kim Research Analyst

ORLANDO, Fla. - Crossman & Company, one of the largest third-party retail leasing and management companies in the Southeast, recently appointed Diana Kim as research analyst.

Justin Greider, senior associate at Crossman & Company, said Kim earned her undergraduate degree from Ewha Women’s University in Korea and is currently pursuing her Masters Degree in Real Estate at the University of Florida.

For more information please contact:

Justin Greider, Senior Associate, Crossman & Company/ICSC Florida Next Generation Chair, 407-581-6225; jgreider@crossmanco.com

John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com

About Crossman & Company:

Crossman & Company is one of the largest third-party retail leasing and management companies in the Southeast 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 http://www.crossmanco.com/, or call 407-423-5400 for more information.

NAI Realvest Completes $1.1 Million Sale of former Whistle Junction Restaurant in Titusville

ORLANDO, Fla. - NAI Realvest recently completed the $1,100,000 sale of the 10,811 square foot Whistle Junction restaurant facility located at 3125 Columbia Blvd. in Titusville.

Paul P. Partyka, principal and managing partner at NAI Realvest, negotiated the sale representing the seller Sovereign Investment Company of Palo Alto, Calif.

The property was purchased by Titusville-based SBI Leasing, Inc.

Partyka said this is the fourth former Whistle Junction restaurant sale handled by NAI Realvest this year, including locations in Melbourne, St. Cloud and Jacksonville.

For more information contact:
Paul P. Partyka, Managing Partner/Principal NAI Realvest, 407-875-9989, ppartyka@realvest.com

Patrick Mahoney, Principal/Chief Operating Officer, 407-875-9989

Beth Payan or Larry Vershel, Larry Vershel Communications 407-644-4142

About NAI Realvest:
NAI Realvest, covering all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 325 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com.

CoStar Group Ranks Three Brokers at Grubb & Ellis|Commercial Florida among Top Brokers in Tampa Region

CoStar Group Ranks Three Brokers at Grubb & EllisCommercial Florida among Top Brokers in Tampa Region


TAMPA, Fla. - Grubb & EllisCommercial Florida got a boost recently from CoStar Group, the leading U.S. provider of information services to the commercial real estate industry.

Jeff Sweeney, SIOR, president and managing partner of Grubb & EllisCommercial Florida in Tampa, Orlando and Melbourne, said CoStar Group recently named Michelle Seifert, Jan Boltres, CCIM, and Michael Scott of the firm’s Tampa office among the top commercial property brokers in the Tampa Bay region.











Jan Boltres, Michelle Seifert and Michael Scott


The CoStar ranking was based on leasing and sales activities in 2008, Sweeney said.
Seifert, who was recently promoted to vice president of Grubb & EllisCommercial Florida’s Retail Group, posted retail property leases and sales that totaled $25,000,000 in 2008.

Boltres and Scott, principals at Grubb & EllisCommercial Florida, serve as senior vice presidents of the firm’s Industrial Group. Working as a team, Boltres and Scott closed on industrial property leases and sales in 2008 that totaled $29,842,720.

Contacts:
Larry Lietzman, Marketing Director, 813-830-7890
Jeffrey Sweeney, SIOR President 407-481-5387
Larry Vershel Communications 407-644-4142

About Grubb & EllisCommercial Florida:
Grubb & EllisCommercial Florida is an affiliated commercial real estate services firm specializing in the leasing and sale of office, industrial, retail, land and investment properties. Currently Grubb & EllisCommercial Florida has 30 brokers divided among its Tampa, Orlando and Melbourne offices which serve the entire mid-Florida marketplace. Visit http://www.commercialfl.com/.

About Grubb & Ellis:
Named to The Global Outsourcing 100™ in 2009 by the International Association of Outsourcing Professionals™, Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,000 professionals in more than 130 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm’s transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through Grubb & Ellis Realty Investors, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), tenant-in-common (TIC) investments suitable for tax-deferred 1031 exchanges and other real estate investment funds. For more information, visit http://www.grubb-ellis.com/.

Grubb & Ellis|Commercial Florida Broker honored by CoStar Group 2nd Year in a Row as a Top Retail Broker

Grubb & EllisCommercial Florida Broker honored by CoStar Group 2nd Year in a Row as a Top Retail Broker

TAMPA, Fla. – Michelle Seifert at Grubb & EllisCommercial Florida, which is associated with 130 Grubb & Ellis offices worldwide, was recently honored for the second year in a row as a top retail broker in the Tampa Bay region by the world’s leading provider of business information to the commercial real estate industry.

Jeffrey S. Sweeney, SIOR, president of Grubb & EllisCommercial Florida, said Seifert, who was promoted earlier this year to vice president of Grubb & Ellis’ Retail Services Group in Tampa, received the CoStar award for negotiating retail transactions in 2008 totaling more than $25 million.

“Michelle’s award, following her recent promotion to vice president, further solidifies her commitment to excel within the industry,” Sweeney said. “She has positioned herself to be the best of the best and is truly an asset to our organization,” he said.

About Grubb & EllisCommercial Florida:

Grubb & EllisCommercial Florida is an affiliated commercial real estate services firm specializing in the leasing and sale of office, industrial, retail, land and investment properties. Currently Grubb & EllisCommercial Florida has 40 brokers divided among its Orlando, Melbourne and Tampa offices to serve the entire mid-Florida marketplace.

About Grubb & Ellis:

Named to The Global Outsourcing 100™ in 2009 by the International Association of Outsourcing Professionals™, Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,000 professionals in more than 130 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm’s transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment subsidiaries, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), tenant-in-common (TIC) investments suitable for tax-deferred 1031 exchanges, mutual funds and other real estate investment funds. For more information, visit http://www.grubb-ellis.com/.

Contact:

Grubb & EllisCommercial Florida, 3030 N. Rocky Point Drive W.,Tampa, FL 33609,www.commercialfl.com

Michelle Seifert 813-830-7285
Jeffrey Sweeney 407-481-5387
Larry Vershel 407-644-4142

Emerson International Appoints Nick Mowery to its Executive Suites Division

Emerson International Appoints Nick Mowery to its Executive Suites Division

ALTAMONTE SPRINGS, Fla. - Emerson International, which develops luxury condominiums and communities, corporate office buildings and executive suites throughout Central Florida, has appointed Nick Mowery manager of its Executive Suites division.

Eric J. Emerson, vice president and general manager of Emerson International in Altamonte Springs, said Mowery has more than eight years of experience specializing in executive suite leasing and management.

Mowery was formerly affiliated with Regis USA Office Suites in Miami and EBC Office Centers at Celebration.

Emerson International owns and operates an executive suite property in the Major Center Plaza building on Major Blvd. in southwest Orlando. For leasing information contact Mowery at 407-352-7333 or nmowery@emerson-us.com.

For more information about this press release, contact
Nick Mowery, Executive Suite Manager, Emerson Investments Int’l., Inc. 407-352-7333; nmowery@emerson-us.com
Eric J. Emerson, Vice President / General Manager Emerson International, Inc. 407-834-9560; ejemerson@emerson-us.com
Larry Vershel or Beth Payan Larry Vershel Communications 407-644-4142 Lvershelco@aol.com

Crossman & Company Expands Operations to South Florida, Adds Ashley Thornburg

Crossman & Company Expands Operations to South Florida, Adds Ashley Thornburg

ORLANDO, Fla. - Crossman & Company, one of Florida’s leading commercial real estate service companies specializing in retail properties management and leasing, has expanded its territory to include the South Florida market.

John Crossman CCIM, President of Crossman & Company, said the firm has added Ashley Thornburg as an associate who will be focused on the South Florida region.

Thornburg is a graduate of the University of Florida and received her M.B.A. from the Crummer Graduate School of Business at Rollins College in Winter Park.

“Ashley brings a great deal of energy and integrity to our company,” said Crossman.
Crossman & Company now handles 18 centers totaling more than 1.1 million square feet in South Florida, 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 please contact:
John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com;

Justin Greider, Senior Associate, Crossman & Company/ICSC Florida Next Generation Chair, 407-581-6225; jgreider@crossmanco.com;

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com

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

NAI Realvest Negotiates Sale of Captain D’s Restaurant Facility in Sebring

NAI Realvest Negotiates Sale of Captain D’s Restaurant Facility in Sebring

ORLANDO, Fla. – NAI Realvest recently negotiated the $915,000 sale of a 2,210 square foot corporate net leased Captain D’s restaurant facility on a 0.65-acre site at 3400 Highway 27 South in Sebring to a California investment trust.

Mez Birdie, CCIM, director of retail and investment services at the firm, brokered the transaction on behalf of Sebring-based Brothers Two Developers and the buyer Haupt Family Trust of East Palo Alto, Calif.

Birdie provides various real estate services including sale-leaseback, leasing, brokerage, and surplus site selection to Sagittarius Brands, the parent company for Captain D’s and Del Taco restaurants.

For more information, contact:

Mez Birdie, CCIM, Director/Retail & Investment Services NAI Realvest 407-875-9989, Mbirdie@realvest.com

Patrick Mahoney, President and COO NAI Realvest, 407-875-9989, pmahoney@realvest.com

Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142

About NAI Realvest:

NAI Realvest, covering all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide through NAI Global, an international commercial real estate network with over 325 offices spanning the globe. Since 1978, clients have built their businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit http://www.nairealvest.com/.

Crossman & Company Closes on Retail Leases in Central Florida that total more than 13,370 Square Feet

Crossman & Company Closes on Retail Leases in Central Florida that total more than 13,370 Square Feet

ORLANDO, Fla. - Crossman & Company, one of the largest property management and leasing firms in Central Florida, recently closed seven lease agreements in Orange, Lake and Volusia Counties totaling 13,373 square feet of retail space.

John Crossman, president of firm, said Leasing Associate Daniel Germano negotiated all seven lease agreements, representing the landlords.

The Payment Fighters is a new tenant that leased 4,773 square feet in Fashion Village, 3911 E. Colonial Drive in Orlando. F.F. Fashion Village Partnership is the landlord;

Happy Harmonies renewed its lease for 1,600 square feet at 1000 Lee Rd. in the Lee Road Shopping Center in Winter Park. Lee Road Partners is the landlord.

At the Eustis Square Shopping Center in Lake County Cyberlink Group Business Solutions leased 1,600 square feet at 253 W. Ardice Ave., El Korita Restaurant renewed its lease for 1,200 square feet at 256 W. Ardice Ave., and Jackson Hewitt renewed a lease for 1,000 square feet at 224 W. Ardice. The landlord at the center is Eustis Square One.

Hair Trek renewed a long term lease of 1,600 square feet at 2431 Enterprise Rd. and Forever Formal renewed its 1,600 square feet at 870 Saxon Blvd., both at Orange City Marketplace in west Volusia where Orange City Marketplace, LLC is the landlord;

For more information please contact:
Daniel Germano, Leasing Associate, Crossman & Company, 407-423-5400 or 407-581-6223

John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com

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.

George Livingston: Last Quarter was The Worst, This One will be Better, Positive Growth should start by December

George Livingston: Last Quarter was The Worst, This One will be Better, Positive Growth should start by December

MAITLAND, Fla. - The first quarter of 2009 was the worst of the recession, according to longtime area market analyst George Livingston, chairman emeritus of Orlando-area based NAI Realvest.

“The current quarter will be less bad, and we’re already seeing signs of improvement, but we won’t see positive growth until the last quarter of this year or the first quarter of next year,” Livingston said.

“Initial recovery will be slow, full recovery won’t occur until well into the next decade,” Livingston said.

“Consumer confidence is low but it is getting better, and the same can be said for business confidence,” Livingston said.

“Profits are improving in some cases. Banks should do better as we move forward and the third quarter should see broad improvement in corporate earnings,” he said.

Livingston said housing should bottom by year-end, and recovery will be slow due to the drag of foreclosures. “When the housing market recovers, we won’t see the sort of peaks we’ve seen in the past,” he said.

The reason? “Unemployment will continue to increase through year-end,” Livingston said. “Job creation will be slow."

Economic trends will continue to have a negative effect on most commercial real estate sectors, Livingston added, including retail, office, warehouse and distribution.

“Rental apartments should be among the first to recover,” Livingston said.

For more information please contact:
George Livingston, Chairman Emeritus, NAI Realvest 407-875-9989 glivingston@realvest.com;

Janice Paiano, Director of Marketing, NAI Realvest jpaiano@realvest.com

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

About NAI Realvest:
NAI Realvest, covering all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 325 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit http://www.nairealvest.com/.

Crossman & Company Appoints Whitaker Leonhardt Research Analyst

Crossman & Company Appoints Whitaker Leonhardt Research Analyst

ORLANDO, Fla. - Crossman & Company, one of Central Florida’s leading retail leasing and property management firms, has appointed Whitaker Leonhardt research analyst.

John Crossman, president of Crossman & Company, said Leonhardt attended Georgetown University in Washington D.C. and will graduate with a masters degree in real estate from the University of Florida in May.

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.

Grubb & Ellis|Commercial Florida Appoints Cheryl Harrington Vice President of Retail Services in Melbourne

Grubb & EllisCommercial Florida Appoints Cheryl Harrington Vice President of Retail Services in Melbourne

MELBOURNE, Fla. - Grubb & EllisCommercial Florida, which is associated with 130 Grubb & Ellis offices worldwide, has appointed Cheryl Harrington vice president of Retail Services in Melbourne.

Jeffrey Sweeney, SIOR, president of Grubb & EllisCommercial Florida, said Harrington has more than thirteen years of experience in real estate including seven years in Florida as a commercial real estate broker with another five years in Illinois.

Harrington dealt with all aspects of the leasing, management and/or development of seventeen commercial properties including office and retail properties totaling more than 500,000 square feet, managing in excess of 120 tenants.

“Cheryl’s great people skills enable her to open and close deals in our arena. We think she’ll add an amazing energy to Grubb & Ellis,” Sweeney said.

Prior to joining Grubb & EllisCommercial Florida Harrington was a commercial leasing and sales manager for The Coy A. Clark Company in West Melbourne.

For more information, contact:

Jeff Sweeney, President Grubb & EllisCommercial Florida, 407-481-5378, jsweeney@commercialfl.com

Cheryl Harrington, VP of Retail Services, Grubb & EllisCommercial Florida, 304 S. Harbor City Blvd. Ste. 101, Melbourne, FL 32901, 321-984-1957

Larry Vershel, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com

Grubb & EllisCommercial Florida:

Grubb & EllisCommercial Florida is an affiliated commercial real estate services firm specializing in the leasing and sale of office, industrial, retail, land and investment properties. Currently Grubb & EllisCommercial Florida has 40 brokers divided among its Melbourne, Orlando and Tampa offices to serve the entire mid-Florida marketplace.

About Grubb & Ellis:

Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies. With more than 130 owned and affiliate offices worldwide, Grubb & Ellis offers property owners, corporate occupants and investors comprehensive integrated real estate solutions, including transaction, management, consulting and investment advisory services supported by proprietary market research and extensive local market expertise.

Grubb & Ellis and its subsidiaries are leading sponsors of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including tax-deferred 1031 tenant-in-common (TIC) exchanges; public non-traded real estate investment trusts (REITs) and real estate investment funds. As of Sept. 30, 2008, more than $3.8 billion in investor equity has been raised for these investment programs. The company and its subsidiaries currently manage a growing portfolio of more than 225 million square feet of real estate. In 2007, Grubb & Ellis was selected from among 15,000 vendors as Microsoft Corporation's Vendor of the Year. For more information regarding Grubb & Ellis Company, please visit http://www.grubb-ellis.com/.

Melrose Sovereign Companies appoints new property manager, three new leasing agents

Melrose Sovereign Companies appoints new property manager, three new leasing agents

ORLANDO, Fla. - Melrose Sovereign Companies, the Orlando-based real estate management firm that specializes in rental apartment communities, condominiums and home owner associations, recently appointed a new property manager and three new leasing agents.

Ellen Lumpkin, LCAM, co-founder and partner at the firm, said Belinda Diaz was recently appointed property manager. She has been in the real estate industry for 11 years.

New leasing agents are Kyla Lacey, Yuri Abad and Porsche Merino.

For more information, contact:
Ellen G. Lumpkin, LCAM, Partner/Co-founder, Melrose-Sovereign Companies, 407-228-4181, elumpkin@melrose-sovereign.com
Jack B. Hanson, LCAM, Partner/Co-founder, Melrose-Sovereign Companies, 407-228-4181, jhanson@melrose-sovereign.com
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, Lvershelco@aol.com