ORLANDO, Fla. --- Crossman & Company, one of the largest third-party retail leasing and management firms in the Southeast, presented the bi-annual ICSC Spring Florida Retail Report at the ICSC West Florida Idea Exchange in Tampa recently. Crossman & Company has produced the report on behalf of ICSC for the past 15 years. The report includes contributions from over 45 separate companies throughout the state.
“We have seen a return to stability in the market in the first half of 2010,” said Justin Greider, the primary author of the report. “In nearly every market of the state we have seen the freefall of rents and occupancy leveling off, indicating we may have found the bottom of the market, though significant challenges still remain for owners and retailers alike.”
The report notes that rental rates for the entire state average $14.27 for year-end 2010, down nearly 15 percent from the peak in the first quarter of 2008. Occupancy has leveled off at 89 percent, a decrease of about 6 percent from its peak in 2006.
“The outlook for the next 6-12 months is one of cautious optimism,” Greider said, “People throughout the state are very positive, but the recovery is going to be long and slow, and there is still a lot of over-valued product that has to work its way through the system.”
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For more information, contact:Justin M Greider, Vice President – Director of Leasing, Crossman & Company, ICSC Southern Division NextGen Chair, 407-581-6225John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com;Molly Delahunty, Crossman & Company, 407-581-6220 mdelahunty@crossmanco.com
Showing posts with label third party. Show all posts
Showing posts with label third party. Show all posts
Friday, February 25, 2011
Tuesday, October 13, 2009
Crossman & Company President to Address Florida Redevelopment Association in Two Sessions
ORLANDO, Fla. - John Crossman, president of Crossman & Company, one of the largest third-party retail leasing and management firms in the Southeast, has been asked moderate a panel and participate in a second roundtable discussion at the upcoming Florida Redevelopment Association Conference.
Crossman will moderate a panel discussing the evolution of redevelopment at 1:15 p.m. on Oct. 28 at the new Orlando Hilton on International Drive. The panel will include Orlando Mayor Buddy Dyer, John Norquist, and Bernard Zyscovich.
Following that panel, at 2:15 p.m., Crossman will speak as part of a roundtable discussion titled “Navigating the Changing Scope of Retail Development” along with Cynthia Stewart, Craig Ustler, and Steve Quello.
Crossman, a widely recognized expert in retail property trends, is a frequent speaker at national and regional commercial property industry conventions and seminars.
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.
Thursday, May 7, 2009
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.
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