Christie Alexander |
Springs Plaza, a 64,753 square foot neighborhood shopping center on S.R. 434 at the intersection of Wekiva Springs Road in Longwood, FL |
Casey Rosen |
Winter Park-based CrossMarc Services acquired the asset in partnership with an affiliate of Baltimore-based MCB Real Estate and their equity partner Faison Enterprises.
CBRE Executive Vice Presidents Casey Rosen
and Dennis Carson provided exclusive representation of the seller, an
affiliate of Apollo Global Management of New York, N.Y
“We are excited to add this iconic property to
our portfolio,” said CrossMarc Senior Vice President Christie Alexander.
The plaza, built in 1979 and renovated in 2017, was 80 percent leased at the
time of the sale.
Dennis Carson |
Within 30 days prior to this transaction
CrossMarc also closed on the acquisition of Glenbrook Commons, a 64,707
square foot retail center in Clermont from Continental Realty for $9,400,000.
“CrossMarc Services is on a path to
purchase more than $60,000,000 in retail properties by the end of this year,”
said President John Crossman.
CrossMarc Services, based in Winter Park, FL, is a real estate investment and advisory firm. Clientele ranges from private clients and corporations to large institutional companies.
John Crossman |
Faison Enterprises, Inc. is a 50-year-old privately held investment firm with a diversified portfolio that includes retail, commercial and residential project holdings.
Founded by Henry
J. Faison, the company has committed more than $3 billion in development, value
add, and core real estate opportunities.
Contacts:
John
Crossman, CCIM, CRX Founder / President, CrossMarc Services, LLC
407-341-3895 jcrossman@crossmarcservices.com
Beth Payan-Larry
Vershel Communications
beth@larryvershel.com
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