Crossman & Co. Closes Sale on Marketplace Shopping Center in Tennessee

        

John Zelinski

MADISONVILLE, TN -- Marketplace Shopping Center, a 39,400 square foot neighborhood shopping center anchored by a dark Food Lion, has been acquired by a private buyer. This transaction represents the second property sold in Tennessee and the eighth property sold in the last nine months by Crossman & Company.

Senior Vice President John Zielinski said “the dark anchor space created some challenges but we were able to find an owner-user while simultaneously negotiating a buyout of the anchor lease.  This structure helped ensure that we achieved the best price for our institutional client.” 

“Retail anchors, both traditional and non-traditional, have increasingly sought to buy the entire shopping center rather than just leasing their individual space,” said Director, Brian Carolan.

For a complete copy of the company’s news release, please contact:

Claire Pagán

Phone  407.581.6223 |

Email  cpagan@crossmanco.com