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| Gateway Center, 15701 State Road 50, Clermont, FL |
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| Brian Carolan |
CLERMONT, FL – Crossman & Company arranged the
$1,525,000 million sale of Gateway Center, a 19,196 square foot,
office/retail center located at 15701 State Road 50 in Clermont, Florida. Anchored by Centra Care, the property was
sold in early January to a private investor.
The center is located at the signalized entrance to the
Greater Hills neighborhood along the heavily traveled Florida Highway 50. Gateway Center was 82% occupied at the time
of sale and had a great mix of local tenants.
“This deal allowed the original developers to exit their
investment at a favorable rate,” said Brian Carolan, Director of
Investment Sales with Crossman & Company.
Carolan exclusively represented the Seller to the market
during this transaction. He believes
that the Gateway Center transaction is continued evidence that the commercial
market in the Clermont area is improving significantly.
For a complete copy of the company’s news release, please
contact:
Sydnie Cobb
Crossman &
Company
407.581.6261
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