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| Brian Carolan |
LAKELAND, Fla. – Crossman
& Company, one of the largest retail leasing, management and investment
sales firms in the Southeast, recently closed on the sale of Huntington Hills
Plaza, a Lakeland neighborhood retail center constructed in 2001.
The center, located at
2905 Duff Rd. at the intersection of US Highway 98, was 62 percent occupied at
the time of sale and provided a significant value-add opportunity for the
purchaser, according to Brian Carolan,
Crossman & Company’s Director of Investment Sales. Carolan negotiated the transaction on behalf
of the seller, a Miami-based special servicer.
The buyer is a private
investor based in Tampa.
The Early Years childcare
center and Sorrento’s Italian Restaurant are major tenants at the Huntington
Hills Plaza.
Crossman & Company
will continue to lease and manage the center for the new owner.
For a complete copy of the company’s news release,
please contact:
Beth Payan, Larry Vershel
Communications Inc. 407-644-4142 Lvershelco@aol.com
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