ORLANDO, Fla. (May 2, 2018) - Crossman & Company, one of the Southeast’s largest
retail leasing, property management and investment sales firms, has negotiated the sale of Parkland Town Center in Parkland Fla. to a private investor in South America.
Crossman & Company’s Managing Director Brian Carolan represented the New York City based institutional seller in the $6.8 million transaction.
“We received significant interest in Parkland Town Center given its infill location and tremendous household incomes,” explains Carolan. “Despite a rise in interest rates this year, pricing for destination retail remains strong.”
Crossman & Company has experience in retail and office leasing, property management and investment sales of shopping centers, single-tenant, triple-net assets, as well as mixed-use and lifestyle properties
Parkland Town Center sits on 5.5 acres at 6604-6710 Parkside Dr. in Parkland. The center’s 34,930 square feet is 96 percent occupied. Jose Chapman of A+ International Realty represented the buyer.
Parkland Town Center is in the heart of several upscale residential communities just north of Holmberg Road. The shopping destination is close to several 500+ unit residential neighborhoods currently under construction.
Crossman & Company is one of the Southeast’s premier commercial real estate firms with offices in Atlanta, Ga., Orlando, Tampa, Miami and Boca Raton, Fla. focused on serving retail landlords exclusively throughout Alabama, Florida, Georgia, Mississippi, North and South Carolina, Tennessee, and Virginia. Crossman & Company represents more than 395 shopping centers with over 28 million square feet under leasing and/or management.
For more information contact Brian Carolan at (407) 581-6242 or bcarolan@crossmanco.com or visit www.crossmanco.com.