Crossman & Company Announces Shopping Center Sale
PALM COAST, Fla. -- Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, has negotiated the sale of Cobblestone Village, a 96,891-square foot shopping center at 270 Cypress Edge Dr. in Palm Coast, Fla. Crossman & Company Senior Managing Director Whitney Knoll, Director of Brokerage Services, Christie Alexander and Associate, Thomas Bolen represented the seller, CBL & Associates Properties, Inc. of Chattanooga, Tenn., in the transaction. Cobblestone Village is 96.7 percent leased. “Cobblestone Village is a great shopping center asset benefitting from its well-performing tenants and location in one of the state’s most rapidly-growing areas,” said Crossman & Company President John Crossman, CCIM, CRX. “This property was highly sought after from a variety of institutional and private investors. Palm Coast continues to realize continued residential and job growth, a trend we expec...