Crossman & Company closes on $750,000 Sale of Satellite Beach Office Building; Eyes Growth in Commercial Property Sales

ORLANDO, Fla. --- Crossman & Company in Orlando recently closed on the sale of a 5,826 square foot freestanding office building at 1300 Highway A1A in Satellite Beach and the firm’s President John Crossman said the sale may be the first of several the company will broker over the next 12 months.

Crossman & Company Director Whitaker Leonhardt negotiated the $750,000 sale price for the property representing an undisclosed seller.

Grace Upon Grace LLC, a Brevard-based business, acquired the building.

Leonhardt said he expects to see an increase in sales of office and retail properties in Brevard County.

“Brevard County is home to several investors and business leaders who know the market intimately and who are currently seeking commercial real estate acquisitions,” Leonhardt said.

“We see this as a strong sign that the Brevard economy is recovering and we expect to see an increase in property transactions for the next three quarters,” he said.

About Crossman & Company
Headquartered in Orlando, Florida, Crossman & Company is a commercial real estate brokerage firm that specializes in the retail industry.  Currently their portfolio under leasing and/or management exceeds 150 shopping centers throughout the Southeast US.    Founded in 1990, Crossman & Company focuses solely on landlord representation and serves clients including Publix, PREIT, and GE.  Please visit www.crossmanco.com, or call 407-423-5400 for more information.