CrossMarc Services Acquires Grocery-Anchored Shopping Center on U.S. 17 in Crescent City
By Post
Tampa Bay Newswire
Published: Nov 20, 2023

CRESCENT CITY, Fla. — CrossMarc Services, LLC of Winter Park purchased Crescent City Plaza, a 47,945 square foot grocery-anchored shopping center in the heart of Crescent City, Fla.

The $2,700,000 sale included the eight-unit storefront shopping center on 7.57 acres at 915-925 N. Summit St. (U.S. Hwy. 17).

Built in 1974 and remodeled in 2019, the center’s tenants include Save-A-Lot and Family Dollar. The large parcel provides for future outparcel development.

The seller, Jimmy and Leo Island Properties, was represented in the transaction by Jaidyn Smith, senior advisor for Legacy Real Estate Advisors.

“We are thrilled with this opportunity and we are seeking more value-add centers like this one,” said Christie Alexander, senior vice president at CrossMarc Services “Working with professionals like Jaidyn Smith makes deals like this happen seamlessly.”

CrossMarc Services will handle leasing and management functions for the retail center.

“We have more than 11,400 square feet currently available, and we look forward to adding some high credit tenants to the mix,” said Flavia Kanyago, CrossMarc Services’ vice president who will be leasing the center.