Crossman & Company Leases 4,500 Square Feet To Mattress Barn At Palm Bay Commons
By Space Coast Daily // January 9, 2017
Thomas Bolen finalized agreement
BREVARD COUNTY • PALM BAY, FLORIDA – Crossman & Company, one of the Southeast’s largest retail leasing, property management and investment sales firms, has added Mattress Barn to an impressive leasing portfolio for the Palm Bay Commons in Palm Bay.
Crossman & Company Associate Thomas Bolen finalized the agreement for 4,500 square feet in the 9,000-square foot shopping destination, located at 1105 Palm Bay Road.
The experienced Crossman & Company team continues to show the ability to connect owners and client landlords like Palm Bay Commons with niche retail tenants.
“Once we engaged Thomas Bolen with Crossman and Company, we immediately had interest through his firm’s industry connections,” said Palm Bay Commons owner Ryan Hinricher of Investor Nation.
“It wasn’t long after that and we had multiple Letters of Intent from parties interested in leasing our space.”
The 9,000 square-foot center is located along the northern side of busy Palm Bay Road, an east-west major road that connects the I-95 to US 1 along the Melbourne/Palm Bay beachfront just a couple miles away.
ABOVE MAP: Crossman & Company Associate Thomas Bolen finalized the agreement for 4,500 square feet in the 9,000-square foot shopping destination, located at 1105 Palm Bay Road.
“Our goal was to stabilize the property; we accomplished that,” said Bolen
“The former tenant Mattress One moved west to the new I-95 interchange project. Our client faced no lapse in rent because we were able to backfill that space immediately with Mattress Barn.”
Palm Bay Commons is in the shadow of by BJ’ s Wholesale and surrounded by significant retail brands such as a Walmart Supercenter, Walgreens, Starbucks, Golden Corral Buffet & Grill, Office Depot, Chick-Fil-A and Denny’s.
Mattress Barn was represented by Duane Watson of Watson Commercial Real Estate of Merritt Island, Florida.
Serving Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina and Virginia with offices in Atlanta, Orlando, Tampa, Boca Raton and Miami, Crossman & Company has 27.1 million square feet under leasing and management comprising of 340 properties.
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