Atlanta-based Ronus Properties owns Crossroads Plaza, with Shopping Center Group taking on leasing duties there in October 2008. The center is currently 90% leased with anchors including Bed Bath & Beyond, Best Buy, Dick's Sporting Goods, Stein Mart and Marshalls.
"The challenging economy has forced property owners to take cost-cutting or controlling measures in an effort to decrease or eliminate expenses," says Alan Freeman, operating partner with the Shopping Center Group's Carolinas Division. "As a result, many now outsource leasing functions to local experts, realizing it is more cost efficient to tap contingency agents where costs are based on objectives achieved."
The Shopping Center Group, also based in Atlanta, handles leasing for 85 million square feet of retail space throughout the US. The firm has 21 offices coast to coast.
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