REAL ESTATE

Crossroads Cos. names leasing head

BY Katherine Boccaccio

Mahwah, N.J. — Crossroad Cos. announced Thursday that it has named Carlo J. Caparruva as EVP of leasing services, charged with overseeing all leasing activities related to Crossroads’ development projects and existing portfolio, as well as third-party real estate services.

Crossroads’ portfolio encompasses approximately 700,000 sq. ft. of grocery-anchored shopping centers and free-standing single net-leased properties throughout New Jersey and Rockland County, N.Y. The company said it is focusing on expanding its market presence in Central and Northern New Jersey as well as Rockland and Orange counties in New York.

Caparruva previously served as a director with Fameco Real Estate and as a principal and broker of record with Fidelity Properties.

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REAL ESTATE

Transwestern names property management exec

BY Katherine Boccaccio

Atlanta — Transwestern’s Atlanta office announced Thursday that Russell Lipscomb has been promoted to SVP of property management services.

In his new role, Lipscomb will expand his oversight into business development initiatives and engage in new pursuits to further expand Transwestern’s footprint throughout the Southeast. He will continue to direct a team of 43 property management professionals and provide oversight for all Atlanta-based property management assignments.

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REAL ESTATE

Jones Lang LaSalle closes sale of Myrtle Beach open-air portfolio

BY Katherine Boccaccio

Myrtle Beach, S.C. — Jones Lang LaSalle said Thursday it has closed the sale of Windy Hill Shopping Center and North Village Center on behalf of Equity One.

America’s Realty purchased the two adjacent shopping centers totaling 128,821 sq. ft. and anchored by Roses, Goodwill, Dollar General and Cititrends.

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