Crossroads Companies, LLC
Established in 2001, Crossroads rapidly evolved from a start-up company that provided consulting services to supermarket chains and third-party developers to a regional development company with a portfolio valued at approximately $150 million. Comprehensive services include project development, consulting, management and leasing services. Crossroads' in-house team is comprised of talented professionals, with diverse backgrounds, whose business expertise spans development, marketing, leasing, construction, financing and property management.
Law of Supply and Demand: Number of Supermarkets Serving Densely Populated New Jersey/New York Region Tempered by Land Constraints and Regulatory Environment
Release Date: September 08, 2010Wachovia Opens 4,000-Square-Foot Branch at Crossroads at Somerset
Release Date: May 27, 2010Northern Rockland County's Retail Market: It's Broken and On The Mend
Release Date: May 20, 2010Empire Zone Incentives Provide Impetus for Development of 94,000-Square-Foot Crossroads at Stony Point
Release Date: April 26, 2010Crossroads at Somerset is at the Center of Franklin Township's Rebirth
Release Date: February 09, 2010Leasing Activity Remains Strong at Newly Repositioned Riverfront Plaza in Hackensack, N.J.
Release Date: January 08, 2010
Crossroads Companies, LLC
20 Ridge Road, Suite 210Mahwah, New Jersey 07430
http://www.crossroads-companies.com/
FACTS 2009
Media Contact: Evelyn Weiss Francisco/ (201) 796-7788 / evelyn@caryl.com
Company Overview
Crossroads Companies, LLC (Crossroads), is a regional development company with a portfolio that includes neighborhood and supermarket-anchored shopping centers. The company's development expertise extends from project conception to completion. Crossroads' in-house team is comprised of talented professionals with diverse backgrounds, whose business expertise spans development, marketing, leasing, construction, financing and property management. Crossroads has extensive experience with suburban, as well as mixed-use urban retail developments, as well as Brownfield remediation, construction management and project finance supervision.History
Established in 2001, Crossroads rapidly evolved from a start-up company that provided consulting services to supermarket chains and third-party developers to a regional development company with a portfolio valued at approximately $150 million. The firm was established by Steve Hittman, president, who background as a supermarket executive and extensive development experience over the course of a multi-decade career is reflected in the core holdings of the company's portfolio of supermarket-anchored shopping centers.Collaborative Partnerships
Crossroads provides project and investment advisory services on behalf of several prominent supermarket chains, including Inserra Supermarkets, one of northern NJ's largest and most successful ShopRite operators. Over the past decade Mr. Hittman has acted in a brokerage, consulting or development capacity with supermarket chains as diverse as Pathmark, A&P, Hannaford Brothers, Food Town, Genuardi's Family Markets, Village ShopRite and Safeway Supermarkets.Philosophy
Crossroads is committed to "seeing" a project through the eyes of both the developer, as well as its retail clients. The company has earned a reputation for designing user-friendly projects that maximize property values and sales potential of its occupants. The company combines the perspective of a private developer with that of a retail executive by emphasizing site selection, demographics, competitive impacts, shopping center design and the importance of operational efficiencies for retail operations. Crossroads' business strategy involves identifying and pursuing retail and mixed-use properties between 3 to 50 acres of land.Community Outreach
Crossroads, through its collaborative partnerships, is dedicated to supporting the residents and local not-for-profit and civic organizations throughout the communities in which each property is located. Past initiatives have involved local scouting groups, business associations, schools, religious groups and health and wellness organizations.Leadership
Stephen L. Hittman, president and founder, has been engaged in the development, management, and leasing of commercial properties over a multi-decade career. His expertise in land assemblages, property acquisitions, lease negotiations, entitlement approvals, dispositions, sale/lease-back, joint-ventures, financing and construction brings a unique perspective to every project. Prior to forming Crossroads Companies, he served as vice president and a director of real estate finance for a regional supermarket chain with 22 locations in New York, New Jersey and Connecticut. Over the course of a decade, he served as a key executive of the supermarket chain. Under his leadership, the store base increased from 22 to 36 stores and revenues doubled from $560 million to $1.2 billion.
Website: www.crossroads-companies.com