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Development company announces purchase

December 29, 2013
Reinbeck Courier

New York-based real estate developer Extell Development Company, announced that is has purchased the 846,434 square foot regional mall, Crossroads Center, in Waterloo, Iowa. Crossroads Center is located in Blackhawk County, Iowa and serves the Waterloo and Cedar Falls markets. Anchored by Dillard's, Gordmans, J.C. Penney, Sears and Younkers, the center features over 70 stores.

Extell Development Company is a nationally acclaimed real estate developer with experience in residential, commercial and retail projects. The multi-faceted company also has a foothold in Boston and Chicago. "We are pleased to be part of this established regional retail center with great potential," said Gary Barnett, President of Extell Development Company.

We are looking to commit immediate resources to Crossroads Center to make it a premier shopping destination for the communities that it serves."

Crossroads Center will continue to be leased and managed by Spinoso Real Estate Group. Spinoso has been working with Crossroads Center since November of 2012. "We look forward to continuing our efforts to lease and upgrade Crossroads Center working closely with Extell Development Company. We are committed to re-establishing Crossroads Center as Blackhawk County's premier shopping destination," said Carmen Spinoso, President/CEO of Spinoso Real Estate Group.

About Extell Development Company.

Founded and headed by Gary Barnett, Extell Development Company is a nationally acclaimed real estate developer of residential, commercial, retail, hospitality and mixed-use properties. In collaboration with world class architects and design professionals Extell creates properties distinguished by sophisticated design, gracious floor plans and first class amenities. Extell has earned a stellar reputation for its dedication to excellence, exceptional attention to quality and detail. For more information, visit



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