A version of this question has been asked before on StackOverflow. You can look at the answers there for some options. To summarize, Mathematica currently does not natively support such a fine-grained encapsulation, which would certainly be a nice thing to have (IMO).
One simple thing you can do is to load the entire package via
(see this answer for an explanation), and then refer to your function by its long name:
You can then go further and create an alias in your current context, if you don't want to type the long name:
GraphCoordinates = GraphUtilities`GraphCoordinates
Since the loaded package is not on the
$ContextPath, this will not lead to shadowing. Note however that such aliases will work most of the time, but not always.
This workaround should work fine if you are ok to load the entire package and just don't want all its public functions to become public in your current context (
"Global`",or whatever it is). If you truly want to avoid even loading the entire package, you are (currently) out of luck.