EXCESS SPACE RETAIL SERVICES RETAINED BY CARIBOU COFFEE, INC.
LAKE SUCCESS, New York – Caribou Coffee Incorporated has selected Excess Space Retail Services, Inc. (ESRS), the leading specialist in real estate disposition and lease restructuring for retailers nationwide to exclusively manage the strategic disposition of a limited number assets. These stores range in size from 1,400 to 2,500 square feet and are located 13 states across the nation.
Heading the real estate disposition assignment for ESRS will be Howard Goldfarb, Chief Operating Officer, from the firm's East Coast Office in Lake Success, New York.
About Excess Space Retail Services, Inc.
Founded in 1992, Excess Space, with offices in Lake Success, New York and Huntington Beach, California, has set the industry standard for providing leading national and regional retailers with "best-in-class" real estate disposition, lease restructuring and lease renewal services. During the company’s 15-year history, Excess Space has successfully disposed of and restructured leases for over 130 national and regional retailers. For more information about the privately held firm, call Al Williams at (866) 594-9800 ext. 211 or reference the company’s Web site at www.excessspace.com.
About Caribou Coffee (NASDAQ: CBOU)
Caribou Coffee Company, Inc., founded in 1992 and headquartered in Minneapolis, Minnesota, is the second largest, company owned, gourmet coffeehouse operator in the United States based on the number of coffee houses. As of April 2007, Caribou Coffee operates 475 coffeehouses worldwide, offering its customer high-quality, gourmet coffee and expresso-based beverages, as well as specialty teas, baked goods, whole bean coffee, branded merchandise and related products. Caribou Coffee also sells products to entertainment venues, college campuses and other commercial customers. In addition, Caribou Coffee licenses third parties to use the Caribou Coffee brand on quality food and merchandise items. For more information, visit the Caribou Coffee Web Site at www.cariboucoffee.com.
For specific information about the Caribou project please contact Howard Goldfarb at (800) 435-8384 ext. 227.