WEST MARINE EXPANDS RELATIONSHIP WITH EXCESS SPACE RETAIL SERVICES, INC.
LAKE SUCCESS, New York – West Marine, Inc has selected Excess Space Retail Services, Inc. (ESRS), the leading consulting and advisory firm specializing in real estate disposition and lease restructuring for retailers nationwide to exclusively manage the disposition of 15 locations with an aggregate of 98,517 square feet located in 9 states across the nation and 1 location in Canada.
These stores range in size from 2,640 to 10,389 square feet and are located in Alabama, British Columbia (Canada), California, Connecticut, Florida, Georgia, Michigan, New York, Texas and Wisconsin. Heading the real estate disposition assignment for ESRS will be Justin Glenn, Director, 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 17-year history, Excess Space has successfully disposed of and restructured leases for over 140 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 West Marine, Inc. (NYSE: WMAR)
West Marine, Inc., together with its subsidiaries, operates as a boating supplies retailer in the United States. The company operates through three segments: Stores, Port Supply, and Direct Sales. The Stores segment operates stores that offer hardware and supplies needed for day-to-day boat maintenance and repairs. As of December 29, 2007, this segment had 372 stores in 38 states, Puerto Rico, and Canada. The Port Supply segment distributes marine supplies to approximately 43,000 domestic and international wholesale customers, including businesses involved in boat sales, boat building, boat commissioning and repair, yacht chartering, marina operations, and boating-related activities. It also serves government and industrial customers who use the company's products for non-boating purposes. The Direct Sales segment offers product information, online product advisors and technical information; consumer product reviews; boating articles; and videos of customer interest to boating enthusiasts through its catalogs and Internet e-commerce Websites. The company was founded in 1976 and is based in Watsonville, California.
For specific information about the West Marine project please contact Justin Glenn at (800) 435-8384 ext. 237.