EXCESS SPACE RETAIL SERVICES RETAINED BY GE CAPITAL SOLUTIONS TO DISPOSE OF 22 LOCATIONS
LAKE SUCCESS, New York –GE Capital Solutions, Franchise Finance 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 22 locations with an aggregate of 76,393 square feet located in 11 states across the nation.
These stores range in size from 1,400 to 9,115 square feet and a 0.61 acre land parcel and are located in Alabama, Arkansas, Georgia, Illinois, Kansas, Kentucky, North Carolina, Ohio, South Carolina, Texas, and West Virginia. 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 GE Capital Solutions, Inc. (NYSE: GE)
General Electric Company (GE) operates as a technology, media, and financial services company worldwide. Its Infrastructure segment produces jet engines, turboprop and turbo shaft engines, and related replacement parts for use in military and commercial aircraft; wind turbines; aircraft engine derivatives; gas and steam turbines, and generators; drilling and production systems, compressors, turbines, turbo expanders, and industrial power generation equipment; diesel-electric locomotives; and water treatment solutions for industrial and municipal water systems. It also offers financial products and services for aviation and energy sectors, as well as engages in gathering, processing, transporting, and marketing natural gas and gas liquids. The company's Commercial Finance segment provides loans, leases, and other financial services to manufacturers, distributors, and end-users for various equipment and capital assets. It also provides capital and investment solutions. Its GE Money segment offers credit cards, loans, mortgages, and deposit and savings products to consumers and retailers. GE's Healthcare segment manufactures equipment for magnetic resonance, computed tomography, positron emission tomography, nuclear, and X-ray imaging. Its NBC Universal segment provides network television services; produces television programs and motion pictures; operates television stations; owns various cable/satellite television networks; and operates theme parks. GE's Industrial segment offers home appliances; lamp products; electrical distribution and control products; motors and control systems used in end-industrial and consumer products; commercial lighting systems; protection and productivity solutions; handheld and portable field calibrators; equipment for detection of material defects; stand-alone measurement instrumentation; and systems for validating or certifying commercial and industrial processes. The company was founded in 1892 and is based in Fairfield, Connecticut.
For specific information about the GE Capital Solutions project please contact Howard Goldfarb at (800) 435-8384 ext. 227.