|EXCESS SPACE RETAIL SERVICES RETAINED BY RENT-A-CENTER TO DISPOSE OF 145 LOCATIONS
LAKE SUCCESS, New York - Rent-A-Center 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 disposition of 145 locations with an aggregate of 590,024 square feet located in 31 States across the nation.
The 145 stores range from 1,950 to 9,700 square feet and are located in Alabama, Arkansans, Arizona, Connecticut, Delaware, Florida, Georgia, Iowa, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Mississippi, North Carolina, New Hampshire, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Vermont.
Heading the real estate disposition assignment for ESRS will be Ben Dulman, Senior Managing Director, and Paul Godles, Managing 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 15-year history, Excess Space has successfully disposed of and restructured leases for over 125 national and regional retailers. For more information about the privately- held firm, contact Al Williams (866) 594-9800 ext. 211 or visit their Web site at www.excessspace.com.
About Rent-A-Center (NasdaqNM:RCII)
Rent-A-Center, Inc. operates in the rent-to-own industry in the United States. Its stores primarily offer merchandise from four basic product categories: consumer electronics, appliances, computers, and furniture and accessories, under flexible rental purchase agreements that generally allow the customer to obtain ownership of the merchandise at the conclusion of an agreed upon rental period. Its consumer electronic products include wide-screen televisions, DVD players and recorders, home theatre systems, digital cameras, and stereos. The company’s appliances are comprised of washing machines, dryers, microwave ovens, freezers, and ranges. It offers personal and laptop computers, as well as provides various furniture products, including dining room, living room, and bedroom furniture. In addition, it offers accessories, which include pictures, lamps, and tables that are rented as part of a package of items. As of December 31, 2004, Rent-A-Center operated 2,875 stores throughout the United States, and in Canada and Puerto Rico. Its subsidiary, ColorTyme, Inc., franchised 313 stores in 40 states, as of the above date. The company has strategic alliances with McDonald’s and Jackson-Hewitt. Rent-A-Center was incorporated in 1986 and is headquartered in Plano, Texas.
For specific information about the Rent-A-Center project please contact Paul Godles at (800) 435-8384 ext. 225.