|EXCESS SPACE RETAIL SERVICES RETAINED BY SONIC CORPORATION
LAKE SUCCESS, New York – Sonic Corporation (NASDQ: SONC) 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 18 locations. These former retail locations and parcels of land are located in Alabama, Kansas, Kentucky, Kansas, Florida, Louisiana, Missouri, Tennessee, and Texas.
Heading the real estate disposition assignment for ESRS will be Ben Dulman, Senior 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 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 reference the company’s Web site at www.excessspace.com.
About Sonic (NYSE: SONC)
Sonic, America's Drive-In, originally started as a hamburger and root beer stand in 1953 in Shawnee, Okla., called Top Hat Drive-In, and then changed its name to Sonic in 1959. The first drive-in to adopt the Sonic name is still serving customers in Stillwater, Okla. Sonic has over 3,000 drive-ins coast to coast and in Mexico, where more than a million customers eat every day. For more information about Sonic Corp. and its subsidiaries, visit Sonic at http://www.sonicdrivein.com.
For specific information about the Sonic project please contact Ben Dulman at (800) 435-8384 ext. 228.