Services

LEASE RESTRUCTURING

OPTIMIZING LEASEHOLD VALUES UTILIZING OUR LEASE RESTRUCTURING AND LEASE RENEWAL SERVICES

Increased Accountability

We offer a wide range of lease restructuring and lease renewal services (rent reductions; partial lease terminations; lease amendments and modifications, etc.), to further assist our clients in mitigating leasehold exposure. Whether a retailer’s lease restructuring or lease renewal goals are related to M&A activity, underperforming locations, relocations, downsizings, change in prototype or in the normal course of business (i.e., pending critical dates), Excess Space implements Best-In-Class programs focused on maximizing the value of real estate. These programs require more information, time and resources than ever before and have become critically important as retailers are constantly facing economic and competitive pressures as well as an on-going need to control expenses. We have worked on projects of varying degrees, from simply improving a client’s bottom line, to the very complex solutions geared towards avoiding a client’s bankruptcy.

Superior Program

Retailers, with real estate departments that are already overextended, frequently find it difficult to reallocate day-to-day workloads to manage these time intensive initiatives. With Excess Space managing the overall process (or a portion thereof, as an adjunct to your existing department), we generate real savings by negotiating lease renewals and other lease restructuring goals well ahead of critical dates. This allows retailers to become immune to the cyclical nature of annual lease renewals and inevitable program disruptions due to staffing issues.

Our program provides you with:

  • An independent valuation for each site utilizing our national broker network. We provide our clients with valuations ranging from broker opinions of value to comprehensive site and market data designed to empower informed decision-making and produce superior results
  • A detailed review of all lease documentation by our in-house experts to discover any lease language that can be leveraged during landlord negotiations
  • Recommendations identifying specific lease language to revise or eliminate
  • Comprehensive reporting and financial analysis throughout the process
  • Site-specific strategies and recommendations
  • Implementation of client-approved strategies and goals by our in-house expert negotiators
  • Additional checks and balances regarding the management of critical dates for lease renewals

Extensive Resources

Our lease restructuring and lease renewal initiatives are implemented by Excess Space’s highly experienced, results-driven team that provides the highest degree of stability to a retailer’s lease restructuring and/or lease renewal program along with the knowledge and comfort needed to make informed and timely decisions.

Meeting Your Needs

Excess Space evaluates each project and makes recommendations as to the best path of execution to accomplish your lease restructuring objectives.

 

Excess Space, a Newmark Knight Frank company

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East Coast Office:

One Hollow Lane, Suite 206
Lake Success, NY 11042

Phone: (516) 365-6400

Fax: (516) 365-2946

West Coast Office:

2130 Main Street, Suite 220
Huntington Beach, CA 92648

Phone: (714) 594-9800

Fax: (714) 536-1884

©2019 Excess Space Retail Services Inc.
All Rights Reserved|Legal & Privacy Statements

Excess Space, a Newmark Knight Frank company

©2019 Excess Space Retail Services Inc.
All Rights Reserved|Legal & Privacy Statements

Social Media:

East Coast Office:

One Hollow Lane, Suite 206
Lake Success, NY 11042

Phone: (516) 365-6400

Fax: (516) 365-2946

West Coast Office:

2130 Main Street, Suite 220
Huntington Beach, CA 92648

 

Phone: (714) 594-9800

Fax: (714) 536-1884