Background:

In 2013, this national specialty retail chain, with an average size store of 20,000 square feet, was determined to take forward looking measures in order to reduce real estate occupancy costs. After an extensive search including a thorough RFP process, this retailer retained ExcessSpace to exclusively manage and implement a best-in-class lease renewal and restructuring program. ExcessSpace’s results exceeded the client’s expectations, netting total savings of over $178,000,000 with and average savings of over $220,000 per transaction.

Assigned:  1,727

% of Successfully Amended Leases (Economic and Non-Economic Modifications):  47%