Success Stories

CASE STUDY

National Big Box Specialty Retail Chain

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 Excess Space to exclusively manage and implement a best-in-class lease renewal and restructuring program. Excess Space’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.

Results:

Assigned:  1,727

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

Total Savings:  $178,756,123

Excess Space, a Newmark Knight Frank company

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

©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