Background:

ExcessSpace has been a trusted partner to STAPLES since 1995. Similar to many very successful retailers, each year STAPLES reviews their store base to determine whether to close stores that are under-performing, no longer meet their current prototype and/or require a relocation. To date, our disposition program has saved STAPLES over $147,000,000.

Total Square Feet Disposed: 2,643,803

Average Building Size: 18,360 sq. ft.

Average Lease Term Remaining: 42.14 Months

Total Properties Disposed: 183

Average Rent Recovery: 97.13%