Disposing of excess space and the associated contingent liabilities presents a unique set of challenges for today’s retailer. Creative Realty Group’s expertise not only in surplus leasehold and fee properties but lease restructuring, guarantees, and bankruptcy, provide a retailer a full-service disposition firm. From the beginning of an assignment, we assist a retailer in developing disposition strategies along with the corresponding financial and reserve analysis.
The procurement of replacement tenants is a key cornerstone of any successful disposition program. CRG not only uses its established local broker network to find replacement tenants, but also has a dedicated in-house team actively searching for and working with national, regional and local tenants.
CRG acts as a third party in negotiating buyouts and restructuring leases with landlords. This puts retailers in the valuable position of being at an arms-length away from direct negotiation. We become an extension of the company interfacing with the real estate, finance, legal and construction departments of the retailer to ensure expedited disposition process.