DALLAS – SRS Real Estate Partners (SRS) has appointed Stan Heller as executive vice president of its lease administration service line. In his new role, Heller will focus on helping the lease restructure and renewal team in lowering client occupancy costs as well as pursuing new business for the company. The addition of Heller comes on the heels of a strategic move to grow the company’s lease administrative presence in the industry.
“With more than 35 years of retail real estate experience, our clients will benefit from the ‘inside the retailer’ point of view that Stan can provide,” said Steve Dawkins, executive vice president of SRS’ lease administration service line.
Prior to taking on the role as executive vice president, Heller worked with the SRS brokerage team for seven years providing tenant representation and disposition services.
“Many of our clients face a resource dilemma in the current economic environment. While the time is right to increase rent reduction efforts, clients are faced with the challenge of having to place valuable resources back into a difficult growth environment,” said Chris Maguire, CEO for SRS. “We are well positioned to augment client resources and help reduce occupancy costs of the existing portfolios allowing clients to aim internal resources at new growth.”
With shopping center vacancy rates at their highest point in decades, the level of concessions now being offered to tenants is unprecedented and landlords poaching from other centers is common. Retailers often need a partner with the coverage and speed to assist them in taking advantage of these conditions and improving their bottom line. SRS’ lease administration service line offers expert lease negotiation to its clients often saving them 10 to 20 percent of future lease expenses on 75 percent or more of the lease actions assigned to the company by clients.
About SRS Real Estate Partners:
SRS Real Estate Partners (SRS) is the largest national real estate company in the country exclusively dedicated to retail services. Headquartered in Dallas with multiple offices nationwide, SRS’ strong presence across the country provides the company with unparalleled local knowledge on a national platform. As a result, clients of SRS have a competitive edge through a full range of services including tenant representation, landlord representation, land brokerage, disposition services, investment services, lease administration, and managed services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. For more information, please visit srsre.com.
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