From underperforming locations to shifts in trade area demographics and prototype changes, excess retail space creates real challenges for retailers. Surplus retail properties waste cash and result in unproductive balance sheet carrying costs. Disposing of excess space quickly at the right price through subleases, sales, terminations, buyouts and downsizing has been a core competency of SRS since 1986.
SRS has met nearly every challenge imaginable in the disposition of more than $6 billion in real estate obligations. Today, we provide retail disposition solutions for more than 60 clients across North America. We create value in the disposition of underperforming or surplus retail real estate locations to create income or reduce underlying carrying costs.
Disposing of excess space demands fast, targeted and effective marketing. It requires creativity to find new uses for the space and analysis tools to find voids in the local market. SRS Real Estate Partners meets our clients’ retail disposition challenges with expert execution that only North America’s largest real estate firm exclusively focused on retail can provide.
When disposition needs span across your portfolio or across multiple markets, it is time to bring in a team who has built a platform with the people, processes and tools that can quickly and successfully dispose of your excess retail space. Whether you have made a strategic shift, have surplus retail space as a result of mergers and acquisitions, or you are optimizing your supply chain for omni-channel distribution, SRS has successfully handled some of the most complex portfolio disposition assignments for some of the biggest retailers in the world. For just one of our clients, we successfully disposed of more than 1,200 properties, saving them more than $575 million in future carrying costs. To solve your biggest disposition challenges, learn more about our retail portfolio disposition services.