This pressure has further emphasized the need for retailers to wring economy out of their existing fleet through aggressive lease renewals or “blend and extend” programs, which can dramatically help control margin at the store level. Therefore, deciding which locations to renew, relocate or terminate and executing against that plan has never been more important than today.
Led by former retail executives and managers, and backed by hundreds of local market experts and research professionals, our Asset Management teams work with retailers to help create and execute against portfolio strategies tied to broader business goals. But optimizing market position and term while improving occupancy costs, although critically important, is only part of the equation. Tremendous indirect value is provided by our team’s customizable management reporting systems which not only provide our clients with real-time dashboard reporting on our progress, but allow for integration across other individual point solutions, such as Lease Administration and Facilities Maintenance, to ensure cross-function collaboration.