LAKE SUCCESS, NY. – MAY 16, 2012 – Excess Space Retail Services (“Excess Space”) is celebrating its 20-year anniversary as the first national consulting and advisory firm to specialize in surplus real estate disposition and lease restructuring for retailers.
The company was founded by President and CEO Michael Wiener (top right photo) in May 1992 and currently has offices in Lake Success, NY and Huntington Beach, Calif.
Highlights of Excess Space's success in the past 20 years include:
- Over $3.5 Billion in savings to clients
- Over 16,000 retail stores successfully disposed
- Over 7,000 retail leases effectively restructured
"In our 20 years, we have seen dramatic changes in the retail market including multiple peaks and valleys," said Wiener. "Today, albeit more cautiously, retailers have once again started to expand. In fact, many of those same retailers are simultaneously undertaking in-depth portfolio analyses, so as to identify weaker stores that can potentially be downsized, closed and/or relocated."
Wiener went on to say that there is also a definitive trend towards downsizing/rightsizing as companies adjust to smaller footprint requirements mostly as a result of very strong internet sales. For now and the foreseeable future, this trend will be a driving factor in many of the anticipated closings/relocations.
Contact:
David Ebeling
Ebeling Communications
(949) 278-7851
2 comments:
I am proud to have founded Excess Space with you 20-years ago. As the Chairman and Chief Operating Officer for the first 13-years we established a foundation strong enough to enable the company to soar to great heights. Congratulations - Mr. Wiener - Best Wishes for continued success.
--- Howard Makler ---
Founder:
Excess Space
Howie's Game Shack
WePOWER
Makler Retail
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