Due to some strategic shifts, ABC liquor was looking to consolidate some of their retail locations. Through this consolidation, however, they did not want to sell, and therefore lose, the properties. They needed an open-minded and creative partner, with the market knowledge necessary to help them utilize the properties in the most advantageous way possible.
The Franklin Street Solution
To fulfill the needs of this client, our team creatively built a plan to redevelop or ground lease the sites that ABC wanted to consolidate. After going to market, our team was able to secure numerous long term deals that exceeded any revenues that were lost after closing down the locations. Our experts utilized their market knowledge and marketing ability to find the best suited long-term tenants with the lowest risk to lease these properties. Franklin Street’s Retailer 360 Disposition team was by the client’s side through every step of the process, ensuring that no surprises would arise. By helping ABC Liquor to create diverse income through disposition, we will be able to stabilize incomes through any adverse changes that are possible in the liquor world.