RCS Real Estate Advisors (RCS), a national retail real estate advisory firm specializing in restructuring, portfolio optimization and growth strategies, proudly announces its 2024 midyear achievements, which include 17 new store openings and an additional 25 retail leases, totaling nearly 260,000 square feet. RCS also forged impactful partnerships with U.K.-based PureGym to drive the expansion of its Pure Fitness brand within the U.S. and Canada, and with Express, Inc. (“Express”) to realign rents with sales performance at its remaining store locations following its recent restructuring.
“We’re extremely proud of our achievements this year and the significant impact we’ve had on our clients’ real estate portfolios,” said Ivan Friedman, President and CEO at RCS Real Estate Advisors. “We’ve strengthened our relationships with long-standing clients and secured new strategic partnerships with major retailers. As we move forward in 2024, we’re eager to continue driving growth by helping our clients enhance and expand their real estate portfolios, restructure operations and right-size their leases.”
In January, RCS announced a partnership with PureGym, Europe’s second-largest fitness operator, to expand its Pure Fitness concept across the U.S. and Canada. With nearly 600 gyms globally, Pure Fitness is looking to leverage RCS’s expertise in site selection and lease negotiation to bolster its North American presence and attract qualified franchisees.
Most recently, Express tapped RCS to spearhead the strategic realignment and right-sizing of the retailer’s U.S. lease portfolio and operations at 400 Express locations in conjunction with its court-supervised restructuring process.
In the first half of the year, RCS opened 17 new store locations totaling 50,000 square feet, including six Fan Outfitters stores, four Cole Haan stores, three Francesa’s stores, two OrangeTwist medspas, one Lids and one Lids College store. RCS also executed an additional 25 leases encompassing over 210,000 square feet on behalf of its clients.
Thirty-nine new leases and store openings are planned for the remainder of 2024 and into 2025.
About RCS Real Estate Advisors
Founded in 1981, RCS Real Estate Advisors (RCS) is a leading national retail real estate advisory firm that provides innovative, tenant-centric solutions for complex real estate challenges. RCS’s team of industry veterans use their in-depth retail knowledge and experience to fight tenaciously for their client’s long-term success. RCS maximizes returns and protects its clients from entering into bad agreements, with a deal-structure mindset rooted in a forward-looking, risk-averse approach. The firm specializes in reducing occupancy costs, restructuring leases and expanding physical footprints.
RCS excels at identifying and exploiting investment and expansion opportunities because it sees the world through retailers’ eyes. For more than four decades, retailers have trusted RCS to strike the best, most favorable lease terms, preserve profitable locations, select the best sites for expansion and growth, and monetize real estate. For more information, visit: https://www.rcsrealestate.com/about-us/
###
Related Articles
True Religion Retains RCS Real Estate Advisors to Spearhead...
September 27, 2023NEW YORK (Sept. 27, 2023) — RCS Real Estate Advisors (RCS), a premier retail real estate advisor, to [...]
Leading European Fitness Operator PureGym Announces Partnership to Drive...
January 17, 2024PureGym, the leading fitness operator in the U.K. and the second largest operator in Europe, has par [...]