RCS Real Estate Advisors Highlights 2024 Achievements

Dec 18 2024

RCS Real Estate Advisors, a leading national retail real estate advisory firm, celebrates a transformative year defined by significant achievements and strategic partnerships that reinforce its position as a trusted leader in tenant-focused real estate strategies. From driving expansion initiatives to facilitating successful restructurings, 2024 has been a year of milestones and measurable impact for the firm.

“This year’s achievements highlight our unwavering commitment to creating value and driving success for the companies we represent,” said Ivan Friedman, President and CEO of RCS Real Estate Advisors. “We’re proud of the milestones we’ve reached in 2024 and look forward to building on this momentum in 2025.”

RCS spearheaded the opening of 50 store locations, totaling nearly 220,000 square feet, and negotiated 23 additional leases covering close to 150,000 square feet that will open soon. With an additional 12 new leases in the pipeline, RCS continues to strengthen its position as a preferred partner in identifying prime real estate opportunities and delivering customized solutions for clients. RCS is pleased to support the growth of its clients including Cole Haan, Eric Emmanuel, Fan Outfitters, The Fragrance Outlet/Perfumania, Lids, Orange Twist, Puffy Cotton Candy, Savers and True Religion.

A key highlight of 2024 was RCS’s partnership with PureGym, the largest U.K.-based fitness operator and the second-largest in Europe. RCS is providing comprehensive site selection and lease negotiation expertise to support PureGym’s North American expansion of its Pure Fitness brand, to secure prime locations across the U.S. and Canada.

Expanding on this partnership, RCS played a critical role in PureGym’s $120 million acquisition of Blink Fitness assets. This transaction marked a significant step in strengthening PureGym’s presence in key U.S. markets, including New York and New Jersey. RCS’s expertise ensured the seamless integration of these assets and identified opportunities to enhance PureGym’s operational footprint in North America.

RCS also partnered with Express, Inc. to support the retailer’s financial restructuring to help preserve this legacy brand for its loyal customer base. This initiative involved closing approximately 95 Express stores, and all UpWest locations, while realigning rents with sales performance across a 400-location portfolio.

Looking ahead, RCS remains focused on delivering innovative, tenant-centric real estate solutions. From guiding growth and expansion strategies to driving financial realignments and restructurings, RCS continues to play a pivotal role in shaping the future of retail real estate.

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 clients’ 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/

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