RCS Real Estate Advisors Leads Process to Market Forever 21 Leases

Mar 17 2025

RCS Real Estate Advisors, a leading national retail real estate advisory firm specializing in restructuring and portfolio optimization, has been retained by Forever 21 to market and sell its lease portfolio in the U.S. This initiative provides retailers and landlords with a rare opportunity to bid for prime retail spaces in high-traffic locations across the country.

“RCS is uniquely positioned to market Forever 21’s extensive lease portfolio strategically, ensuring these well-located retail spaces quickly find new tenants,” said Brad Sell, Chief Financial Officer at Forever 21. “These properties offer tremendous opportunities for retailers looking to expand their footprint in key shopping destinations.”

Forever 21’s portfolio includes approximately 360 store leases across major U.S. markets totaling 7.6 million square feet. Store sizes range from 4,000 to 150,000 square feet – with an average size of approximately 21,000 square feet – providing flexible opportunities for various retail formats. RCS will lead efforts to maximize lease value, aligning with the evolving needs of today’s retailers.

“We’re committed to helping Forever 21 maximize the value of these leases while providing retailers with access to premium locations at competitive lease terms,” said Spence Mehl, Partner at RCS Real Estate Advisors. “With demand for high-traffic retail space remaining strong, this portfolio represents a significant opportunity for growth-minded brands.”

RCS will actively market these properties through targeted outreach, industry partnerships and specialized real estate platforms. The RCS website will feature a comprehensive list of available locations, including lease terms and property details.

To learn more about RCS Real Estate Advisors and available Forever 21 properties, visit www.rcsrealestate.com.

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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