Rent-A-Center has selected Excess Space Retail Services, Inc. (ESRS), the leading specialist in real estate disposition and lease restructuring for retailers nationwide to exclusively manage the disposition of approximately 220 store locations which are being closed in connection with Rent-A-Center’s previously announced store consolidation plan.
Heading the real estate disposition assignment for ESRS will be Ben Dulman, Senior Managing Director, and Paul Godles, Managing Director, from the firm's East Coast Office in Lake Success, New York.
About Rent-A-Center (NasdaqNM:RCII)
Rent-A-Center, Inc., headquartered in Plano, Texas, currently operates approximately 3,355 company-owned stores nationwide and in Canada and Puerto Rico. The stores generally offer high-quality, durable goods such as major consumer electronics, appliances, computers and furniture and accessories under flexible rental purchase agreements that generally allow the customer to obtain ownership of the merchandise at the conclusion of an agreed upon rental period. ColorTyme, Inc., a wholly owned subsidiary of the Company, is a national franchiser of approximately 210 rent-to-own stores operating under the trade name of "ColorTyme."
About Excess Space Retail Services, Inc.
Founded in 1992, Excess Space, with offices in Lake Success, New York and Huntington Beach, California, has set the industry standard for providing leading national and regional retailers with “best-in-class” real estate disposition, lease restructuring and lease renewal services. During the company’s 15-year history, Excess Space has successfully disposed of and restructured leases for over 125 national and regional retailers. For more information about the privately-held firm, contact Al Williams, 866-594-9800 ext. 211 or visit their Web site at www.excessspace.com.