Lease Modification and Restructuring Services
Companies today are re-evaluating their footprint and questioning their occupancy costs. Tenants are fnding that they have too many locations, locations that are too big, and locations that are costing too much.
Keen-Summit Capital Partners LLC renegotiates leases and delivers results. Our team of real estate professionals has unsurpassed experience successfully negotiating rent reductions, lease modifcations, and lease terminations worldwide.
Examples of Lease Renegotiation and Termination Projects
Successfully negotiated lease modifications on ~300 leases in 7 weeks – resulted in nearly $5 million in savings
Enesco (acquisition of Things Remembered) - Successfully negotiated and documented lease modification agreements on 176 leases in 4-weeks; ~$24 million in occupancy cost savings realized
Negotiated lease terminations as part of company’s wind-down of its bricks and mortar operation - achieved substantial savings from the remaining leasehold liability
Negotiated Lease Modification Agreements resulting in over $7,000,000 in savings on behalf of buyer of company
Negotiated Lease Modification Agreements resulting in approximately $13,000,000 in savings on behalf of buyer of company
Successfully negotiated the termination of Andersen’s office leases nationwide saving $100’s of millions in leasehold liabilities