Excess Space Retail Services Retained by Rent-A-Center to Dispose of Excess Property.LAKE SUCCESS, N.Y. -- Rent-A-Center has selected Excess Space Retail Services, Inc. (ESRS ESRS European Sleep Research Society ESRS European Synchrotron Radiation Society ESRS Extra-pyramidal Symptoms Rating Scale ), 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 Lake Success is a village in Nassau County, New York in the United States. The population was 2,797 at the 2000 census. The Village of Lake Success is in the Town of North Hempstead on northwest Long Island. . About Rent-A-Center (NasdaqNM:RCII RCII Residential Commercial Institutional and Industrial ) 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 durable goods Goods, such as appliances and automobiles, that have a useful life over a number of periods. Firms that produce durable goods are often subject to wide fluctuations in sales and profits. Also called consumer durables. 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 Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. 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 Huntington Beach is a seaside city in Orange County in southern California. As of the 2000 census, the city population was 189,594. It is bordered by the Pacific Ocean on the west, by Seal Beach on the north, by Costa Mesa on the south, by Westminster on the northeast, and by , 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. |
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