Bennett Realty & Development Retained By JLL For Walgreens Dispositions In New Jersey

Cision PR Newswire | March 05, 2020

Bennett Realty & Development (BRD) has been retained by JLL (Jones Lang LaSalle), a world leader in real estate services, to provide tenant disposition services to one of their highly sought-after clients, Walgreens. BRD will provide sales, leasing, and marketing support to JLL's Walgreens portfolio which includes former Rite Aid and Duane Reade stores in various locations throughout the state of New Jersey. With over 20 properties and more than 240,000 SF of total space, BRD will be responsible for valuation analysis, sourcing users, and selling real estate owned assets as well as all marketing efforts. Our competitive advantage is our expertise and deep roots in the New Jersey market and our data-driven approach to identifying end-users for each respective asset. We are humbled and excited about this new assignment. Through long-standing relations and confidence in our strategies and capabilities, we were able to be awarded this opportunity. We look forward to successfully executing this assignment in concert with JLL. Much of this real estate is irreplaceable and located in highly sought-after locales, says Tyler Bennett, Founder and CEO of Bennett Realty & Development.

Spotlight

Whether the rapid growth rises from fresh rounds of funding, the signing of multiple big clients or expanded sales (and sometimes, all three), the swelling business leads to exciting news: your staff needs to double from 100 to 200 people fast. The challenge: your office cannot accommodate that many people, so it’s time to find a new space. Punitive, complex leases. Terms that lock you into space for at least five years. Landlords who seem to find pleasure in lawsuits. Time-devouring tours of far-flung spaces, working closely with designers to ensure space matches your culture, getting the IT right. The oppressive to-do list goes on and on.

Spotlight

Whether the rapid growth rises from fresh rounds of funding, the signing of multiple big clients or expanded sales (and sometimes, all three), the swelling business leads to exciting news: your staff needs to double from 100 to 200 people fast. The challenge: your office cannot accommodate that many people, so it’s time to find a new space. Punitive, complex leases. Terms that lock you into space for at least five years. Landlords who seem to find pleasure in lawsuits. Time-devouring tours of far-flung spaces, working closely with designers to ensure space matches your culture, getting the IT right. The oppressive to-do list goes on and on.

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