Value Delivered
USM arranged comprehensive site inspections to provide asset visibility at a crucial time: lease renewal negotiations. The program provided essential information that helped our client cut costs and, in many cases, avoid expenses from asset upgrades.
Client Objectives
The client wanted to upgrade, refurbish, or replace assets within an aging portfolio of retail stores in a cost-effective manner.
Solutions
USM was contracted to visually inspect the grounds, roof, HVAC units, structural defects, flooring, restrooms, lighting, offices, walls, and other critical assets prior to the end of leases.
Following the inspections, we provided the information needed to request upgrades or replacement of existing assets. With this data, the retailer was able to negotiate a number of improvements as a part of their lease renewals. Their landlords often contributed substantial funds or rent deferrals in order to pay for the work.
Client Background
Our client operates a chain of over 1,100 retail stores offering a wide assortment of domestic merchandise and home furnishings, including food, giftware, health and beauty care items, and infant and toddler merchandise.