NEW YORK, NY, November 1, 2011 — New York-based RCS Real Estate Advisors, the pre-eminent real estate advisory firm to the retail industry, today announced that it has been retained by Priscilla of Boston to facilitate the closing of its business. RCS Real Estate Advisors President and CEO Ivan L. Friedman made the announcement.
RCS Real Estate Advisors will facilitate the closing of all 20 Priscilla of Boston locations, effective December 31, by negotiating cost-effective lease terminations or locating replacement tenants.
Priscilla of Boston announced its closing in early September.
RCS Real Estate Advisors was borne of professionals with decades of retail experience, who have been delivering meaningful and measurable results for retailers since 1981. The firm specializes in analyzing real estate portfolios, reducing occupancy costs and expanding footprints. Key transactional services include portfolio assessments, renewals, lease restructuring, terminations, dispositions and site selection. RCS also goes beyond the initial transaction to provide continuous management of a portfolio, ensuring the real estate performs at its optimal level. For more information, please visit www.rcsrealestate.com.
Founded in 1945 by bridal designer Priscilla Kidder, Priscilla of Boston is a multi-branded bridal company, focusing on premium global brands, which offered luxury collections that combined quality craftsmanship with flattering silhouettes. Please visit www.priscillaofboston.com for more information.