Real Estate Strategies Corporation Supports Agfa's M&A in Toronto...Renegotiates Major Facility Lease in 45 Days
(February 1, 2010, Somerset, New Jersey): Andrew Zezas, SIOR, President and CEO of Real Estate Strategies Corporation, the New Jersey based corporate real estate advisory and transaction services firm announced today that in just 45 days it advised Agfa, Inc. in the successful renegotiation of a 180,000 square foot manufacturing facility lease in Toronto, Ontario, Canada.
“Through the application of our M&A Real Estate Services, on Agfa's behalf we were successful in renegotiating the terms of an inflexible and very costly long term 180,000 square foot lease for an important manufacturing facility, reducing the amount of leased space to 115,000 square feet and the term to a much shorter time period” stated Andrew Zezas. He went on “The lease renegotiation became an integral part of the overall success of the business acquisition Agfa made in Toronto. We were very excited to have been selected by Agfa for such an important engagement, and are pleased at having accomplished their objectives.” Gunther Mertens, Vice President Finance and Administration for Agfa offered “Securing favorable lease terms was an essential component of Agfa's strategy in this business acquisition. Real Estate Strategies Corporation put a tremendous effort into completing our project in an extremely short time. They were a valuable partner in our completing this important transaction.”
The
Agfa-Gevaert Group develops, produces and distributes an extensive
range of analog and digital imaging systems and IT solutions, mainly for
the printing industry and the healthcare sector, as well as for specific
industrial applications.
Real Estate
Strategies Corporation is a respected corporate advisory and
transaction services firm that provides thought-leadership, decision-making,
planning, project management and transaction execution services. Under
the leadership of its award-winning CEO, Andrew B. Zezas, "RealStrat"
advises financial and senior executives at management team-led public,
private, and portfolio companies, and not-for-profit organizations. Its
clients engage the firm when acquiring, disposing, renegotiating, or enhancing
occupied leased or owned real estate in New Jersey, Pennsylvania, New
York, Connecticut, and throughout North America. By creating and executing
Business DRIVEN Real Estate Solutions and identifying hidden Opportunities,
RealStrat drives greater operational and financial performance in support
of its clients' stakeholder objectives, M&A requirements, and exit
strategies.
In the current economic environment, RealStrat’s efforts are focused on uncovering, capturing, and re-purposing hidden liquidity and minimizing risk in its clients' leased and owned real estate. The firm provides counsel as to competitive advantage strategies in preparation for the eventual economic recovery. By restructuring existing leases, disposing of surplus property, structuring sale / leaseback transactions, securing new and replacement financing, and acquiring leased or owned real estate, RealStrat reduces its clients’ occupancy costs and risk, and increases their operational flexibility and resiliency. Many of the firm's clients have realized multiple seven figure present value cash benefits through the creative planning and execution of these strategies. Visit www.RealStrat.com.
LINKS:
RealStrat
News
Biographies
Articles
Properties
What Our Clients Say
AndrewZezas.com