Master Broker Services
One of the most productive and cost-effective means of outsourcing and managing a retailer’s growth and expansion is by establishing a relationship as a master broker. We are able to offer retailers a single point of contact for all of their active growth plans on a local, regional or national level.
The trend in retail real estate over the past decade has been towards many major, growing retail chains retaining a master broker to help oversee and direct what can be a very labor intensive, time-consuming process of managing a network of brokers in each particular target market. Engaging a master broker not only improves efficiency, but also typically results in tremendous cost savings for the retailer.
The master broker’s role is to work in accordance with the retailer’s internal decision maker to streamline the flow of communication and data through a precise method of reporting, helping to improve the decision making process and expedite the overall expansion program, while reducing redundancies and extraneous expenses.
Key Benefits of Master Brokerage:
The single most important advantage to outsourcing is the money saved by eliminating the overhead of staffing and operating a full real estate department. The internal costs associated with a national rollout of stores becomes even more significant as the need for multiple reps and field offices arise, as most real estate mangers are experienced in just one particular region of the country. We eliminate the need for multiple in-house field reps as we leverage our national network of brokerage partners that includes over fifty prominent local and regional real estate firms located throughout the entire country.
Our compensation is typically set up as a fee-based structure with the Landlord solely responsible for the entire fee. This allows retailers the ability to retain our services without charge. On an as-needed basis, we can operate on retainer for a client who may require additional consulting services beyond normal site selection duties.
The expansion plans of a retail chain can change overnight as many internal and external variables can dictate change in either direction. We offer retailers the ability to react quickly to market conditions. We are able to instantaneously and dramatically accelerate an expansion program by way of our already- established infrastructure. And, since the majority of clients retain us on a “no fee” basis, a decision to halt expansion is a lot less painful than having to dismantle an entire real estate department with every change occurring in the marketplace.
The retail real estate business is no different than most sectors of our economy. It is critical to engage the services of highly skilled, experienced professionals to provide the resources necessary to grow a retail chain. Our seasoned team of experts, many with in-house retail experience, provides retailers with the ability to leverage our long-standing relationships with landlords, developers, brokers and retailers. We pride ourselves on our integrity. Our reputation in the marketplace comes from putting the needs of our clients first.
We know and understand the needs of all retailers, big and small, national and local. Since our beginning in 2001, the cornerstone of our business has been representing retailers across the country. Our tenant representation is markedly different because we know what retailers need.
We offer local expertise and national experience with:
- Strategic market planning
- Advanced market research technologies
- Site selection and acquisitions
- Complete transaction management
Our landlord representation teams represent developers and owners with a sophisticated approach to retail real estate. Our vast selection of resources coupled with our strong tenant relationships allows us to build a customized approach to each leasing opportunity. Using the most up-to-date databases, technology and marketing, we give each project maximum visibility and provide accurate and timely reports of marketing activity. We follow through on our commitments and are dedicated to a successful and timely completion.
Retailer Disposition Services
We free your company of excess space and perform a valuation analysis to determine what disposition services are needed. We can reduce your financial exposure, allowing you to concentrate on your core business.
Our teams provide comprehensive disposition services, whether your objectives are to dispose of excess space or aging property, M&A activity, relocations, bulk transactions or corporate restructuring.
Our services include:
- Disposition of fee-owned property
- Lease termination
- Sub-lease and lease agreements
Working closely with buyers, sellers and our leasing specialists, our team brings a unique blend of local market knowledge together with an understanding of capital markets to drive value for our clients in every investment transaction.
We offer clients expertise in the following property classifications:
- Multi-tenant retail
- Regional malls
- Single-tenant retail (owner/user or leased)
Recognizing a need for specialized real estate services presented from the retailer perspective, we launched Western Retail Advisors in 2001.
In the past, many retailers had no alternative but to work with brokers representing only the best interests of the landlord community. Many members of our team have worked in-house for some of the country’s most well respected retailers, so we truly understand real estate requirements from the retailer’s view.
As demand for our retailer-focused services and counsel has grown, we’ve expanded from our initial offering of master broker services and retail tenant representation to a full array of commercial real estate services.
Today, as one of the country’s leading retail brokerage firms, Western Retail Advisors offers strategic, end-to-end solutions in several critical areas of retail real estate.