Provided rent relief and liability caps as part of a real estate portfolio restructuring to support growth.

Pacific Sunwear, a casual apparel and footwear company, retained Gordon Brothers to craft a real estate strategy for their underperforming stores in order to improve the liquidity of the company. As Pacific Sunwear’s strategic real estate advisor, we were able to restructure the company’s real estate portfolio and address a number underperforming locations which were serious impediments to the company’s profitability.

Negotiating with the one of Pacific Sunwear’s largest mall landlords, we were able to restructure the leases of over 120 stores, while closing dozens more in order to streamline their operations. Strategically managing the company’s store footprint saved Pacific Sunwear over $50 million from lease liability and rent relief, and allowed the company to secure new lines of credit and an infusion of capital.