Saurage Rotenberg Commercial Real Estate
11.18.19How Prevalent are Rent Renegotiations for Ailing Retailers?

Article curated by Bob Kirby, Associate Broker for Saurage Rotenberg Commercial Real Estate, LLC

Written by Liz Wolf for National Reatail Investor | November 14, 2019

With store closings piling up, retail landlords are finding it easier to agree reduced rents to keep tenants operating. 

Fast-fashion retail giant Forever 21 will keep open 60 of its U.S. stores that previously were slated to be shuttered after the company filed for bankruptcy in September. That’s thanks to the struggling retailer securing rent cuts from its largest landlords, according to Bloomberg.

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Bob Kirby, a commercial leasing and sales consultant with Saurage Rotenberg Commercial Real Estate, LLC, has over 37 years of sales and management experience.  Licensed in Louisiana and Mississippi, Bob is a member of the Mississippi Commercial Association of REALTORS® (MCAR); the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID); a candidate member of the Certified Commercial Investment Member Institute (CCIM); and an affiliate member of the National Association of REALTORS® (NAR) and NAR Commercial.

Saurage Rotenberg Commercial Real Estate, LLC is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).

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H.N. “Hank” Saurage IV, CCIM / Saurage Rotenberg Commercial Real Estate, LLC / Licensed in Louisiana and Mississippi