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Surplus Disposition
Retailers often have store sites they need to sub-lease to mitigate losses on under performing units or because of expansion to larger facilities.
Legend Properties, Inc. has extensive experience working with retailers to unload those unwanted lease liabilities. We aggressively market to all potential users and move a project to close as quickly as possible. If needed we are savvy negotiators when approaching ownership to arrange a buy-out of our client's lease obligations.
Legend coordinates the process of disposition of your property, including the use of our standardized documents and guidelines for marketing properties. We constantly report progress so that our clients are aware of the disposition process every step of the way.
Legend always prepares professional marketing material to display the opportunities to prospective users.
Accomplishments...
 Boston Market
When Boston Market bought Roy Rogers they hired Legend Properties, Inc. to dispose of over 35-units that were not going to be utilized by the company. Legend Properties, Inc., through an aggressive marketing campaign, sold or leased almost all of those units.
 MRO/Hardees
Legend Properties, Inc. represents MRO Restaurant group in handling their surplus Pizza Hut and Hardees units. Legend Properties, Inc. has completed several transactions including new deals with Wendy's, Enterprise Car Leasing and Popeye's Chicken.
Pizza Hut - Legend Properties was appointed exclusive broker representing Duckery Enterprises in the disposition of approximately 41 Pizza Hut units. Steven DePetris has sold over 20 units in the Philadelphia area.
Circuit City
Legend Properties has subleased several stores in less than 90 days.
Giant
Legend Properties has leased the 48,000 sf former grocery store in the Mac Arthur Town Center to Value City Furniture.
Staples
Legend Properties has subleased the 47,000 sf Staples in Warminster Plaza.
Service Merchandise
Legend Properties has leased and sold the former Service Merchandise building in Wilkes Barre, PA.
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