Case Study

Tide Cleaners

Tide Cleaners

Pages 1 Pages

Requirement The family that owned the former 2,760 sf bank branch at 26 Morris Turnpike in Summit, NJ was facing the bank’s lease expiration knowing that the lease more than likely would not be renewed. The primary reason was that the bank would possibly close not only this branch, but also many other branches throughout Northern New Jersey as well as nationally. Customers were rarely using the facility as they preferred today’s technology of on-line banking and ATM's. In early 2013, the family came to NAI James E. Hanson’s Senior Vice President Thomas Ryan to lease the property, even though the tenant’s lease had almost two (2) more years’ term remaining. The family owned many similar facilities and the banks that historically had been great long-term tenants were routinel

Join for free to read