Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New York & Tri-State  + New York  + Retail  |  March 15, 2024
Emily Fu
By: Emily Fu

Party City Taps ExcessSpace for Site Selection, Lease Renewal 

Newmark has announced that Excess Space Retail Services, Inc., a Newmark Company, will oversee Party City Holdco Inc.’s site selection and lease renewal programs. PCHI, a celebrations and party goods supplier, aims to optimize its nationwide portfolio of over 750 locations across 45 states. ExcessSpace will leverage its expertise to strategically select retail locations and negotiate favorable lease terms for Party City. 

“We look forward to leveraging our history and experience in effective and diligent tenant representation to ensure that Party City is well-situated with strategically selected retail locations and favorable lease terms,” said Michael Wiener, president of ExcessSpace. “We look forward to leading these programs and continuing to deliver for this iconic brand.”  

PCHI has enlisted ExcessSpace to enhance its portfolio of 750+ locations spanning 45 states nationwide. Recent restructuring efforts bolstered its financial position, securing a $562 million asset-based lending facility and a $75 million investment to support ongoing operations and distributions. 

Read More News Stories About: Newmark
Connect

Inside The Story

Michael Wiener

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
Order Reprints
  • ◦Lease
New call-to-action
New call-to-action