Rosen Harbottle Commercial Real Estate owns and operates almost 4 million square feet, including over 50 +restaurants.
Larry Hamlin has been instrumental in providing guidance to us and our restaurant tenants.
We are often confronted with making a choice as to which tenant and concept we should consider for a location. Larry assists us by talking to the tenants to ascertain their viability both financially and operationally. Larry provides invaluable guidance regarding the amount we might invest in tenant improvements as other terms and conditions for the lease, which in turn helps to ensure the longevity of the tenant.
Another important function Larry’s team provides is dealing with financially troubled tenants. A real estate axiom you often hear, is: “your best tenant is likely to be your current tenant”, as turnover costs are likely to exhaust any upside one might have in finding a new tenant to occupy the location.
Larry has proved invaluable in guiding a troubled tenant toward success. A small investment on our part, in providing Larry’s expertise to the tenant, gives us and the tenant a plan to help the tenant reach profitability, and gives us a path to decide whether we should continue with the existing tenant or make the investment in a new tenant.
We have helped ourselves and our tenants at very little cost to downsize, renegotiate the lease, terminate, negotiate percentage rentals, and a myriad of options to improve or solidify our cash flow for restaurant tenants.
Larry’s efforts often result in his continuing to work for the tenant and guide them in their future efforts. His guidance is an invaluable part of our operations.
Stan Rosen
Rosen Harbottle Commercial Real Estate