Large-Scale Facilities Reposition

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OUTCOME:

Hinckley Allen counseled a national financial institution through a large-scale reduction of locations. The client closed a substantial number of office and branch locations and undertook a national p ... rogram of repositioning its surplus real estate for sale, assignment of lease, lease or sublease. Hinckley Allen coordinated a nationwide disposition program working with brokers and title insurance companies throughout the country. Additionally the firm assisted in creating uniform documents for use in multiple jurisdictions to allow locations to be quickly sold or leased, saving the client substantial transaction costs and the significant costs of carrying surplus real estate.