NEW YORK, NY – March 2, 2021 – New York-based RCS Real Estate Advisors, a premier retail real estate advisory services firm, is pleased to announce their role in facilitating the agreement reached between Premium Brands, the owner and operator of the Ann Taylor and LOFT apparel brands, and Lane Bryant, the owner and operator of the Lane Bryant apparel brand, and Simon Property Group, to keep all Ann Taylor, LOFT, and Lane Bryant stores located at Simon properties open.
“We are pleased to have played a key role for our clients Premium Brands and Lane Bryant by utilizing our long-standing landlord relationships to reach an agreement that is beneficial to both sides,” said Ivan L. Friedman, President and CEO of RCS Real Estate Advisors.
Related to this agreement, a filing was made with the bankruptcy court on February 18th to assume the leases involved. Furthermore, on February 19th Simon withdrew their objection to the confirmation of the go forward plan. Both actions were done to evidence the agreement that was reached.