CGS3 Inks Deal on Behalf of Decron Properties for Dollar Tree Location in Merced Marketplace
"Having two other successful locations in Merced, Dollar Tree is a proven commodity in the market and should be a tremendous asset to the Marketplace and an excellent addition to the merchandising mix," said Decron's commercial division director, Tim Kushner.
Dollar Tree is a discount retailer which now operates 15,370 stores across 48 states and five Canadian provinces. Open seven days a week, the discount retail stores offer an assortment of merchandise priced at $1 or less.
According to Chris Rizza, a CGS3 partner who helped facilitate the transaction, the deal presented some challenges as it was fully executed and negotiated during the COVID-19 lockdown, yet ultimately was a "win-win" for all parties involved.
"Who would have thought any new retail deals were going to survive – let alone be completed – during this unprecedented time," Rizza said. "Both parties were motivated, and, fortunately, we were able to navigate through various issues and mitigate the risk of a number of uncertainties in a cooperative manner."
About Crosbie Gliner Schiffman Southard & Swanson LLP (CGS3)
Since its inception in 2013, CGS3 has emerged as a new generation law firm that has quickly established a reputation as one of the leading commercial real estate law firms in California, attracting some of the state's finest real estate attorneys from both large corporate firms and senior in-house positions. With practice areas including finance, acquisition/
About Decron Properties Inc.
Decron Properties (https://www.decron.com) is one of the largest privately-owned real estate firms in California with 2020 revenues projected to be in excess of $225 million. Decron's portfolio includes approximately 8,600 apartment units and 1 million square feet of office and retail centers throughout California and Washington.