The Guess Corp. is moving forward with its plans to expand into the gas station and convenience store markets.
Following the release of the company’s designs for its new gas station and convenience store concept, The Guess Corp. has announced that it has chosen Newmark Grubb Knight Frank, a global commercial real estate firm, to act as the company’s exclusive commercial real estate broker.
As the company’s broker of record, the firm will provide full-service real estate services to the company and all of its subsidiaries. Dean Tselepis, director at Newmark Grubb Knight Frank is leading the engagement with the company. The firm will oversee the acquisition of sites for the gas/convenience stores, commercial land purchases and commercial building purchases across all businesses of The Guess Corp.
“Our team is pleased to be working with The Guess Corp. on its multi-faceted real estate expansion,” said Dean Tselepis. “Providing an upscale gas/convenience experience with its innovative c-store concept will differentiate the firm amongst competitors in markets throughout the country.”
Newmark Grubb Knight Frank will provide site selection, analysis, negotiation and facilitate the closing of all transactions for The Guess Corp.
“We are delighted to have the support of Newmark Grubb Knight Frank as our real estate broker of record, their firm is well-suited to take care of our real estate needs across the country and globally,” said Cutie Shrestha, senior executive vice-president and chief development officer for The Guess Corp.
The firm will be responsible for helping the petroleum unit of The Guess Corp. build a portfolio of 1,000 gas/convenience stores over the next 12 months. In addition, Newmark Grubb Knight Frank will handle site selection for The Guess Corp.’s hotel, country club, healthcare, automotive and retail merchant businesses. Other assignments will include corporate real estate projects such as office building acquisitions and leases.