As financial institutions grow through mergers, expansions and changing strategic objectives, they are faced with closing facilities they no longer need. Depending on the then-market conditions, there are different strategies of disposing of closed facilities in order to achieve the highest value for our clients.

Paramount Partners draws upon our local and national commercial real estate relationships in order to identify the best candidates of companies, retailers and investors to market your property.

 

Based upon your circumstances and market conditions our approaches can include:

Sale of Vacated Property
Once an alternative site has been identified and the financial institution can move into its new quarters, this building would be sold “as is” to an end-user.

Sub-Leasing
Secure replacement tenants for vacated space.

Sale of Re-Tenanted Branch Facility
After the financial institution has relocated to a more strategic location within the trade area, the vacated property would be re-tenanted and then sold.

Accelerated Marketing/ Auctions
Paramount Partners can deliver expedited asset liquidations that require minimal sales cycles, while achieving maximum returns.

Paramount Partners understands auction fundamentals and the specific challenges of today’s economic climate and thus offers our clients creative, forward- thinking solutions, including: traditional live auctions, internet based sealed bid auctions and timed Internet only auctions to service a full range of needs.

We streamline the real estate disposition process for our clients. We get you out of the real estate business so you can focus on meeting customer needs.