VER, Production Resource Group, LLC (PRG)

INDUSTRY

Real Estate

Summary

Following its acquisition of VER, Production Resource Group, L.L.C. (PRG), a global provider of entertainment and event technology, hired Hilco Real Estate to reposition its real estate portfolio, including the disposition of some redundant/non-core assets. The Hilco team negotiated lease restructures/dispositions on numerous office and industrial leases, generating millions in savings. In addition, Hilco successfully terminated PRG’s New York office lease at a significant savings for the client. Hilco also provided tenant representation services which consisted of securing new leases at nine warehouse/distribution locations across the country, comprising over 600,000 SF of space.

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