Kirkland’s Signs On for 700,000 Sq. Ft. Distribution Center
Home décor retailer Kirkland's has leased a 771,000 sq. ft. distribution center in Jackson, Tenn., that will be built by New York-based REIT Lexington Corporate Properties Trust.
"We’ve been pursuing a strategy of planned, incremental improvements in our distribution capabilities for several years now, and consolidating our distribution operations under one roof is an important step," says Robert Alderson, Kirkland's president and CEO.
The new center, which will be finished early next year, is located on 80 acres of land within Madison County’s Airport Industrial Park. The retailer’s initial term of 15 years will begin in May 2004.
The lease also gives Kirkland's the option to expand the facility by 400,000 sq. ft., and provides for two successive 5-year renewal options.
"We’re also pleased that the financial terms of our lease will allow us to secure this long-term facility at approximately the same annual lease cost as we pay today for three buildings," Alderson adds.
Acceptable Use Policy blog comments powered by Disqus
Want to use this article? Click here for options!
© 2012 Penton Media Inc.
advertisement
Photo Galleries
Hudson Yards Development
Check out images for Coach's new global headquarters, which will anchor the initial tower of the Eastern Rail Yards site within the 26-acre mixed-use Hudson Yards Development on Manhattan's far West Side.
Outstanding Women in Commercial Real Estate
From housing low-income families in Southern California to closing some of Manhattan's largest office leases, women leaders are using commercial real estate as a platform to reshape communities while they drive investor returns.
Click here to view more photo galleries.
Videos
2012 MBA CREF/Multifamily Housing Convention & Expo Video Blogs
Check out the Vlogs from the 2012 MBA CREF/Multifamily Housing Convention & Expo from JLL...
Click here to view more videos.
advertisement
Blogs
|
Traffic Court |
|
BlackSwan |
This Week's Most Popular
Current Issue
|
|







