PetMeds signs sale-leaseback agreement for Florida facilities
PetMed Express entered a definitive agreement to sell and lease back its headquarters and distribution center in Delray Beach, Florida for $37 million.
The deal remains subject to due diligence and customary closing conditions, including lease terms for the office and Florida distribution center space.
Closing is targeted within 120 days, providing added financial flexibility while maintaining occupancy of the facilities.
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