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Honeycomb777

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Honeycomb777

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Tuesday, 05/19/2015 7:06:20 PM

Tuesday, May 19, 2015 7:06:20 PM

Post# of 87250
Corporate Headquarters Building Sale and Leaseback



On April 29, 2015, the Company entered into a sale leaseback transaction for its Corporate Headquarters located at 14200 Ironwood Drive, Grand Rapids, Michigan. The Company sold the building for $500,000 and leased back a portion of the facility to continue corporate operations in the current facility. The proceeds were used to paydown the existing mortgage and the Company has office space rent free for 2 years.
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