Tandy Leather Factory Announces Agreement to Sell Headquarters Facilities
Tandy Leather Factory, Inc. - common stock (TLF)
US:NASDAQ Investor Relations:
ir.tandyleather.com
Company Research
Source: GlobeNewswire
FORT WORTH, Texas, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (the “Company”, Nasdaq: TLF) today announced that it had signed a Purchase and Sale Agreement to sell its corporate headquarters facilities, including its primary distribution center and flagship retail store, to Colonna Brothers, Inc. The sale price for the facilities, before taxes and expenses, will be $26.5 million, and the transaction is expected to close in January 2025. Upon the closing, the Company intends to enter into lease agreements to remain in its current spaces until approximately September 2025, while it identifies and prepares to move to new facilities in the Fort Worth, Texas area. Jeff Gramm, the Company’s Chairman, said, “As we announced last December, we have been marketing our headquarters property with hopes of unlocking value for the benefit of our stockholders. Aided by a strong local real estate market and the tireless efforts of our team, we are happy to be close to accomplish
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News
- Tandy Leather Factory Announces Agreement to Sell Headquarters Facilities [Yahoo! Finance]Yahoo! Finance
- Tandy Leather Factory Third Quarter 2024 Earnings: US$0.016 loss per share (vs US$0.076 profit in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Tandy Leather Factory Reports Third Quarter 2024 ResultsGlobeNewswire
TLF
Sec Filings
- 12/6/24 - Form 8-K
- 11/12/24 - Form 8-K
- 11/12/24 - Form 10-Q
- TLF's page on the SEC website