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KIRK > SEC Filings for KIRK > Form 8-K on 21-Apr-2014All Recent SEC Filings

Show all filings for KIRKLAND'S, INC

Form 8-K for KIRKLAND'S, INC


Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement.

On April 17, 2014, Kirkland's, Inc. (the "Company") entered into an Office Lease Agreement by and between the Company and Highwoods Realty Limited Partnership (the "Office Lease") under which the Company will lease its new corporate headquarters facility, as the Company's current lease will expire on August 1, 2014. Pursuant to the Office Lease, the Company will lease approximately 76,000 square feet of office space in the Nashville, Tennessee metropolitan area, several miles away from the Company's current Nashville headquarters office.

The lease has a 10 year term with initial annual rent, excluding rent holidays, of $1.5 million, and annual rent increases of 2%.

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