other material
confidence high
sentiment neutral
materiality 0.60
Beyond, Inc. enters agreement to sell corporate headquarters for $55M to Salt Lake County
BED BATH & BEYOND, INC.
- Sale of 18.6-acre corporate HQ in Midvale, UT for $55M; $1M earnest money due within 5 business days.
- Existing $34.5M loan on HQ to be defeased near closing on or before November 30, 2024.
- Parties to negotiate a data center lease for ~5,000 sq ft with initial term up to 5 years.
- Buyer has sole discretion to terminate agreement within 60-day inspection period.