Resources Connection sells Irvine headquarters for $13.5M, leases back portion for 3 months

RESOURCES CONNECTION, INC.

Purchase price $13.5M for 2.48-acre property with ~57,301 sq ft building at 17101 Armstrong Ave., Irvine, CA.
Closing expected August 15, 2024, subject to buyer due diligence by May 20, 2024.
Post-closing, Resources Connection LLC will lease back a portion for 3 months at $20,000/month base rent.
Buyer is the City of Irvine, a California municipal corporation.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

RESOURCES CONNECTION, INC. entered into Purchase and Sale Agreement with City of Irvine valued at thirteen million, five hundred thousand dollars ($13,500,000.00) (effective 2024-05-15).

Action: entry
Agreement: asset purchase
Counterparty: City of Irvine
Value: thirteen million, five hundred thousand dollars ($13,500,000.00)
Effective: 2024-05-15

Exact text from the filing

RGP Property LLC (“Seller”), a wholly owned subsidiary of Resources Connection, Inc., entered into a Purchase and Sale Agreement with the City of Irvine, a California municipal corporation, (“Buyer”) for the sale of its property

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306 material agreements filed in the last 30 days. Browse all material agreements →

RESOURCES CONNECTION, INC. filing history →

Source: SEC EDGAR

accession 0001628280-24-023552

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