Vitamin Shoppe, Inc. (NYSE:VSI) Files An 8-K Entry into a Material Definitive AgreementITEM 1.01
On December 21, 2016, Vitamin Shoppe Procurement Services, Inc., a subsidiary of Vitamin Shoppe, Inc. (the “Company”) entered a lease agreement (the “Lease”) with Coldwater Industrial Associates 3, LLC, a Delaware limited liability company – to lease 186,643 square feet of a warehousing and distribution facility located at 925 N. 127th Avenue, Avondale, Arizona. The facility will be used for receiving, storing, shipping and selling products, materials and merchandise that are made and/or distributed by the Company.
The term of the Lease is scheduled to commence on or about May 1, 2017, and expire on November 30, 2029, and includes the option to renew the Lease for an additional three (3) five (5) year terms. The Company’s obligations for the full twelve (12) year and seven (7) months Lease term are approximately $14.2 million.
About Vitamin Shoppe, Inc. (NYSE:VSI)
Vitamin Shoppe, Inc. (VSI) is a multi-channel specialty retailer and contract manufacturer of vitamins, minerals, herbs, specialty supplements, sports nutrition, and other health and wellness products. The Company operates through three segments: retail, which includes Vitamin Shoppe, Super Supplements and Vitapath retail store formats; direct, which sells its products directly to consumers through the Internet, primarily at www.vitaminshoppe.com, and manufacturing, which provides custom manufacturing and private labeling of vitamin, mineral and supplement (VMS) products. The Company markets approximately 800 brands, as well as its own brands. The Company operates approximately 760 stores in over 40 states, the District of Columbia, Puerto Rico and Ontario, Canada, primarily located in retail centers and stand-alone locations. The Company also offers homeopathic remedies and weight management products. Vitamin Shoppe, Inc. (NYSE:VSI) Recent Trading Information
Vitamin Shoppe, Inc. (NYSE:VSI) closed its last trading session down -0.75 at 23.70 with 152,290 shares trading hands.