Gordon Brothers will provide real estate consulting services in support of Kirkland’s Inc.’s store growth strategy following the payoff of the firm’s $12 million term loan.
The U.S. home décor and furnishings retailer operating under the Kirkland’s Home brand has launched a new partnership with Beyond Inc., the U.S. owner of Bed Bath & Beyond, Overstock, Zulily and other online retail brands. Additionally, Beyond has invested in Kirkland’s to support future collaborations, including the launch of new Bed Bath & Beyond small-format retail stores, as its exclusive brick-and-mortar operator and licensee.
To support these collaborations and assist with the retailer’s growth strategy across brands, Kirkland’s has retained Gordon Brothers to provide lease renewal services and new store site selection.
“We’re thankful for the opportunity to invest in Kirkland’s and would like to congratulate the industry leader on its investment from and strategic alliance with Beyond,” said Kyle C. Shonak, Senior Managing Director, Transaction Team & Head of North America Lending at Gordon Brothers. “In addition to leveraging our deep asset expertise to provide Kirkland’s with financing to pursue its strategic initiatives, our real estate team’s cutting-edge technology platform will provide the customized service offerings needed to achieve this next phase of growth.”
“Gordon Brothers was an integral partner in our transformation efforts, and we’re looking forward to continuing our partnership with the real estate team,” said Mike Madden, Chief Financial Officer of Kirkland’s Home.