realestate

Gordon Brothers Partners with Kirkland's for Strategic Real Estate Growth

Kirkland's prepares for next phase of store expansion after paying off $12M term loan.

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irkland's, a home décor and furnishings retailer, is poised for growth following the payoff of its $12 million term loan. The company has retained Gordon Brothers to provide lease renewal services and new store site selection as it expands its operations. This move comes on the heels of Kirkland's partnership with Beyond Inc., owner of Bed Bath & Beyond, Overstock, Zulily, and other online retail brands.

    Beyond has invested in Kirkland's to support future collaborations, including the launch of small-format Bed Bath & Beyond stores, as its exclusive brick-and-mortar operator and licensee. "Gordon Brothers was a key partner in our transformation efforts," said Mike Madden, CFO of Kirkland's Home. "We're excited to continue our partnership with their real estate team."

    Gordon Brothers will provide consulting services to support Kirkland's collaborations and growth strategy across brands. The firm's expertise will help the retailer navigate its next phase of expansion. "We're grateful for the opportunity to invest in Kirkland's," said Kyle C. Shonak, senior managing director at Gordon Brothers. "Our real estate team's technology platform will provide customized service offerings needed to achieve this growth."

    Gordon Brothers provides financing and investment solutions to clients undergoing transformation, leveraging its expertise in asset valuation and disposition. The firm lends against and invests in various assets, including brands, real estate, inventory, and equipment, to provide liquidity solutions beyond its market-leading services.

Gordon Brothers executives meet with Kirkland's representatives in a conference room.