Destination XL Group Inc. Extends Lease Agreement for Headquarters and Distribution Center with 555 TNPK 74 Owner, LLC

Reuters

06-24

Destination XL Group Inc. Extends Lease Agreement for Headquarters and Distribution Center with 555 TNPK 74 Owner, LLC

Destination XL Group Inc. has finalized a significant amendment to its existing lease agreement with 555 TNPK 74 Owner, LLC, related to its headquarters and distribution center in Canton, Massachusetts. The amended lease extends the term for seven years, starting February 1, 2026, and ending January 31, 2033, with a monthly base rent of $479,765, subject to a 3% annual increase. Additionally, the landlord will provide an improvement allowance of $4,719,000 for repairs and enhancements. The amendment also offers an option for three successive five-year extensions at a fair market rent.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Destination XL Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-089028), on June 23, 2025, and is solely responsible for the information contained therein.

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Extends Lease Agreement for Headquarters and Distribution Center with 555 TNPK 74 Owner, LLC","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Destination XL Group Inc. Extends Lease Agreement for Headquarters and Distribution Center with 555 TNPK 74 Owner, LLC\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Destination XL Group Inc. has finalized a significant amendment to its existing lease agreement with 555 TNPK 74 Owner, LLC, related to its headquarters and distribution center in Canton, Massachusetts. The amended lease extends the term for seven years, starting February 1, 2026, and ending January 31, 2033, with a monthly base rent of $479,765, subject to a 3% annual increase. 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Extends Lease Agreement for Headquarters and Distribution Center with 555 TNPK 74 Owner, LLC\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-24 04:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Destination XL Group Inc. Extends Lease Agreement for Headquarters and Distribution Center with 555 TNPK 74 Owner, LLC\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Destination XL Group Inc. has finalized a significant amendment to its existing lease agreement with 555 TNPK 74 Owner, LLC, related to its headquarters and distribution center in Canton, Massachusetts. The amended lease extends the term for seven years, starting February 1, 2026, and ending January 31, 2033, with a monthly base rent of $479,765, subject to a 3% annual increase. Additionally, the landlord will provide an improvement allowance of $4,719,000 for repairs and enhancements. 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ID: 0000950170-25-089028), on June 23, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4094","symbol_name":"服装零售","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250623:nNDL8kFc0y:1","article_id":"2545447024","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2545447024","pubTimestamp":1750710801,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Destination XL Group Inc. has finalized a significant amendment to its existing lease agreement with 555 TNPK 74 Owner, LLC, related to its headquarters and distribution center in Canton, Massachusetts. 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Additionally, the landlord will provide an improvement allowance of $4,719,000 for repairs and enhancements. The amendment also offers an option for three successive five-year extensions at a fair market rent.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Destination XL Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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