Natrol takes profit.Natrol Inc. has decided it would rather be tenant than a property owner. The nutritional supplement maker said last week that it closed on a $26 million sale/leaseback transaction with an affiliate of TA Associates Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. , a Boston-based real estate investment advisory firm, for its corporate headquarters and shipping facilities in Calabasas. The company will continue to occupy the two facilities, leasing back the space at market rates for a five-year term, with two five-year renewal options. Natrol plans to channel the $12 million net profit from the deal into growing the company, whose products fines include Natrol brand vitamin and herbal herbal, early botanical book containing descriptions and illustrations of herbs and plants with their properties, chiefly those qualities that made them useful as medicines or condiments. Most of the herbals were written between c.1470 and c. supplements and the Laci Le Beau herbal tea line. "We unlocked a hidden asset, our real estate," Chief Executive Wayne Wayne, city (1990 pop. 19,899), Wayne co., SE Mich., a suburb of Detroit, on the Lower Rouge River; inc. as a village 1869, and with surrounding areas as a city 1960. It has automobile and aircraft industries and other varied manufactures. Bos 1. (operating system) BOS - Basic Operating System. 2. (tool) BOS - A data management system written at DESY and used in some high energy physics programs. 3. (programming) BOS - The Basic Object System. said in a statement. Bos, who last year succeeded company founder Elliott Balbert as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , noted that the company's profit from the deal is 30 percent of its current market cap. Natrol earlier in the week had reported that it had turned a 20-cents-per-share loss in 2005 into 3 cents of net income for 2006. |
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