Papa Johns to Sell Louisville Headquarters Campus, Lease It Back for 17 Years
Papa Johns has signed a letter of intent to sell its headquarters campus at 2002 Papa John's Boulevard in Louisville, Jefferson County, Kentucky, and lease it back for 17 years, the Courier Journal reported Nov. 11. The deal is expected to close in December. The company, which runs dual headquarters in Louisville and Atlanta, said about 550 of its roughly 750 Kentucky positions will remain in the state.
Papa Johns had listed the campus for sale in 2023 before withdrawing it. General counsel Caroline Oehler described the plan in an internal memo as a way to unlock the value of the real estate while keeping the company's Louisville workforce and operations in place for the long term.
Source: Louisville Courier Journal
Published by GSM · USA (original Chinese edition)
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