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New York & Tri-State  + New Jersey  + Retail  | 
Bed Bath & Beyond Closes 7 More Stores in SoCal

Bed Bath & Beyond Inks $250M Sale-Leaseback

Housewares chain Bed Bath & Beyond Inc., headquartered in Union, NJ,  has completed a sale-leaseback with an affiliate of Oak Street Real Estate Capital, generating more than $250 million in net proceeds. The properties sold represent approximately 2.1 million square feet of commercial space, including retail stores, a distribution facility and office space.

“This marks the first step toward unlocking valuable capital in our business that can be put to work to amplify our plans to build a stronger, more efficient foundation to support revenue growth, financial stability and enhance shareholder value,” said Mark Tritton, president and CEO of Bed Bath & Beyond.

Bed Bath & Beyond will continue to occupy these properties under long-term leases. The SLB comes as the retailer and its outside financial advisors are reviewing its portfolio of retail concepts and owned real estate to optimize its asset base and enhance shareholder value.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Lease
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