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Burlington Takes Over 10 Texas Conn’s Locations
Burlington Stores Inc. successfully bid on 10 Texas leases held by The Woodlands-based furniture and appliance retailer, which filed for Chapter 11 bankruptcy in July.
The leases Burlington will acquire span five states, though most are in Texas. Burlington bid over $6.65 million on the leases. Including cure amounts, the aggregate cost will total approximately $7.09 million.
A full list of Texas properties Burlington successfully bid for, includes stores in three San Antonio locations and one each in McAllen, Dallas, El Paso, Laredo, Amarillo, Texas City and Austin.
The Houston Business Journal reports that Burlington is in the midst of a national expansion effort. The chain plans to open over 100 stores per year for the next five years and is opening four new stores in the Houston area this fall.
Besides the Conn’s stores, the company acquired 64 leases from Bed Bath & Beyond, which filed for Chapter 11 bankruptcy in 2023 and closed nearly 900 locations.
