By Real Estate Daily News
(July 7, 2023) — Court records show that Burlington Store’s outposts and other businesses will soon replace Bed Bath & Beyond locations across America after the failed home goods retailer auctioned off leases as part of its bankruptcy proceedings. Overstock.com bought the rights to the retail chain’s intellectual property assets and paid $21.5 million for the name without any stores involved. The Bed Bath & Beyond assets acquired by Overstock.com include website and domain names, trademarks, tradenames, patents, customer database, loyalty program data, and other brand assets related to the Bed Bath & Beyond banner.
Store leases being auctioned included two Tucson and nine Phoenix stores. Click here for a complete list with expiration dates.
When Bed Bath & Beyond announced bankruptcy in late April, the retailer had 468 leases to its name, and 153 of these in 49 states were brought to auction last week, records show. Successful bids went through for only 109 of them. Successful bids went through for only 109 of them.
