June 27, 2018 / 12:16 AM / 19 days ago

Setback for Toys "R" Us landlord as judge keeps lease deal on track

(Reuters) -

A bankruptcy judge on Monday denied an Orange County, California, mall landlord’s bid to hold up a lease transfer for a Toys “R” Us Inc store, rejecting arguments that the deal would change the mall’s tenant mix.

Judge Keith Phillips of the Bankruptcy Court in Richmond, Virginia, denied Brea Union Plaza I LLC’s motion for a stay pending appeal of his earlier decision approving the transfer of the Toys “R” Us lease to Burlington Stores Inc, operators of the Burlington Coat Factory discount clothing chain.

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