May 29, 2018 / 10:12 PM / 6 months ago

Toys "R" Us wins order to hand lease to Burlington Coat Factory

A U.S. Bankruptcy judge ruled on Friday that Toys “R” Us Inc can raise more than $1 million by assigning a lease to a discount chain, overruling a landlord who argued the deal would disrupt the tenant mix at its Southern California shopping center.

The deal hands the lease at the 42-acre Brea Union Plaza in Brea, California to Burlington Coat Factory Warehouse Corp as a part of the toy-store chain’s campaign to wind down its U.S. operations in Chapter 11 bankruptcy.

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