Northeast Region

Kohl's, Burlington

Eastern Real Estate partnered with Stop & Shop and was awarded the designation rights for the former Bradlees discount department store chain, which had filed for protection under Chapter 11 with the Bankruptcy Court, Southern District of New York.

  • Leveraging its contacts and expertise, Eastern Real Estate successfully disposed of 117 Bradlees locations totaling 9 million square feet.
  • Transactions generated more than $200 million worth of proceeds to the partnership in less than nine months, from award of designation rights through final transfer approval and closing.
  • Eastern Real Estate led efforts to attract new stores to these sites, which are now leased by major retailers such as Target, Walmart, Home Depot, Stop & Shop and Kohl’s.