Clive retail store not part of massive Bed Bath & Beyond transaction
BUSINESS RECORD STAFF Jan 7, 2020 | 11:16 pm
<1 min read time
95 wordsAll Latest News, Retail and BusinessBed Bath & Beyond Inc. this week announced that it had completed a sale-leaseback transaction with an affiliate of Oak Street Real Estate Capital, which generated more than $250 million in net proceeds. The transaction included the sale of more than 2.1 million square feet of commercial space and the sale of its New Jersey headquarters. The home goods retailer operates a store at 11101 University Ave. in Clive. A company spokesman said the sale-leaseback did not include the Clive store. The retailer has reported same-store sales declines in each of the past 10 quarters.
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