Bed Bath & Beyond has completed a $250 million sale-leaseback deal with an affiliate of Oak Street Real Estate Capital.
“We are pleased to complete this sale-leaseback transaction,” said Mark Tritton, Bed Bath & Beyond’s president & CEO. “This marks the first step toward unlocking valuable capital in our business that can be put to work to amplify our plans to build a stronger, more efficient foundation to support revenue growth, financial stability and enhance shareholder value.”
The properties total more than 2.1 million square feet of office, retail and distribution space, which will continued be occupied by Bed Bath & Beyond.
As previously announced, Bed Bath & Beyond, together with its outside financial advisers, is reviewing its portfolio of retail concepts and owned real estate to optimize its asset base and enhance shareholder value. In connection with this review, the company continues to evaluate certain remaining owned re
