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Brandywine Realty Trust has sold a 441,000-square-foot office building in Philadelphia to Burlington Stores, which will use it as its new corporate headquarters. Law firm Greenberg Traurig advised Brandywine on the deal. The building is at 3151 Market St. in the University City neighbourhood. Burlington plans to occupy all of it and move its headquarters from New Jersey, bringing an estimated 2,000 jobs to Philadelphia over the next five years. Joshua D. Cohen, who chairs the firm's Philadelphia real estate practice, praised the move as "game-changing" for the city and the commonwealth. Brandywine's general counsel, Shawn Neuman, called the firm a "trusted and valued partner.

Burlington opening 12 stores this month. See where. By Fernando Cervantes Jr., USA TODAY USA TODAY Network via Reuters Connect Updated October 9, 2026 11:16 PM Gift Article Looking for a new Burlington near you? You may be in luck. The off-price retailer is opening 12 stores across eight states in October, extending a growth streak that's already pushed Burlington past 1,000 locations across the United States, Washington, DC, and Puerto Rico. The latest round of openings follows 20 new stores that debuted in September and comes as Burlington continues investing in expansion, including a 2 million-square-foot distribution center under construction near Phoenix that's expected to open in 2028. Here is where Burlington is opening new stores this month. Where is Burlington opening new stores? Burlington lists 12 stores opening in October on its Grand Openings page: Opening Oct. 16 * Chandler, Arizona * Nogales, Arizona * Moscow, Idaho Opening Oct. 30 * Colton, California * Los Angeles * Porterville, California * Whittier, California * Augusta, Georgia * McHenry, Illinois * Rochester, New York * Philadelphia * Baytown, Texas Burlington opened 20 stores in September Before announcing its October openings, Burlington added 20 stores in September, including locations in California, Florida, Maryland, Michigan, New York, Tennessee, Texas, Virginia and Wisconsin. The steady stream of openings highlights Burlington's continued focus on growing its brick-and-mortar locations as shoppers look for discounted apparel, home goods and accessories. Here's a look at where the retailer is headed next. * 324 E Meighan Blvd., Gadsden, Alabama * 840 W Paradise Dr., West Bend, Wisconsin * 66-26 Metropolitan Ave., Middle Village, New York * 921 S Brookhurst St., Anaheim, California * 923 N 14th St., Tampa, Florida * 2701 N Mall Dr. #103, Virginia Beach, Virginia * 13341 Hall Rd., Utica, Michigan * 2500 S Center St. Ste 375, Marshalltown, Iowa * 5671 Cir Dr E, Cicero, New York * E Expy 83 & Mile 1 1/2 E, Mercedes, Texas * 1600 Water St. Ste, B320, Laredo, Texas * 6203 Gosford Rd., Bakersfield, California * 1450 E Hatch Rd. B, Modesto, California * 5856 Brainerd Rd., Chattanooga, Tennessee * 24372 Rockfield Blvd., Lake Forest, California * 42 Whitten Rd. #1, Augusta, Maine * 8155 Brook Rd., Richmond, Virginia * 5557 Urbana Pike, Frederick, Maryland * 1290 Perry Ave., Big Rapids, Michigan * 54-23 Myrtle Ave. #300, Ridgewood, New York Fernando Cervantes Jr. is a trending news reporter for USA TODAY. Reach him at [email protected] and follow him on X @fern_cerv_. Reporting by Fernando Cervantes Jr., USA TODAY / USA TODAY USA TODAY Network via Reuters Connect This story was originally published October 9, 2026 at 10:58 PM.

Burlington's new Brooklyn lease fits an expansion story, not the closure story some coverage has attached to it. Burlington signed 31,717 square feet at Steiner NYC's Admirals Row campus in the Brooklyn Navy Yard, a site with a genuinely contested historic-preservation backstory, but the retailer's own SEC filings show it adding stores by the hundreds, not closing 250 of them. By Sabastian Niles / Published: Oct 02 2026, 1:25 PM EDT Burlington Stores has signed a 31,717-square-foot lease at 25 Navy Street, bringing the off-price retailer to Steiner NYC's Admirals Row campus in the Brooklyn Navy Yard, with an opening planned for fall 2027. The vacant two-story building sits opposite New York City's first-ever Wegmans supermarket, part of an 8-acre mixed-use development that also includes CityMD, a Wells Fargo branch and liquor retailer Fresh Direct Wines and Spirits. Ripco Real Estate's Jason Pennington and Ben Weiner represented Steiner NYC in the deal, which carries a 10-year term with renewal options. "They're a fantastic off-price retailer," Doug Steiner said of the new tenant. The site itself carries a genuinely contested history worth understanding before treating this as a routine retail lease. Admirals Row's original structures, built between the 1860s and 1901, served as residences for Brooklyn Navy Yard officers until the yard closed in 1966; the houses sat vacated and decaying for decades afterward. Ownership transferred from the federal government to the Brooklyn Navy Yard Development Corporation in 2012, and the row was listed on the National Register of Historic Places in 2014 as part of the broader Brooklyn Navy Yard Historic District, a designation that carries far weaker protection than individual New York City Landmark status, which these specific buildings never received. That distinction is precisely what allowed Steiner, selected through an RFP process and granted a 96-year ground lease, to begin demolishing most of the row starting in 2016, a move Commercial Observer's own earlier reporting described as having "angered neighbors and preservationists" at the time. The demolition wasn't a single completed event: as of recent reporting, nine of the original ten houses have come down, with one house and a timber shed still standing on the site today. The campus Burlington is joining has grown substantially since that contested beginning. A November 2024 refinancing arranged by Walker & Dunlop put $148.5 million against the now 696,000-square-foot Admirals Row property, which includes more than 350,000 square feet of light industrial and creative manufacturing space master-leased to the Brooklyn Navy Yard Development Corporation, alongside retail, a community facility and more than 700 parking spaces. Steiner has credited the project with bringing what he called thousands of new jobs and services to the surrounding community. It's necessary to correct a premise directly here rather than build on it. This lease has been framed in some coverage as fitting alongside a story about Burlington closing 250 stores nationally, a pairing meant to illustrate a retailer simultaneously pruning weak locations while expanding into strong ones. Independent verification does not support that premise: the 250-store closure figure actually describes Starbucks' recent North American closure announcement, not Burlington's. Burlington's own SEC filings show the opposite trajectory entirely. The company's store count grew from 1,212 as of January 31, 2026, to 1,242 by May 2, 2026. In fiscal 2025, Burlington opened 131 new stores, including 18 relocations, against just nine closures, excluding those relocations, a closure figure nowhere near the scale the pairing implies. For fiscal 2026, the company plans approximately 110 net new store openings, and in September 2026 alone it opened 20 new stores across 12 states, putting it on track to exceed 100 net new openings for the year, with a stated longer-term target of operating more than 1,500 locations by the end of 2028. What's actually happening with Burlington's real estate strategy is better described as sustained, aggressive expansion paired with a genuine format shift, rather than any kind of retreat. CEO Michael O'Sullivan has steered the company toward smaller store footprints, with newer locations typically running around 18,000 square feet, a fraction of Burlington's historical big-box format, prioritizing well-located, higher-traffic sites over sprawling standalone stores. Against that backdrop, the 31,717-square-foot Admirals Row lease runs notably larger than Burlington's current small-format norm, suggesting the Brooklyn Navy Yard's specific retail context, anchored by a major grocery draw in Wegmans, justified a bigger-than-typical footprint for this particular location rather than reflecting any broader reversion to Burlington's older format strategy. The financial backdrop supporting this expansion is genuinely strong rather than defensive. Burlington's second-quarter fiscal 2026 results, reported August 27, beat adjusted earnings-per-share expectations by roughly 35%, and Bank of America Securities reiterated a buy rating with a $375 price target, citing the company's strategy of reinvesting tariff refunds into sharper pricing to drive traffic and market share gains. That fits a broader pattern across off-price retail generally: Burlington, alongside T.J. Maxx and Ross Dress for Less, continues gaining market share as a category, according to retail analyst Deborah Weinswig of Coresight Research, even as overall store closures rose industry-wide in the prior year. Taken together, the accurate story behind Burlington's Admirals Row lease isn't one of calculated triage between closing and expanding locations. It's a retailer currently outperforming financially, growing its total store count by the hundreds annually, and choosing to deploy a larger-than-typical footprint specifically at a well-anchored Brooklyn Navy Yard site where a major grocery draw and strong surrounding foot traffic made the bigger format worth the investment, all while refining its standard new-store format smaller elsewhere across its national pipeline. Join the Discussion EDITOR'S PICKS