Burlington to open huge store at Kings Plaza Shopping Center
Lease is for 10 years with three optional five-year extensions
Burlington Coat Factory has signed a lease for 55,000 square feet at the Macerich Company’s Kings Plaza Shopping Center in Brooklyn’s Mill Basin neighborhood.
The space spans 52,915 square feet on the fourth floor of the mall, which is located at 5100 Kings Plaza. An additional 2,163 square feet is included on other floors due to elevator access.
The lease, signed on Nov. 16, is for 10 years and includes three optional extensions for five years each.
Representatives for Macerich Company could not be reached for comment.
CNS Real Estate’s Cliff Simon — who brokered the deal for Burlington Coat Factory, now known as just Burlington — declined to comment on how much the clothing retailer would pay per year. He said Burlington was interested in the location because of its high traffic volume and amount of available space.
“Kings Plaza is a highly successful shopping destination in Brooklyn,” he said, “and it offered the right size space on one floor.”
Other clothing retailers at Kings Plaza Shopping Center include Forever 21, H&M and Old Navy.
Adam Pincus contributed reporting.