A new Burlington store is set to backfill a former Toys R Us and Babies R Us store in Somerset County, where the retailer has signed a lease for 46,000 square feet.
A longtime real estate executive for Toys R Us and other retailers has joined R.J. Brunelli & Co. LLC to fill a newly created tenant representation position.
The owners of the defunct Toys R Us chain have sold the retailer’s former 621,000-square-foot corporate headquarters in Wayne, brokers with CBRE announced.
Four New Jersey stores will be among more than 80 shuttered Toys R Us and Babies R Us locations that will be auctioned in late September as part of the retailer’s ongoing bankruptcy proceedings.
Nearly 30 remaining Toys R Us stores in New Jersey are among more than 700 that will likely close or be sold nationwide, as the chain succumbs to a decline fueled by competition from e-commerce and its crushing debt burden.