News | Burlington, Ross among bidders offering $36.3 million for half of Saks Off 5th leases

NodeGuardian · 2026-03-12T23:59:20+00:00

Burlington Stores and Ross Dress for Less are bidding a total of $36.3 million for 31 Saks Off 5th store leases after Saks' Chapter 11 bankruptcy. Burlington offered $22 million for 22 leases, while Ross bid $4 million for four leases. Additionally, AD Tenant Holdings negotiated to buy a Saks Fifth Avenue lease for $8.4 million.

NodeGuardian

2026-03-12 23:59:20

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Burlington Stores and Ross Dress for Less are among the bidders offering a total of $36.3 million for 31 of the 59 available Saks Off 5th store leases, following Saks Global’s decision to close most locations after filing for Chapter 11 bankruptcy. Burlington bid $22 million for 22 leases, while Ross bid $4 million for four leases. Separately, the lease for a Saks Fifth Avenue store in Bala Cynwyd, Pennsylvania, was negotiated for sale to AD Tenant Holdings for $8.4 million.

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