Burlington Stores is moving its headquarters to Philadelphia
Burlington Stores is investing $370 million to move its corporate headquarters from Burlington, New Jersey, to the Schuylkill Yards development in West Philadelphia. The retailer is purchasing property at 3151 Market Street to house its operations. The relocation will bring at least 2,000 new jobs to the city over the next five years, supported by a $30 million investment from the Commonwealth of Pennsylvania. CEO Michael O'Sullivan cited Philadelphia's talent, energy, and infrastructure as primary drivers for the move.
What changed
The company identified its new address at 3151 Market Street and specified a $30 million state investment.
Live updates
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Burlington Stores relocates headquarters to West Philadelphia
Burlington Stores is investing $370 million to move its corporate headquarters from Burlington, New Jersey, to the Schuylkill Yards development in West Philadelphia. The retailer is purchasing property at 3151 Market Street to house its operations. The relocation will bring at least 2,000 new jobs to the city over the next five years, supported by a $30 million investment from the Commonwealth of Pennsylvania. CEO Michael O'Sullivan cited Philadelphia's talent, energy, and infrastructure as primary drivers for the move.
Why it matters
Founded in 1972, the company outgrew its original New Jersey facilities. This shift represents a significant corporate migration to University City.
What is confirmed
- Burlington Stores is investing $370 million to move its headquarters to West Philadelphia's Schuylkill Yards.
- The company is purchasing property at 3151 Market Street.
- The relocation will create at least 2,000 new jobs over the next five years.
- The Commonwealth of Pennsylvania is investing $30 million in the project.
- CEO Michael O'Sullivan stated the company was attracted to Philadelphia's energy, talent, and infrastructure.
What to watch next
- Official opening date of the 3151 Market Street facility
- Details on the hiring timeline for the 2,000 new positions
confidence 100%Sources used for this update (4)
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Burlington Stores Move Ignites $370M Political Firestorm
Burlington Stores is moving its corporate headquarters and 2,000 employees from New Jersey to Philadelphia after securing state incentives. The Fortune 500 clothing retailer plans to purchase an office building within Schuylkill Yards in University City. Pennsylvania's governor and the city's mayor are promoting the relocation as part of a $370 million plan. This move leaves behind the company's original base in Burlington County, New Jersey, where it was founded in 1972, with company officials stating they have outgrown the original facility.
Why it matters
The relocation has sparked a furious political backlash and debate over the value of corporate tax breaks. Republicans have criticized the move and the associated financial incentives provided by Pennsylvania officials. The transfer shifts thousands of jobs and a major corporate footprint across state lines.
What is confirmed
- Burlington Stores is relocating its headquarters to Philadelphia, taking 2,000 employees from New Jersey.
- Pennsylvania and city officials are promoting the move as part of a $370 million plan.
Still unconfirmed
- Republicans are directing a furious backlash of blame over the agreement.
What to watch next
- Further details on the specific terms and structure of the $370 million incentive package
- Official responses from Pennsylvania and New Jersey lawmakers regarding the corporate tax breaks
confidence 100%Sources used for this update (8)
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Burlington Stores Relocates Headquarters to Philadelphia
Burlington Stores is moving its corporate headquarters and 2,000 employees from New Jersey to Philadelphia. The Fortune 500 clothing retailer is purchasing an office building in University City, specifically within Schuylkill Yards. Pennsylvania's governor and the city's mayor are promoting the relocation as part of a $370 million plan. The company is leaving its original base in Burlington County, New Jersey, where it was founded in 1972, stating that it has outgrown the original facility.
Why it matters
This move marks the end of a 50-year presence in New Jersey for the retailer. The relocation to University City integrates the company into a major urban development hub. It represents a significant shift in corporate footprint for the Fortune 500 company.
What is confirmed
- Burlington Stores is moving its headquarters from New Jersey to Philadelphia.
- The company will relocate 2,000 employees.
- The new headquarters will be located in Philadelphia's University City.
- The relocation is part of a $370 million plan.
- Burlington Stores was founded in 1972 in Burlington County, New Jersey.
Still unconfirmed
- The move is specifically to Schuylkill Yards.
- The company is buying the University City office building.
What to watch next
- Confirmation of the specific building purchase in University City
- Official timeline for the employee relocation process
confidence 95%Sources used for this update (10)
- Inquirer.com — Burlington Stores is moving its headquarters to Philadelphia
- WHYY — New Jersey clothing retailer Burlington will relocate its headquarters and 2,000 employees to Philadelphia
- 6abc.com — Burlington Stores relocating corporate headquarters from New Jersey to Philadelphia's University City
- nbcphiladelphia.com — Pa. Gov, mayor tout $370M plan to move Burlington Stores HQ to Philly
- bizjournals.com — Fortune 500 company buying University City office building, moving headquarters to Philadelphia
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- Yahoo Finance — Major retail store walking away from N.J. after 50 years in a stunning $370 million move
- www.yahoo.com — Burlington Stores is moving headquarters from New Jersey to West Philadelphia | PHL17 Morning News
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