New Jersey clothing retailer Burlington will relocate its headquarters and 2,000 employees to Philadelphia
Burlington Stores is relocating its corporate headquarters from Burlington, New Jersey, to the Schuylkill Yards development in West Philadelphia. The off-price retailer will invest $370 million in the move and purchase property at 3151 Market Street. This transition will create at least 2,000 new jobs over the next five years. CEO Michael O"Sullivan stated the company was attracted to Philadelphia's talent, energy, and infrastructure as the business has outgrown its current New Jersey facilities.
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- ✓ Burlington Stores is moving its corporate headquarters from New Jersey to Philadelphia.
- ✓ The company plans to invest $370 million to relocate.
- ✓ The move will create at least 2,000 new jobs over five years.
- ✓ Burlington is purchasing property at 3151 Market Street in West Philadelphia.
What changed
The company identified the specific headquarters address at 3151 Market Street and the Schuylkill Yards development.
Live updates
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Burlington Stores to move headquarters to West Philadelphia
Burlington Stores is relocating its corporate headquarters from Burlington, New Jersey, to the Schuylkill Yards development in West Philadelphia. The off-price retailer will invest $370 million in the move and purchase property at 3151 Market Street. This transition will create at least 2,000 new jobs over the next five years. CEO Michael O"Sullivan stated the company was attracted to Philadelphia's talent, energy, and infrastructure as the business has outgrown its current New Jersey facilities.
Why it matters
The relocation involves a $30 million investment from the Commonwealth of Pennsylvania. The move has triggered political friction in New Jersey and criticism from Republicans over the use of state tax incentives.
What is confirmed
- Burlington Stores is moving its corporate headquarters from New Jersey to Philadelphia.
- The company plans to invest $370 million to relocate.
- The move will create at least 2,000 new jobs over five years.
- Burlington is purchasing property at 3151 Market Street in West Philadelphia.
Still unconfirmed
- The Commonwealth of Pennsylvania is investing $30 million in the project.
- The company has outgrown its headquarters in New Jersey.
What to watch next
- Confirmation of the final closing date for the 3151 Market Street property purchase
- Details on the specific tax incentive package provided by Pennsylvania
confidence 90%Sources used for this update (4)
- pennwatch.org — Burlington to Relocate Corporate Headquarters to Philadelphia, Bringing 2,000 New Jobs
- pennbizreport.com — Burlington Stores moving headquarters to West Philadelphia
- massmarketretailers.com — Burlington Stores relocating to Philadelphia
- www.wfmz.com — Eat, Sip, Shop: Popular fashion retailer returns to Lehigh Valley with new store
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Burlington Stores to move headquarters and 2,000 employees to Philadelphia
Burlington Stores is relocating its corporate headquarters from New Jersey to Philadelphia. The Fortune 500 clothing retailer will move 2,000 employees to an office building in University City. The move is supported by a $370 million plan touted by the Pennsylvania Governor and the mayor. While the city gains a major corporate presence, the relocation has sparked a political backlash in New Jersey and criticism from Republicans regarding the value of the corporate tax incentives provided by Pennsylvania.
Why it matters
This move shifts a significant corporate employer across state lines. The use of substantial public incentives to attract the retailer has created a political dispute over corporate tax breaks.
What is confirmed
- Burlington Stores is moving its headquarters to Philadelphia.
- The company will relocate 2,000 employees.
- The relocation involves a $370 million plan.
- The new headquarters will be located in University City.
Still unconfirmed
- The move is drawing criticism from Republicans and others questioning the value of corporate tax breaks.
- Burlington is a Fortune 500 company.
What to watch next
- Official closing date of the University City office building purchase
- Details on the specific tax incentives provided by Pennsylvania
- Response from New Jersey officials regarding the loss of the headquarters
confidence 90%Sources used for this update (7)
- 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
- 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
- Yahoo — A $370M political firestorm: Inside the furious backlash of blame for Burlington’s move from N.J.
- The Daily Pennsylvanian — Burlington Stores to move corporate headquarters to University City
- www.yahoo.com — A $370M political firestorm: Inside the furious backlash of blame for Burlington’s move from N.J.
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