Enterprise
The acquisition comes after Christmas Tree Retailers filed for chapter final 12 months.
Ocean State Job Lot has bought the Cumberland Crossing procuring middle in North Attleborough with plans to open a brand new retailer within the former Christmas Tree Retailers location, the corporate introduced Tuesday.
The low cost retail chain, which has 159 shops throughout the Northeast and Mid-Atlantic, will unveil the brand new storefront within the second quarter of 2025, in keeping with a press release from the corporate. Ocean State Job Lot is hiring as much as 70 new workers to work on the new location.
The acquisition marks the corporate’s 53rd retailer in Massachusetts and its eight in Bristol County, in keeping with the assertion. Plaza co-tenants within the procuring middle situated at 1505 South Washington St. embody Altitude Trampoline Park, Guitar Heart, Planet Health, Play It Once more Sports activities, David’s Bridal, and FedEx.
The corporate, which sells merchandise together with attire, pet provides, and family items at closeout costs, has 5,600 workers and annual gross sales exceeding $800 million.
Following Christmas Tree Retailers’ submitting for chapter final 12 months, the 51,074 square-foot retailer will take over the house the place the store resided “persevering with OSJL’s strategic repurposing of former retail websites,” the assertion stated. Ocean State Job Lot has transformed six different Christmas Tree Retailers properties throughout New England.
“We’re thrilled not solely to broaden our retail footprint but additionally to solidify our presence in North Attleborough by way of the acquisition of this distinguished procuring plaza,” stated Mark O’Connor, senior actual property supervisor, within the assertion. “This location represents our ongoing dedication to offering value-driven procuring experiences for our prospects throughout New England, and we sit up for bringing our distinctive model of service and financial savings to the area people.”
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