Fort Wayne shoppers will have another place to buy a coat when winter arrives.
Burlington Coat Factory is readying to move into the former Steve & Barry’s college apparel store at the Glenbrook Commons strip mall at Lima Road and Coliseum Boulevard.
Officials for Burlington said they expect to hire 50 people for full- and part-time jobs. Burlington’s store at 4120 Illinois Road will remain open. There are 12 Burlington locations in Indiana.
The retailer is the second national tenant to fill a major void at Glenbrook Commons. In January, Dunham’s Sports announced it planned to move into the former Linens ’N Things, which went out of business in 2008.
Dunham’s will reside in 66,000 square feet and Burlington, slated to open in the fall, will occupy 50,000 square feet. Both deals involved Bon Aviv Investments LLC of Englewood, N.J., and Zamias Services Inc., of Johnstown, Pa., which partnered to buy Glenbrook Commons from CB Glenbrook LLC of Chicago for an undisclosed sum.
The Allen County Assessor’s Office lists the 254,000-square-foot property’s value at $7.5 million.
David Nugent, a partner with BND Commercial Real Estate of Fort Wayne, has had extensive dealings with marketing the shopping plaza. Since the ownership change, however, he has had to root for the retail area from the sidelines.
“I’ve not had anything to do with it lately, but I’m glad to see it happening,” Nugent said. “It’s way overdue.”
Last year, Bon Aviv and Zamias purchased five shopping centers for $68 million, according to Zamias’ website. Representatives of Bon Aviv and Zamias were not available for comment Monday.
In a statement released Monday, Burlington said shoppers can expect brand-name merchandise for the family and home furnishings with savings of up to 65 percent off, compared with department store prices. The new store will feature apparel, footwear and a range of furniture and accessories.
“We are thrilled to open a new Burlington in the Fort Wayne community, bringing jobs to the neighborhood and providing residents with a valued shopping experience,” Thomas Kingsbury, Burlington president and chief executive officer, said in a statement.
The company recorded about $3.9 billion in sales in 2012. Billed as an off-price retailer, Burlington has more than 500 stores in 44 states and Puerto Rico.
For employment information, go to BurlingtonCoatFactory.com.