Burlington Stores selects Philadelphia for new headquarters
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Burlington Stores is moving its corporate headquarters to West Philadelphia.
Why it matters: Philly's gain is New Jersey's loss — the Fortune 500 company has been based in Burlington Township since it opened in 1972.
State of play: The department store giant will set up its new HQ at 3151 Market St. in Schuylkill Yards, the $3.5 billion neighborhood and business development rising on the west side of the Delaware River.
- Burlington, formerly known as Burlington Coat Factory, will invest $370 million and relocate at least 1,600 corporate jobs to Philly in the coming years.
- The company and elected officials, including Gov. Josh Shapiro and Mayor Cherelle Parker, revealed the move on Thursday.
Timeline: Burlington will move into its new digs near the end of 2028 or early 2029.
What they're saying: Michael O'Sullivan, CEO of Burlington Stores, said at a news conference that the company has outgrown its old corporate headquarters in South Jersey and had been searching for a new location for roughly a year.
- O'Sullivan credited Philly's workforce, transportation, infrastructure, cultural institutions and pro sports teams for selecting its new HQ location.
The big picture: Burlington is the latest big business move for Philly.
- The Bellwether District development scored a $450 million investment from Bill Gates' nuclear science company TerraPower Isotopes earlier this year.
- In May, a subsidiary of French food manufacturer Groupe Bonduelle committed to opening a new corporate hub in Philly.
- Hanwha purchased the Philly Shipyard in South Philly in 2024 and is investing $5 billion toward its growth.
By the numbers: Burlington has approximately 1,300 stores across 47 states — including 43 in the Philly region.
- The company is on track to open 115 this year alone.
Worth noting: Pennsylvania is giving Burlington $30 million in economic grants for the move, along with another $7 million tax credit from Philly, per a news release from the governor's office.
- The city is also chipping in SEPTA passes for Burlington employees that will provide unlimited rides for a year.