Burlington Stores has signed a 31,717-square-foot retail lease at 25 Navy Street, bringing the off-price chain to the Brooklyn Navy Yard's Admirals Row campus. The deal gives Burlington a ground-floor space of 11,385 square feet along with the entire 20,332-square-foot second floor, with an opening planned for fall 2027.
The building sits between Sands Street and Flushing Avenue and directly borders the Wegmans-anchored shopping center at Admirals Row, according to Commercial Observer, which first reported the lease. That Wegmans, New York City's first location of the grocery chain, runs 75,000 square feet, per the same report. The 10-year lease includes options to renew, and roughly 7,000 square feet remains available at the property, according to marketing materials cited in the report.
Steiner NYC developed the 8-acre, mixed-use Admirals Row campus, and company head Doug Steiner said in a statement that Steiner NYC is thrilled to welcome Burlington. Ben Weiner and Jason Pennington represented Steiner in the deal, while Ripco Real Estate also represented the developer; Cliff Simon negotiated on Burlington's behalf, with CNS Real Estate representing the retailer. Burlington spokespeople did not respond to requests for comment, the outlet noted.
A Historic Site Turned Retail Hub
Admirals Row's current commercial life traces back to a 96-year ground lease that Steiner NYC acquired from the Brooklyn Navy Yard Development Corporation to build a multi-building complex designed by S9 Architecture along Flushing Avenue and Navy Street, according to The Real Deal. The 8-acre site originally held ten 19th-century naval officers' residences built between 1864 and 1901; the homes deteriorated after the Navy Yard closed in 1966, fueling a long preservation fight before nine of the ten structures were demolished in 2016, per Wikipedia.
The Wegmans flagship opened inside Building 212 in October 2019, establishing Admirals Row as a shopping destination in an area once described as a food desert, according to NYC Urbanism. Beyond the grocery anchor, Admirals Row also includes CityMD, a Wells Fargo branch, and FreshDirect Wines and Spirits, per Commercial Observer's report. The campus offers 250 parking spaces with an on-site garage, sits one block east of the Brooklyn-Queens Expressway, and is located near the Brooklyn Bridge, the outlet reported. Regional transit access extends further still, with a Brooklyn Navy Yard NYC Ferry landing and shuttle bus service connecting to 13 subway lines and the LIRR, according to 6sqft.
Burlington's Wider Brooklyn and Queens Push
The Navy Yard deal fits into a broader run of Burlington leasing activity across the outer boroughs. The retailer took over 45 leases from bankrupt fabric chain Joann in May 2025, Commercial Observer's report noted. It also signed for 43,000 square feet at the planned 72-22 Broadway development in Jackson Heights, Queens, in October 2025, and opened a store at 54-23 Myrtle Avenue in Ridgewood, Queens, per the same reporting.
That expansion reflects a national strategy. Burlington operated 1,287 locations as of the second quarter of fiscal 2026 and plans to open 110 net new stores during fiscal 2026, working toward a corporate target of more than 1,500 stores by the end of 2028, according to the company's Investor Relations disclosures. Nearly half of Burlington's net new store openings over the past decade landed in space vacated by bankrupt national retailers, including more than 80 former Kmart buildings, 75 Bed Bath & Beyond suites, 55 Toys “R” Us locations, and 40 Sports Authority sites, per a report from Repurposed and Redeveloped Commercial Real Estate. Burlington has also been chasing bankrupt leases well beyond New York, and recently moved its corporate headquarters as part of a broader footprint expansion.
Off-Price Retail's Continued Momentum
The Navy Yard lease arrives amid a strong stretch for off-price retail broadly. During the fourth quarter of fiscal 2025, Burlington's total sales rose 11% to $3.65 billion. The chain recently debuted an updated flagship format in Manhattan with a Sixth Avenue makeover.
No asking rent was disclosed for the Admirals Row space, Commercial Observer reported, though the outlet noted that downtown Brooklyn shopping corridors averaged $190 per square foot in the first half of 2025, citing the most recent data available from the Real Estate Board of New York. Steiner NYC's broader Navy Yard footprint includes paving the way for more than 350,000 square feet of light industrial and office space now leased by the Brooklyn Navy Yard Development Corporation, as well as the 580,000-square-foot Steiner Studios film production facility, per the outlet's reporting. Steiner NYC also acquired The Hub, downtown Brooklyn's 55-story residential tower, for $419 million in March 2025, the report added.
A Campus Built for Scale
The Burlington lease lands at the Brooklyn Navy Yard. The development corporation is also pursuing a $2.5 billion master plan to add about 5 million square feet of vertical manufacturing space and 10,000 jobs.
