Bed Bath & Beyond has put its Utah headquarters space on the market as it looks to relocate its corporate offices.
The growing retailer — about to become the owner of The Container Store chain — is attempting to sublease the roughly 37,000 square feet that it occupies at 433 Ascension Way in Murray, Utah, according to Marcus Lemonis, executive chairman and CEO of Bed Bath & Beyond.
The company is weighing where it should place its headquarters, Lemonis said in an email to CoStar News.
The corporate “headquarters are to be determined at this time between Nashville, Dallas or Florida,” he said.
Bed Bath & Beyond has been on an acquisition binge, buying chains with corporate headquarters in both the Nashville, Tennessee, and Dallas areas that could possibly provide a new base for the parent company. Container Store, which Bed Bath & Beyond is in the process of purchasing, has a roughly 1 million-square-foot headquarters at 500 Freeport Parkway in Coppell, Texas. That sale is expected to close next month.
Another one of Bed Bath & Beyond’s purchases, Kirkland’s — now renamed Brand House Collective — is based at 5310 Maryland Way in Brentwood, Tennessee.
Retail transformation underway
Bed Bath & Beyond — and the type of home goods merchandise it carries — is being integrated into Container Store locations nationally under the banner Container Store + Bed Bath & Beyond. The first transformed location debuted last month in Fort Worth, Texas.
At that time, Bed Bath & Beyond President Amy Sullivan told CoStar News that the company had already started moving executives into Container Store’s headquarters in Coppell, about 35 miles from the Fort Worth store.
Last month, company officials filed a notice with Tennessee labor officials that they planned to close Kirkland’s headquarters in Brentwood and lay off 88 people. Bed Bath & Beyond had acquired the Kirkland’s home goods chain with the goal of converting some of its stores at Bed Bath & Beyond locations.
Cushman & Wakefield, the broker handling the Utah subleasing, didn’t respond to an email from CoStar News seeking comment. But in a marketing brochure, it described the Bed Bath & Beyond space as being “plug and play”; having a mix of open workspace, offices and collaboration areas; and featuring high-tech finishes, with floor-to-ceiling glass giving views of Mount Olympus.
The entire Ascension Way building is 240,000 square feet, according to CoStar data.
Bed Bath & Beyond relocated its headquarters to Murray several years ago. It once owned and occupied Peace Coliseum, a 260,000-square-foot office property at 799 W. Coliseum Way in Midvale, Utah. But it downsized and sold that property in December 2024 to Salt Lake County for $52 million, CoStar data shows.
National rollout
Bed Bath & Beyond on Thursday said it was officially kicking off the first phase of its national rollout of its dual-branded namesake and Container Store locations, with 22 launch markets. Eventually, about 100 stores are slated to have the new concept.
The original Bed Bath & Beyond chain filed for Chapter 11 and liquidated in 2023, closing hundreds of stores. What was then called Beyond Inc. — and owned Overstock.com — ended up acquiring the brand as well as Kirkland’s. Since then, Bed Bath & Beyond has made a series of purchases as part of its “Everything Home” strategy, which it describes as “a vision to create the most comprehensive ecosystem of products, services and solutions for the home while building deeper connections with customers at the local market level.”
As part of that strategy, Bed Bath & Beyond on Wednesday said it was buying Fathom Holdings in a deal that values the North Carolina-based national real estate services provider at about $53 million. Fathom provides brokerage, mortgage, title, insurance and software services.
The Everything Home strategy aims to “create the nation’s first end-to-end homeownership platform,” according to Bed Bath & Beyond.
“For decades, customers have had to visit multiple retailers, websites and service providers to complete a single home project,” Lemonis said Thursday in a statement. “By bringing Bed Bath & Beyond and The Container Store together, we’re creating a destination where customers can buy products, organize their spaces, design custom solutions and access services all under one roof.”