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Home News Eyeing growth, TJX Cos. scoops up more real estate for headquarters campus

Eyeing growth, TJX Cos. scoops up more real estate for headquarters campus

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Eyeing growth, TJX Cos. scoops up more real estate for headquarters campus

Framingham, Mass. – TJX Cos. will add more than 156,600 square feet to its corporate footprint with the acquisition of two buildings near its headquarters, according to a report from real estate analytics firm CoStar Group.

A TJX spokesperson told CoStar the additional space will be used for home office operations.

“Right next door is the 450,000-square-foot building at 550 Cochituate Road the discount retailer purchased in 2019 as part of a $120 million portfolio deal. The company also owns upwards of 700,000 square feet in nearby Marlborough,” CoStar reported.

The company has been steadily growing its markets. During the first nine months of its fiscal year – which closes Feb. 1, 2025 – TJX added 222 new stores, ending Q3 with 5,057 across the U.S., Canada, UK, Europe and Australia.

TJX Cos. is also moving to expand its international presence. During the third quarter, the company completed its investment in the joint venture with Grupo Axo, S.A.P.I. de C.V. (Axo) an operator of global brands in Mexico and South America in both full- and off-price formats. Its $179 million cash investment gives it a 49% stake in the enterprise, which includes over 200 stores under the Promoda, Reduced, and Urban Store banners.

In early Q4, TJX completed its investment for a 35% non-controlling, minority equity stake in Brands For Less (BFL) for $344 million. Based in Dubai, BFL is the region’s only major off-price retailer of branded apparel, toys, and home fashions. It currently operates over 100 stores, primarily in the UAE and Saudi Arabia.

The company is also planning to enter Spain with its TK Maxx banner in early 2026 and could eventually operate up to 100 stores in the country.

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