Cosi Headed For Mass Sell-Off

The fast-casual café chain Cosi Inc, which recently filed Chapter 11 and was kicked off the Nasdaq, is seeking buyers for “substantially all of its assets,” the Boston-based company said this week. Cosi closed 29 stores just before filing for bankruptcy; 76 Cosi restaurants are still in operation, reports the Boston Business Journal. Bidding procedures and a sale schedule, which are pending approval of bankruptcy court, will be available around Oct. 20.

Some 45 of those locations are company-operated restaurants in leased space in the urban cores of Boston, Chicago, New York and Philadelphia, along with a number of spots in Connecticut, Maryland, New Jersey, Virginia and Wisconsin. The 31 franchised locations include restaurants in Washington, DC, Costa Rica and the UAE. Cosi's HQ is in leased space at 294 Washington St in Downtown Boston. [BBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Philly Retail Momentum Spills From Rittenhouse Into Northern Liberties

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Forget Buildings, Retailers Are Leasing Environments

Boston Property Owners Raise Alarms About Cost Of Electric-Building Push

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy