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Legal Opinion

In re Toys "R" U.S. Prop. Co.

United States Bankruptcy Court, E.D. Virginia

Decided March 5, 2019No. Case No. 18-31429-KLP Jointly AdministeredPublished

1Opinion of the Court

Keith L. Phillips, United States Bankruptcy Judge

Before the Court is the objection of Upper Glen Street Associates, L.L.C., to the proposed assignment of a lease between it and Toys "R" Us NY Limited Partnership, predecessor-in-interest to Toys "R" Us Property Company I, LLC, to Aldi, Inc. For the reasons set forth herein, the Court will overrule the objection.

FINDINGS OF FACT

The Toys Lease. On July 18, 1996, Albany Public Markets entered into a lease agreement (the "Toys Lease") with Toys "R" Us NY Limited Partnership, predecessor-in-interest to Toys "R" Us Property *235Company I, LLC, et al.…

2Cases cited6 opinions

  1. In Re Joshua Slocum Ltd D/B/A Js Acquisition Corporation. Appeal of George Denney, Party in InterestCourt of Appeals for the Third Circuit · 1991
  2. In re Goldblatt Bros.Court of Appeals for the Seventh Circuit · 1985
  3. In Re Ames Department Stores, Inc.United States Bankruptcy Court, S.D. New York · 1990
  4. In Re Sun TV and Appliances, Inc.United States Bankruptcy Court, D. Delaware · 1999
  5. Lasalle National Trust, N.A. v. Trak Auto Corp.District Court, E.D. Virginia · 2003

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