BURTON — The former Art Van, 4095 Court St., may be permanently closed, but could reopen soon to once again sell furniture.
According to Crains Detroit Business, US Realty Acquisitions LLC, founded by investors Jeff Love, acquired the assets and leases of 27 Art Van stores out of U.S. Bankruptcy Court in Delaware for $6.9 million. The investors plan to reopen the stores as Loves Furniture.
Reports said the company will operate 17 locations in the state and will be headquartered in Royal Oak.
The deal includes the Michigan locations as well as Art Van and Art Van-owned Levin Furniture and Wolf Furniture locations in Pennsylvania (5), Illinois (2) and one each in Ohio, Virginia and Maryland.
The Southeast Michigan stores include Art Van locations in Warren, Royal Oak, Livonia, Waterford, Ann Arbor, Westland, Howell, Shelby Township and Taylor.
Crains said Loves Furniture is expected to hire more than 1,000 employees, including the rehiring of former Art Van employees.
“We understand the difficulties facing our communities in the face of the coronavirus pandemic,” said Damiani in a press release. “Our leadership team lives in the same cities and towns we serve. For us, it is a point of pride and hope that we have this opportunity to help put many of our talented neighbors back to work. We want to get up and running quickly.”
Burton officials did not respond to the View’s calls for comment.