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Northfield landlord wants Oskar Huber to pay up pre-liquidation sale
By KEVIN POST Business Editor, 609-272-7250
Published: Tuesday, October 07, 2008

  NORTHFIELD - The Oskar Huber furniture store has closed in preparation for its going-out-of-business sale, but its landlord wants the sale delayed until it is sure it will get its promised $72,749 per month rent.

The store is owned by DD-OH Family Properties, which has eight other New Jersey and Pennsylvania locations, including Ship Bottom.

DD-OH sought Chapter 11 bankruptcy protection in September, a half-year after it was formed by the merger of Oskar Huber Furniture and D&D Home Furnishings, both Philadelphia-area companies.

DD-OH has asked the U.S. Bankruptcy Court in Camden for approval to conduct a going-out-of-business sale, to be managed by Planned Furniture Promotions of En-field, Conn.

Kensington Square, which leases the 45,000-square-foot store to Oskar Huber, asked the court Monday to delay the sale until the rent due Oct. 1 has been paid.

Kensington also said DD-OH did not seek permission to sublease the store to Planned Furniture Promotions, even though that is what it is doing by turning over all economic interest in the business to the liquidating company.

Besides timely payment of its rent, Kensington asked the court for provisions to ensure the new tenant does not alter the building or signs without its consent, and otherwise upholds all provisions of the lease.

Several other objections to the sale proceeding were filed by creditors.

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