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Target's struggle to sell stores exposes Canada's weak retail leasing market
2015-07-27 10:28:29| Real Estate - Topix.net
As landlords seek to find new tenants for former Target stores, some will subdivide the space since the locations can be more than 10 times larger than a typical clothing outlet. Insolvent Target Canada's sale of its store leases and other properties fetched far less than the amount the retailer spent initially acquiring its leases - a reflection of the softening retail real estate market in the wake of the U.S. discounter's exit from Canada.
Tags: market
sell
stores
retail
Category:Real Estate