News
Vancouver Retail

Walmart Acquires 13 Target Locations

Walmart Canada will be buying 13 former Target Canada stores—including four in the Lower Mainland—and a distribution centre in a $165M deal that CEO Dirk Van den Berghe said will “accelerate" its Canadian operation growth plans. Acquired B.C. locations include former Target stores at Coquitlam Centre, Central City in Surrey, Scottsdale Mall in Delta (above) and Haney Place Mall in Maple Ridge. Walmart will invest $185M to renovate the Target locations into Supercentres. Canadian Tire Corp last week acquired 12 Target leases, and just today home improvement retailer Lowe's Canada said it's bought 13 Target locations.

Continue reading this story with a free account

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

Philly Retail Momentum Spills From Rittenhouse Into Northern Liberties

Forget Buildings, Retailers Are Leasing Environments

Immigration Crackdowns Dealt LA Businesses A Multimillion‑Dollar Blow

Mamdani Adds Millions To Program Helping Retailers Negotiate With Landlords

How JLL Uses Experiences To Give Retail Customers 'A Reason To Be There'

Culver Commons To Bring New Dining, Retail Options To Bustling Suburban Los Angeles Location

Sony Reopening Hollywood ArcLight, Cinerama Dome Theaters

Cracker Barrel Closes Sale-Leaseback On 26 Stores, Sells 35 Maple Street Biscuit Restaurants

Icahn To Retain Real Estate In $700M Sale Of Pep Boys

Houston's Competitive Retail Market Brings Quick Backfills, In Most Cases

Verizon To Sell 274 Retail Locations, Lay Off 500 Office Workers

Denver Wants To Make It Easier To Open A Restaurant