Lowe's Canada is Building Two New Ontario Locations

Hot on the heels of its acquisition of 12 former Target sites, home improvement company Lowe’s Canada announced last week that construction is underway on two new Ontario locations in Ancaster and Mississauga, a $50M investment that will bring its total store count nationwide to 54 (37 of them in Ontario). The Target acquisitions enhance Lowe's Western Canada presence, with three locations in Saskatchewan, nine in Alberta and five in B.C. The Target portfolio purchase, worth $148M, includes the retailer’s $106M Milton distribution centre. Lowe's will open its 40th store in Saskatoon next month.

Continue reading this story with a free account

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

Nike Closes 15 Stores Amid Tumultuous Year

The Fast-Food Exec Taking Her Real Estate Talents To The Looksmaxxing Era

TJ Maxx Parent Plans To Accelerate Store Openings In 2027

Ashley's Frasers Sets £20B Real Estate Acquisition Target

Food And Beverage Increasingly Becoming Anchor In Mixed-Use Projects

Ken Griffin Strikes $86M Palm Beach Real Estate Deal With Blackstone

Fabletics To Add 25 New U.S. Storefronts

Flex Retail Is 'Hottest Asset' In Triangle Region, Developers Say

Simon Property Group To More Than Double $18M In Lost Saks Global Rents With New Leases

Wendy's Plots More Closures Amid U.S. Sales Slump

Ramrock Real Estate To Redevelop Fort Worth's Ridgmar Mall Into Logistics Campus

Compass Coffee Says It Lacks Cash For Bankruptcy Plan, Seeks To Toss Case