Sentences with phrase «leased back stores»

In many cases, Sears has leased back stores it sold.

This was the prize coveted by Bill Ackman when he acquired a large block of Target shares during the peak of the real estate bubble, and subsequently tried to force management to spin off the real estate holdings into a separate company and to lease back those stores, thereby «unlocking» value.

Not exact matches

HBC (TSX: HBC) also said it completed the sale and lease back of its Queen Street flagship store and Simpson Tower office complex in Toronto for a purchase price of $ 650 million and used most of the net proceeds to reduce debt.

The company said it would sell back the leases to stores at Vancouver's Pacific Centre, Calgary's Chinook Centre and Ottawa's Rideau Centre to landlord Cadillac Fairview for $ 170 million and vacate the premises in less than seven months.

As part of the deal, HBC will sell and lease back its main downtown Toronto store and executive offices to Cadillac Fairview for $ 650 million.

A major mall anchor for decades, last month's announcement that the department store would be selling back the leases on many of its biggest locations, including its flagship store in Toronto's Eaton Centre, doesn't make Sears's future seem very rosy.

If they once owned their own stores, they sold them to raise money and leased them back from the new landlord, or they mortgaged them to the hilt and in case of a default, the lender takes possession of them.

Zabawa decided to also ask the Fichtners if he could buy the land the Chevy store was on and lease it back to them.

«When our lease came back up for renewal the property owner notified us that they chose a tenant who was willing to pay rents far in excess of what we were willing to pay,» Deason added, referring to the Bayside store which is located within the Bay Terrace complex.

Back in May, we alerted readers to the rise in popularity of pet leasing arrangements, which are predatory, unethical, high - interest financing plans offered by some pet sellers like pet stores and websites selling puppies.

STORE Capital bought the restaurants from O'Charley's Inc. and leased the assets back under long - term triple - net leases.

As part of the transaction, Shaw's leased back their grocery stores in 15 of the centers covered by the sale, under triple net leases.

«If we were to get these stores back, we are confident that we could probably lease them again at rents over what Kmart is paying.»

It landed Canadian Tire and Walmart for two of its Target stores, while getting back three Target leases.

RioCan Real Estate Investment Trust, Target's largest landlord, got back 18 of its store leases after Target failed to find a bidder for them.

And in a telling move, the retailer, which filed for bankruptcy protection in January and closed all 133 of its outlets, was forced to hand back 75 store leases to their landlords, unable to find suitable buyers for them, recent court filings say.

Nothing left but bricks and mortar When Lampert created the Seritage Growth Properties (NYSE: SRG) REIT, he seeded it with over 260 stores that he then leased back, generating some $ 2.5 billion for the retailer.