TORONTO — Lowe’s Canada has reached an agreement to acquire 13 former Target sites as well as Target’s distribution centre in Milton, Ont. The deal, worth about $151 million, follows a real estate auction held after Target’s withdrawal from the country. Lowe’s president Sylvain Prud’homme said the new stores “will accelerate our expansion across the country, enhancing our presence in Western Canada and strengthening our base in Ontario.” The locations include markets where Lowe’s is currently under-represented. Under bankruptcy law, the agreement still needs court approval to go into effect: the process is expected to be completed by the end of June.
Lowe’s picks up 13 Target leases plus DC
Most Recent
Most Read
Throwback Thursday: 25 years ago, Millwork Home Centre marked its 50th anniversary
Thu, May 15th, 2025
RONA completes more banner conversions in Quebec
Thu, May 15th, 2025
Ottawa will review Sunoco purchase of Parkland Corp.
Thu, May 15th, 2025
Ace Hardware reports Q1 revenue increase
Thu, May 15th, 2025
RCCSTORE25 brings together industry innovators
Wed, May 14th, 2025
Quebec’s Luxo Marbre gets new owners
Wed, May 14th, 2025
RONA’s IT exec named to Reitmans board
Wed, May 14th, 2025
Vista Railings adds Joe Jacklin
Tue, May 13th, 2025
Orgill inks Latin American partnership with Sodimac
Tue, May 13th, 2025
AD Building Supplies – Canada signs Ontario member
Tue, May 13th, 2025