Target landlords paid $138M for leases

TORONTO — Landlords paid $138 million before taxes to buy back 11 properties, the Toronto Star reports. The deal between outgoing Target Canada and landlords including Oxford Properties and Ivanhoé Cambridge was announced earlier this month but terms were sealed by court order. Under the agreement, the leases revert to the landlords, while Target will rent the stores back for the duration of its liquidation sales.