Canadian Tire, Walmart to take over Target Canada sites

TORONTO — Canadian Tire Corporation and Walmart Canada have both made deals to take over properties formerly held by Target Canada. Canadian Tire will acquire 12 leases in a deal worth $17.7 million. Walmart is assuming 12 leases, buying one site outright and acquiring a 1.4 million-square-foot distribution centre in Cornwall, Ont. That deal is valued at about $165 million.

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