Home » BLOG » Canadian Tire’s real estate trust buying Sears Canada distribution centre in Calgary

Canadian Tire’s real estate trust buying Sears Canada distribution centre in Calgary

Sears Canada has agreed to sell and lease back a distribution centre in Calgary to Canadian Tire's real estate trust.

TORONTO – Sears Canada has decided to sell and lease back a distribution centre in Calgary to Canadian Tire’s real estate trust.

CT Real Estate Investment Trust says it’ll spend about $84 million including transaction costs for the location.

The Sears rentals are near to two Canadian Tire distribution centres, including one acquired through the rely upon 2014.

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