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Sears Canada leases spark interest among REITs
Two heavy hitters in the Canadian real estate market are eyeing Sears Canada properties — but not its Home Stores. RioCan Real Estate Investment Trust, and a unit of H&R Real Estate Investment Trust are among potential bidders interested in Sears Canada assets. They are two of the biggest players in the Canadian real estate marketplace, according to Bloomberg. -
Marshalls expands in Maryland
A new Marshalls location will co-anchor the Shoppes at Apple Greene in Dunkirk, Maryland, along with Harris Teeter, according to center owners Echo Realty and Marrick Partners. The 21,000-sq.-ft. location will be Marshalls’ first in Calvert County, due south of Baltimore, where Marshalls operates two stores. The 48,000-sq.-ft. Harris Teeter store is under construction at Apple Greene, a new 100,000-sq.-ft. center with an additional 30,000 sq. ft. available for lease.