Metrus has completed its previously announced $100 million agreement to buy and lease back Sears Canada's (TSX: SCC; NYSE: SRSC) 960,000-square-foot national distribution centre at 9501 Highway 50 in Vaughn, Ontario.
In non-core real estate, this deal is the largest yet for Sears Canada, which is looking to improve its balance sheet. "We look forward to working with Sears Canada collaboratively in helping them meet their real estate goals,"...
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