VANCOUVER, BC (May 26, 2011) Dominion Lending Centres Clearlease Reports Target Corp. (NYSE:TGT) announced the first 105 Zellers locations across Canada that it will look to convert into Target stores on Thursday.
The U.S. retailer picked locations in all 10 provinces.
The list includes sites owned by some 22 property owners and landlords with whom Target has reached lease agreements.
Target says it hopes to finalize the acquisition of the sites quickly and pay the first half of the $1.825 billion it agreed to for the locations.
Under the deal signed earlier this year to take over up to 220 Zellers locations from the Hudson’s Bay Co., Target will select additional locations before it makes a second payment in the fall.
Target also announced it will open a Canadian headquarters in Mississauga, Ont.
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Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
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Video Link: http://youtu.be/f_kk7WJa7Uk