Primaris REIT’s new leasing strategy, an approach that aims to fill vacancies left by longtime retailers Hudson’s Bay Co. and Sears, reflects Canada’s current economic landscape where shoppers are looking for lower prices.
HBC, Sears closings at Primaris centers clear path for expanding retailers
'We've done some leasing with Walmart,' REIT CEO Alex Avery says
By Neil Sharma
December 16, 2025 | 7:37 P.M.
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IN THIS ARTICLE
- Properties
- Hudson's Bay
44 Bloor St, Toronto, ON
- Lime Ridge Mall
999 Upper Wentworth St, Hamilton, ON
- Companies
- Primaris REIT
Real Estate
- Walmart Inc.
Retailer
- Contacts
- Alex Avery
Chief Executive Officer, Primaris REIT
- Keith Reading
Senior Director, Research, Morguard Investments Limited