Brief: Crombie announces agreement with Sears Canada at Avalon mall

Sears Canada

10/10/2017 15:44

Oct 10 (Reuters) - Crombie Real Estate Investment Trust 
 CRR_u.TO : 
    * Crombie REIT announces agreement with Sears Canada Inc. at 
Avalon mall 
    * Says Crombie is currently in first year of redevelopment 
at Avalon mall & Phase I investment is estimated at $54.5 
million 
    * Says for receiving $5 million lease surrender fee, Sears 
agreed to early termination of lease to vacate Avalon mall by 
Feb 28, 2018 
    * Says received court approval of a lease surrender 
agreement with Sears Canada Inc regarding store at Avalon mall 
 
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