Confederation Mall finds new anchor in Canadian Tire
Posted on
April 25, 2010
by
Norm Fisher, Royal LePage Vidorra
Walmart's move towards free standing outlets has left some gaping holes to fill in shopping centres across the country.
Confederation Mall was faced with the prospect of filling 130,000 square feet of retail space when its longstanding anchor tenant built a new store in the Blairmore Suburban Centre and moved earlier this year.
The Confederation Park area mall announced yesterday that a new anchor tenant has been secured. Canadian Tire, a nationally recognized retailer will grab the space and set up shop by early 2011.
Speaking to the Star Phoenix, ICR Commercial Real Estate agent Ron Ritchie said, "We're going to see improvements to the whole mall - basically upgrading it and getting it up to date so it's going to compete in the marketplace with everybody else."
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