TORONTO – The most frightening thing for a commercial real estate company is a large, empty unit it’s dying to fill, lest it be haunted by the vacancy for months or years to come.
This Halloween, that fear is a reality because of the collapse of Canada’s oldest company. Hudson’s Bay closed all of its stores earlier this year, leaving landlords for 25 of its former department stores tied up in a court drama and many more in search of new tenants willing to take over hundreds of thousands of square feet.
But a few have found some reprieve: Spirit Halloween.
The popular U.S. costume and decor shop moved into some former Bay locations and others previously held by Sears, Peavey Mart, Bed Bath & Beyond and Decathlon just in time for spooky season. It will deliver a few months’ rent to landlo