Waterloo Public Library Digital Collections

Waterloo Chronicle (Waterloo, On1868), 11 Mar 1998, p. 9

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"l'm not saying it's ble, but right now v looking at It," he said ii,iy:sa,50"' Helmpel also said lehrs had no immediate plans about expanding or relocating mm the former Kmart More, WITHIN)“ TOWN ”UAR! . III-2'10 0'9! 7 MY! HATASHITA Whitney also said Monday that of three parlies that have shown serious Interest m buy- ing the mall, two have also submitted bids to purchase parts or all of the nearby city- owned Seagram lands, while one is just interested m buying the mall itself. As for tenant reaction m the mall to the closing of Kmart. Dave Kam, the owner of the mall's Shoppers Drug Mart store, said last Friday ll was hard to tell what the eventual effect of the closing would be. "Because we competed with some products. it's possible that rm going to pick up some of the business that people previously used to do at Kmart," Karn said. "But then there's going to be less people m the mall, so there); going to be less impulse sales" "HIGH!" . (mans: . VII IR Waterloo Town Square IS owned by S3 Pool Fund and Is managed by Canada Life Assurance Company of Toronto. Adason Properties Ltd. Is the real estate dmsron of Canada Lk Assurance and IS managing the property on behalf of the pool fund. Neither Carl King, Waterloo Town Squares mall manager, nor Pioneer Property Group's vice-president of leasing, Andy Clydesdale, would comment on the closure of the mall's Kman store last Friday. How- ever Clydesdale said the com- pany might be releasing a press release regarding the Issue sometime later this week. less impulse sales. My guess 15 that : All his An NOT FINA!) "--...Sa---r- "So at least now that there ts somelhmg that IS quite clear on II, n provides them (polem tral purchasers) wuh an oppor- lumly of, shall we say, pulling a new driong force or a new anchor to that pamcular prop- my" (Continued from page 1) m1] that a decrease of customers IS any benefus." it's tmpossr N we're not OFF Inning, 10-year 1h mall J

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