By  on February 27, 2015

Thor Equities, one of Manhattan’s biggest property owners, has purchased a key corner of the Montreal retail market. Thor on Friday confirmed that it has acquired a prime retail space at 777 Saint Catherine Street, a historical building at the intersection of McGill College Avenue and Saint Catherine Street that’s in the heart of Montreal’s shopping corridor. The three-level building, which is occupied by Banana Republic, has 20,000 square feet of retail space and 6,000 square feet of office space.

Interest in Canada has been building with American retailers lining up to open stores. Nordstrom’s first Canadian unit opened in Calgary in September. Saks is set for a 2016 launch and Bloomingdale’s is heading north as well. Target, however, retreated from Canada earlier this month after it failed to win over local customers.

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