Vertical integration changes the real estate game
When Pusateri’s Fine Foods cancelled its lease at 899 College St., after filing for bankruptcy just days before its grand opening, Loblaw Cos. Ltd. jumped at the chance to occupy prime real estate on the western edge of Toronto’s Little Italy.
At 15,000 square feet, the commercial property – owned by Toronto-based Clifton Blake Group – was ideal for a small-format No Frills, a new concept that Loblaw began rolling out last year to deliver discounted groceries in a leaner layout.
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