Sears Canada plans to grow in Alberta
Sears Canada announced a deal to develop a 12-acre Sears site in Calgary, Alberta, at the North Hill Shopping Centre.
"Sears has been part of the Calgary landscape since 1958 and we are excited about the possibilities for the North Hill site as conceptualized by Concord and Sears," said Doug Campbell , President and CEO, Sears Canada Inc. "We plan to continue operating our store at North Hill as we have for almost six decades and seeing this new development adding positively to the landscape and economy of Calgary . We look forward to working together with Concord and moving the project forward."
Sears Canada is a multi-channel retailer with a network that includes 176 corporate stores, 229 Hometown stores, over 1,400 catalogue and online merchandise pick-up locations, 96 Sears Travel offices and a nationwide home maintenance, repair, and installation network. The Company also publishes Canada’s most extensive general merchandise catalogue.
The vision of the redevelopment is an infill project consisting of residential high-rises, with a potential retail component.
In 2013, Concord entered into a similar agreement with Sears regarding the retailer’s land adjacent to its store at Metropolis at Metrotown in Burnaby, British Columbia .
The deal, still in its early stages, involves the sale of a 50% interest in the site for a value of approximately $15 million, subject to adjustments, and the retention of Concord on customary terms to manage most facets of the development. Following the transfer of the 50% interest, the parties would enter into a co-ownership joint arrangement. If third party debt financing cannot be obtained, Concord, and not Sears, will be responsible for providing debt financing to develop the project.
Joseph Harper retires from Sterling board
Joseph Harper, Sr. has retired from the board of directors at Sterling Construction Company, effective June 11.
Harper has been involved with Sterling since the days of its predecessor, joining the company in 1972, six years before its from from Sterling Heights, Michigan to Houston.
His roles at the company have ran the gamut from project management to executive roles such as CFO, treasurer, and most recently, president and COO.
“I’ve had the privilege of working with Joe for more than 15 years," said chairman Maarten Hemsley. "His, along with Pat Manning’s leadership have enabled Sterling to grow to the size it is today, with a breadth of core competencies and a geographic reach that have positioned it very well for the future. The entire Board joins me in thanking Joe for his many years of service to the Company. We wish him and his wife, MaryAnn, the very best for his retirement.”
Recycling group honors Makita
LaMirada, California-based Makita has been recognized for outstanding battery recycling efforts with the Call2Recycle Leader in Sustainability Award.
Call2Recycle, North America’s first and largest battery collection and recycling program, created the Leader in Sustainability Award for companies that maintain a strong commitment to sustainability by steering hazardous materials away from local landfills. This is the second year Call2Recycle has distributed the award.
Makita created the 18V Lithium-Ion cordless tool category in 2005 with its groundbreaking 18V LXT Series, and today offers the world’s largest 18V Lithium-Ion cordless tool line-up (slide-style battery). For Makita, a long-time partner in battery recycling efforts, it is the second straight year of recognition.
“Leaders in Sustainability demonstrate how organizations can have a positive environmental impact,” said Sean Burchill, Western Account Manager, Call2Recycle. “Thanks to dedicated organizations like Makita, over 11 million pounds of batteries were diverted from landfills through the Call2Recycle program in 2013.”