The sales of the former Hudson’s Bay Company stores in downtown Ottawa and Windsor, Ont., have been completed as part of the now-defunct retailer’s receivership process.

A CBRE spokesman told Connect that the sales of the two stores closed following approval from the Ontario Superior Court of Justice (Commerical List. The company co-ordinated the transactions on behalf of court-appointed monitor FTI Consulting.

Claridge Homes purchased the former Bay store in downtown Ottawa for an undisclosed price through a numbered acquisition corporation established to complete the transaction, court filings show. The former store site is located on Rideau Street and tied to CF Rideau Centre by a skywalk.

Circle Properties, an affiliate of Primaris REIT, acquired the former Hudson’s Bay store attached to Devonshire Mall, a large regional mall in Windsor. The purchase gives Primaris full ownership of the mall and flexibility to redevelop the property as it choose. The REIT, through Circle, already owned the mall but did not own the former Bay space. Circle Properties, an affiliate of Primaris REIT, acquired the former Hudson’s Bay store attached to Devonshire Mall in Windsor.

As Connect reported previously, four separate buyers agreed to buy the former Bay locations Ottawa, Windsor, Vancouver and Calgary from a RioCan REIT-HBC joint-venture that entered receivership in 2025.

Most of the properties, including the Ottawa site, are expected to be redeveloped as mixed-use assets that include multi-residential components.

The Vancouver sale is slated to close June 30. The store is located at the corner of Granville and West Georgia streets in the hear of the downtown retail district. Local investor and developer Onni Group,

Calgary’s historic downtown Hudson’s Bay building is slated to be purchased by local developer Astra Real Estate Corp. That deal is expected close in July, the CBRE spokes man told Connect.

CBRE co-ordinated the sales negotiations covering all four sites after being assigned by FTI Consulting.

All Bay stores closed June 1, 2025 as Canada’s oldest company went out of business after operating for 355 years.

Pictured: Former Bay store in downtown Ottawa.

Photo: Shutterstock