Target will pay RioCan $132 million for abandoned leases

Target Corp has paid Yonge and Eglinton based RioCan $132 million for walking away from more than two dozen leases with RioCan when it abruptly closed up shop in Canada.  The real estate trust says Target has paid that figure including $92 million which belongs to RioCan, under the agreement. In return, RioCan and its partners have released Target from its obligations.