The former Hudson's Bay retail location at Yorkdale shopping centre in Toronto in August, 2019.

Two of the country’s largest real estate owners are in a showdown over the future of the former Bay store in an upscale Toronto mall, the latest in a series of landlord-tenant disputes triggered by the Hudson’s Bay Co. bankruptcy.

RioCan Real Estate Investment Trust REI-UN-T is using hardball tactics at the Yorkdale Shopping Centre in an attempt to get mall owner Oxford Properties Group to buy out its lease on a shuttered Bay outlet for at least $75-million, according to court filings and a source familiar with the negotiations.

The Globe and Mail agreed not to name the source because they are not authorized to speak about the companies.

If Oxford refuses the buyout offer, as it has done

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