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Target leases 50K sf store in East Flatbush

Newest location will be in East Flatbush at Kings Highway and Foster Avenue

A Rendering Target of 5200 Kings Highway (Credit: Target)
A Rendering Target of 5200 Kings Highway (Credit: Target)

Target has nailed down a spot for its latest New York store, signing a lease for 50,000 square feet in Brooklyn’s East Flatbush neighborhood.

The company said in a release that it plans to open the “small-format” store at Kings Highway and Utica Avenue in 2020. This will be its 27th store in New York City and its seventh in Brooklyn.

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Target leased the space from Bridges Development Group, but the length of the lease and asking rent are unclear.

Bridges Development Group principal Mike Berfield told the Commercial Observer that he plans to tear down the closed auto mall currently located at the site and develop 75,000 square feet of new retail space, most of which will go to Target.

Last year, Target signed leases for 22,500 square feet at 145 Clinton Street on the Lower East Side and for 43,000 square feet at 112 West 34th Street in Midtown.  – Eddie Small

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Commercial Real EstateTarget