Target is taking over the old Toys ‘R’ Us space at a Brooklyn shopping complex

Store will occupy 90K sf across two floors at Caesar’s Bay Shopping Center

TRD New York /
Mar.March 18, 2019 09:30 AM

Target is moving into a 90,000-square-foot space across two stories at the Caesar’s Bay Shopping Center in Gravesend. (Credit: Getty Images)

A Target will replace the former Toys ‘R’ Us and Babies ‘R’ Us spaces at a shopping center in deep Brooklyn.

The store will move into a 90,000-square-foot space across two stories at the Caesar’s Bay Shopping Center in Gravesend, according to the New York Post. Other tenants in the complex include Modell’s, Best Buy and Kohl’s.

Gazit Horizons and Surrey Equities own and manage Caesar’s. They made a deal with Kohl’s to take back about 12,000 square feet of the storage area to make the space on the second floor more attractive, and the owners plan to add 6,000 more square feet for smaller stores moving forward.

Gazit Globe, the parent company of Gazit Horizons, bought a 41 percent stake in Caesar’s last year for $48.8 million from an entity of Toys’ R’ Us.

The store filed for bankruptcy in 2017 but is planning a comeback with a larger focus on technology and e-commerce. [NYP] – Eddie Small

Related Articles

250th Issue

The Real Deal celebrates 250 issues

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

Opening Ceremony founders Humberto Leon and Carol Lim and the brand's Soho location at 35 Howard Street (Credit: Getty Images, Google Maps)  

Opening Ceremony is the latest Soho retailer to close

Town & Country Crossing in Town & Country, MO; The Crossroads in Royal Palm Beach, FL; and Mission Bay Plaze in Boca Raton, FL

Here’s why open-air strip centers are outperforming enclosed malls

The Wizarding World of Harry Potter (Credit: Getty Images)

Harry Potter-themed store probably won’t get its dragon

Neir’s Tavern (Credit: Google Maps)

City’s oldest bar, of “Goodfellas” fame, gets last-minute lifeline

Neir's Tavern (Credit: Google Maps)

Landlord to bar owner: You don’t have to go home but you can’t stay here

591-593 Broadway (Credit: Google Maps)  

Another pricey retail building in Soho is up for sale