Target is heading to Washington Heights.
The discount retailer inked a 15-year deal to take on about 23,700 square feet of space at the two-story-tall retail property 600 West 181st Street, according to a public record filed this week with the New York City Department of Finance.
Target confirmed the lease and noted that the store is set to open in 2020. The landlord, the Chehebar family’s Maverick Management Corporation, did not respond to a request for comment. Maverick is the real-estate arm of discount apparel chain Rainbow Shops.
Ripco Real Estate represented both sides in the transaction: Richard Skulnik for Target and Jason Pennington for the landlord.
Elsewhere around the Big Apple, Target is replacing Toys ‘R’ Us and Baby ‘R’ Us stores at Caesar’s Bay Shopping Center in Gravesend, Brooklyn. Target, which joins Modell’s, Best Buy and Kohl’s at the center, will occupy 90,000 square feet of space across two levels.