Target inks lease for 90K sf at Macerich’s Kings Plaza mall

Retailer to take over J.C. Penney location in slew of anchor store replacements

New York /
Nov.November 02, 2021 03:15 PM
Target inks lease for 90K sf at Macerich’s Kings Plaza mall

Target is coming to Kings Plaza (Wikipedia, Target)

Bullseye!

A massive three-level, 90,000 square-foot Target is coming to Kings Plaza in Brooklyn.

The store will replace the former J.C. Penney in the Macerich-owned mall.

“We are exceptionally pleased to welcome a new Target to Kings Plaza, which is a dominant retail destination in this dynamic part of New York City,” Ed Coppola, president of Macerich, said in a statement.

RIPCO’s Jeffrey Howard represented Target in the deal.

A Target representative confirmed the retailer’s plans. It is unknown when the store will open, however, it is listed on Target’s website under future store openings.

Target’s opening adds to a slew of anchor store replacements at Macerich properties. Discount Irish retailer Primark is taking over department store locations in Green Acres Mall on Long Island, Tysons Corner Center in Northern Virginia and Fashion District Philadelphia.

Discount department store Shoppers World has also replaced former Century 21 locations at Green Acres Mall and Fashion District Philadelphia.

Macerich has made similar replacements in the west, too. In May, the retail giant announced a Scheel’s All Sports will replace a former Nordstrom department store at Chandler Fashion Center in Arizona.

The Kings Plaza Target is one of 13 new stores opening in New York in the near future. Among them are locations in Times Square, Union Square and Yonkers.

Target has reported successful earnings in the last year, despite the onset of the pandemic. In a November 2020 earnings call, the retail giant announced it planned to open up to 40 stores a year moving forward. The company has additionally renovated 150 stores this year alone.





    Related Articles

    arrow_forward_ios
    Amazon's Andy Jassy with Amazon Fresh store front (Illustration by The Real Deal with Getty, Google maps)
    Amazon scraps plans for big-box store
    Amazon scraps plans for big-box store
    370 Livingston Street (Google Maps, Getty)
    Developer plans 105 units in Downtown Brooklyn
    Developer plans 105 units in Downtown Brooklyn
    Kohler Interiors' Rachel Kohler with  21-05 51st Avenue (Loopnet, Getty)
    Tile retailer Ann Sacks inks 21K sf lease in Long Island City
    Tile retailer Ann Sacks inks 21K sf lease in Long Island City
    (Photo Illustration by The Real Deal with Getty)
    New listings in Manhattan, Brooklyn rise for first time in 4 months
    New listings in Manhattan, Brooklyn rise for first time in 4 months
    Vornado's Steve Roth with 1540 Broadway
    Vornado writes down portfolio by $600M
    Vornado writes down portfolio by $600M
    Williamsburg apartment buildings
    Williamsburg penthouse tops Brooklyn’s luxury contracts
    Williamsburg penthouse tops Brooklyn’s luxury contracts
    A photo illustration of 8 Spruce Street and 616 First Avenue (Getty, Google Maps)
    NYC multifamily sales boomed, but party could be over
    NYC multifamily sales boomed, but party could be over
    (Photo Illustration by The Real Deal with Getty)
    Big-box retail growth has Bed Bath & Beyond landlords thinking
    Big-box retail growth has Bed Bath & Beyond landlords thinking
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...