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
    Grocery store signs lease for 14,000 square feet at 725-733 Amsterdam (Wikipedia, Google Maps, iStock)
    Key Food to open 14K sf shop on the UWS
    Key Food to open 14K sf shop on the UWS
    A photo illustration of 600 Fifth Avenue (LoopNet, Alo Yoga)
    Alo Yoga inks lease on Fifth Avenue
    Alo Yoga inks lease on Fifth Avenue
    A photo illustration of the Rowan Condominium at 21-31 31st Street in Astoria, Queens (RockFarmer Properties, Lincoln Market)
    RockFarmer’s Queens condo property inks 20-year lease for grocery chain
    RockFarmer’s Queens condo property inks 20-year lease for grocery chain
    (iStock)
    Manhattan’s retail market ticks up toward rebound
    Manhattan’s retail market ticks up toward rebound
    Park Slope Townhouses Top Brooklyn Luxury Contracts (Corcoran, Compass)
    Park Slope townhouses top Brooklyn’s luxury contracts
    Park Slope townhouses top Brooklyn’s luxury contracts
    Omni NY's  Maurice "Mo" Vaughn and 92-23 168th Street in Jamaica (Omni, Google Maps)
    Omni NY inks indoor playground chain to 33K sf lease in Jamaica
    Omni NY inks indoor playground chain to 33K sf lease in Jamaica
    (iStock)
    Rents in Manhattan and Queens recover while Brooklyn lags behind
    Rents in Manhattan and Queens recover while Brooklyn lags behind
    400 West 219th Street (Google Maps)
    These were Manhattan’s largest retail leases of 2021
    These were Manhattan’s largest retail leases of 2021
    arrow_forward_ios

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

    Loading...