A massive three-level, 90,000 square foot Target arrives at Kings Plaza in Brooklyn.
The store will replace the old JC Penney in the Macerich-owned mall.
“We are extremely pleased to welcome a new target to Kings Plaza, which is a dominant commercial destination in this dynamic part of New York,” Ed Coppola, president of Macerich, said in a statement.
RIPCO’s Jeffrey Howard represented Target in the deal.
A representative for Target confirmed the retailer’s plans. It’s unclear when the store will open, however, it’s listed on Target’s website under future store openings.
The opening of Target comes on top of a slew of anchor store replacements at Macerich properties. Irish discount retailer Primark acquires department stores at Green Acres Mall on Long Island, Tysons Corner Center in Northern Virginia and Fashion District in Philadelphia.
The Shoppers World discount department store has also replaced the former Century 21 locations of the Green Acres Mall and the Philadelphia Fashion District.
Macerich also made similar replacements in the west. In May, the retail giant announced that a Scheel’s All Sports would replace a former Nordstrom department store at Chandler Fashion Center in Arizona.
Kings Plaza Target is one of 13 new stores that will soon open in New York City. Among them are locations in Times Square, Union Square and Yonkers.
Target has reported positive earnings over the past year despite the onset of the pandemic. In a November 2020 earnings call, the retail giant announced plans to open up to 40 stores per year in the future. The company also renovated 150 stores this year alone.