Target has signed a 28,000-square-foot retail lease at JJ Operating’s 258 Eighth Avenue in Chelsea, currently occupied by a New York Sports Club, The Real Deal first reported.
- Why it matters: Target is currently planning to open at least 15 stores across New York state, including locations in Yonkers, Times Square and Washington Heights. The Eighth Avenue store is not yet listed on the company’s website.
- Expansion plans continue: The retail giant has seen a record year amid the pandemic. In its most recent earnings call, the company announced plans to open up to 40 stores a year moving forward. [TRD]