Blanca Torres
Reporter- San Francisco Business Times

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Target Corp. anticipates opening its first Alameda store and second City Target in San Francisco in October 2013.

It appears as if the Minneapolis-based retailer (NYSE:TGT) is already thinking about next year’s holiday shoppers by opening two Bay Area stores right before the year’s biggest selling season.

“California continues to be a strong market for Target, and we’re excited to expand our presence there in 2013,” said Cary Strouse, Target’s senior vice president of stores in the Western region.

The retailer has expanded aggressively in the past few years with new outposts in Emeryville, Dublin and Fremont. It also expects to open one in Petaluma next summer.

In Alameda, Target started construction on the site, at the intersection of Mariner Square Loop and Stargell Avenue, earlier this year.

The retailer bought a 10-acre parcel in Alameda Landing, a 72-acre former Navy site that master developer Catellus plans to transform into a mixed-use neighborhood with retail, housing and office.

Target’s Alameda store will measure 140,000 square feet and anchor a 291,000-square-foot shopping center. The retailer expects to hire 200 workers for the store.

This past October, Target opened its first of two City Target stores in the Metreon in San Francisco with the second planned at the southwest corner of Geary and Masonic streets. City Target is a smaller format the big box retailer is testing for urban areas. The Geary Masonic store will comprise 119,000 square feet.

Target plans to open 15 stores next year nationwide.

Blanca Torres covers East Bay real estate for the San Francisco Business Times.

Article source: http://www.bizjournals.com/sanfrancisco/blog/real-estate/2012/12/new-bay-area-target-stores-in-2013.html

Blanca Torres
Reporter- San Francisco Business Times

Email
 | Twitter
 | Google+

Target Corp. anticipates opening its first Alameda store and second City Target in San Francisco in October 2013.

It appears as if the Minneapolis-based retailer (NYSE:TGT) is already thinking about next year’s holiday shoppers by opening two Bay Area stores right before the year’s biggest selling season.

“California continues to be a strong market for Target, and we’re excited to expand our presence there in 2013,” said Cary Strouse, Target’s senior vice president of stores in the Western region.

The retailer has expanded aggressively in the past few years with new outposts in Emeryville, Dublin and Fremont. It also expects to open one in Petaluma next summer.

In Alameda, Target started construction on the site, at the intersection of Mariner Square Loop and Stargell Avenue, earlier this year.

The retailer bought a 10-acre parcel in Alameda Landing, a 72-acre former Navy site that master developer Catellus plans to transform into a mixed-use neighborhood with retail, housing and office.

Target’s Alameda store will measure 140,000 square feet and anchor a 291,000-square-foot shopping center. The retailer expects to hire 200 workers for the store.

This past October, Target opened its first of two City Target stores in the Metreon in San Francisco with the second planned at the southwest corner of Geary and Masonic streets. City Target is a smaller format the big box retailer is testing for urban areas. The Geary Masonic store will comprise 119,000 square feet.

Target plans to open 15 stores next year nationwide.

Blanca Torres covers East Bay real estate for the San Francisco Business Times.

Article source: http://www.bizjournals.com/sanfrancisco/blog/real-estate/2012/12/new-bay-area-target-stores-in-2013.html