Target to Open Two Smaller Store Locations in Downtown Philadelphia

by Katie Sloan

Philadelphia — Metro Commercial Real Estate Inc. has brokered two deals for Target in the Center City area of Philadelphia.

Pearl Properties is developing an approximately 23,000-square-foot site at 1900 Chestnut (+/- 23,000 SF site being developed by Pearl Properties) and The Brickstone Cos. is developing an approximately 22,000-square-foot site at 1112 Chestnut.

Both stores, which will be configured as smaller versions of the traditional Target store format, are currently under construction with planned openings in 2016. Tom Londres and Steve Niggeman of Metro Commercial represented Target in the transactions.

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