Metro Commercial Announces 5 New Target Deals in Greater Philadelphia Region
New stores opening immediately in Allentown, Philadelphia, Reading, Easton and Pottstown, PA
Philadelphia, PA – July 28, 2009 –Metro Commercial announced today that it has negotiated five new Target store locations in Pennsylvania totaling over 650,000 square feet. All five of the newly-constructed stores for the Minneapolis-based retailer are scheduled to open on July 26, 2009.
Metro Commercial’s Steve Niggeman, Tom Londres and Mark Gerlach completed the following transactions:
- Cheltenham Square, 2385 W. Cheltenham Ave., Cheltenham, PA - 135,000 SF
- Upland Shopping Center, Route 100, Pottstown, PA - 134,000 SF
- Exeter Commons, Route 42 Bypass, Exeter (Reading), PA - 125,400 SF
- Lower Nazareth, Rts. 248 & 33, Easton, PA - 133,000 SF
- Airport Plaza, Rt. 22/Airport Road, Allentown, PA - 126,000 SF
“Target is one of the few retailers expanding during these challenging economic times. The mega-retailer is celebrating the summer with the opening of 27 stores located throughout the country but there is somewhat of a concentration in the Northeast with five units planned for Pennsylvania,” said Niggeman.
According to Target, each store will create about 165 jobs and feature open-market layouts with expanded food offerings. Each store will also feature a Starbucks and Target Pharmacy.
Metro Commercial Real Estate
Metro Commercial (www.metrocommercial.com
) is one of the largest full-service retail real estate firms in the region with transaction considerations exceeding $1.1 billion. Metro Commercial specializes in retail tenant representation, shopping center leasing, property management, investment property sales and construction services. With 3 offices located in Pennsylvania and New Jersey, Metro Commercial currently represents nearly 50 national retailers and serves as the exclusive leasing agent for more than 200 properties, totaling nearly 20 million square feet.