CBRE/New England leases 28,893 s/f to Target in Porter Sq.

Boston, MA Target has signed a lease with CBRE/New England to open a small-format store in July 2018 in a 28,893 s/f space at Porter Square Galleria, which is owned by CBRE Global Investors sponsored fund. Additional tenants of the Galleria include Anna’s Taqueria, Sprint, Potbelly and Parrelli Optical. 

CBRE/New England’s Paul Grossman and Jeremy Grossman represented landlord CBRE Global Investors in the deal. “We are proud of the reconfiguration of Porter Square Galleria to accommodate a new small-format Target store. This is just the beginning of a revamped Porter Square Galleria, and will further solidify the location as a retail destination,” said Joseph Mancuso, managing director, CBRE Global Investors. “Directly adjacent to the Porter Square MBTA station, we have an opportunity to serve a vibrant community and bring on brands that add to this unique retail experience.” 

Located at the intersection of Massachusetts and Somerville avenues, Porter Square Galleria is a prime location and a rare opportunity for retailers, serving a densely populated neighborhood in an extremely visible, easily accessible anchor presence. Porter Square has a 24/7 population that includes students and working professionals along with an eclectic mix of national and local retail for a synergistic shopping experience. Nearly 19,000 s/f remains available at Porter Square Galleria. This includes 16,500 s/f on the lower level and a 2,303 s/f restaurant space on the first floor.