Target on Commonwealth Avenue - Boston, MABoston, MA In July, retail giant Target Corp. opened its new 16,262 s/f store on Commonwealth Ave. This is one of the company’s first “mini-urban” flexible format concept stores in New England.
The property, on the Brookline-Boston line, has been owned and managed by The Grossman Companies, Inc., of Quincy (Mass.) for decades.
Making the announcement was David Grossman, co-president of The Grossman Companies based in Quincy, Mass., who said, “We are excited to welcome Target to this highly-visible location. It’s a great fit for our property’s retail mix and for the neighborhood.” The space had been occupied for many years by Ski Market, then East Coast Alpine.
Representing Target in lease negotiations was Atlantic Retail Properties. Representing the landlord, 860-872 Commonwealth Ave. LLC, was The Grossman Companies’ brokerage team. The landmark mixed-use building is home to a range of medical, office and retail tenants. Available for lease at the property is 4,900 s/f, subdividable.
The average size Target store is about 130,000 s/f, but in recent years, the nation’s second-largest big-box retailer based in Minneapolis has introduced new concept smaller, flexible format stores of varying sizes and assortments geared to local markets where development space is limited.