Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
38 Acres Sell for Prototype Target Development
Have you registered for Connect Austin yet? Click here for more information!
Aliana Development Co. completed the sale of 38 acres to Property Commerce for development of a 124,000-square-foot Target near Richmond, TX. JLL’s Simmi Jaggi and Elizabeth Clampitt led the team that negotiated the sale on behalf of the seller, for an undisclosed price.
A prototype Target store will be the anchor of a 438,000-square-foot retail center at SH 99 and Harlem Road in the Aliana master-planned community in Fort Bend County. The Target store will join a 102,000-square-foot, recently opened H-E-B grocery store.
The redesigned Target is part of a national turnaround effort involving remodeling hundreds of stores nationally. The Houston-area store will offer two different shopping areas, each with a separate entrance. One side will be organized similar to a department store. The other section will provide grab-and-go items, such as groceries. The opening date is scheduled for October 2017.
Subscribe to Connect Daily Texas
For comments, questions or concerns, please contact Amy Sorter
For advertising information, please contact Joni Margotta
- ◦Development
- ◦Sale/Acquisition
