Sub Markets

Property Sectors

Topics

New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New York & Tri-State  + Outer  + Retail  | 

Small-Format Target Coming to Kimco’s Staten Island Portfolio

Kimco Realty Corp. has signed a lease with Target for a 46,000-square-foot, small-format store at Forest Avenue Plaza in Staten Island. It’s set to open in fall 2019.

“With four small-format Target leases now in our New York metro portfolio, it’s clear that there is strong demand for the concept, especially in densely-populated areas,” said Kimco’s Joshua Weinkranz. A PetSmart currently occupying Forest Avenue Plaza as the sole tenant will relocate to Forest Avenue Shopping Center across the street.

The shopping center REIT has invested heavily in its Staten Island assets over the last five years, and has transformed more than 560,000 square feet of retail across three redevelopment projects, with more underway. Construction on The Boulevard, Kimco’s $186-million redevelopment of the former Hylan Plaza shopping center, broke ground last November and is scheduled to open in early 2020.

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Read more at BusinessWireConnect With Kimco's Weinkranz

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Lease
New call-to-action
New call-to-action