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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
- ◦Lease

