Posts tagged Target
Though it is not expanding at the pace it has in recent years, mega retailer Target is still very active by opening 10 new stores in 2010 and renovating their 9 distribution centers across the U.S. To read the full article, click here. (Source: rebusinessonline.com)
As consumer confidence and spending has begun to improve, some retailers are now moving back into growth mode and expanding in today’s market. Discount chains and quick-service restaurants seem to be the retailers planning multiple new locations in 2010. Burger King says it will open 300 units and Panera Bread plans to open around 100. Target (128), Wal-Mart (16) and Costco (23) are some of the national discounters talking about expansions. My hope is Costco will consider Lincoln again for one of those 23 new sites. (Source: Shopping Centers Today December 2009 issue.)
More encouraging news was there were fewer store closings in the second half of 2009 for the Lincoln market. Our latest market report showed retail vacancy only increasing to 8.8% up from 8.7% after the first half of 2009.
Retail space for lease at Lincoln’s busiest intersection – 48th & O Streets! 1,225 sq.ft. up to 5,000 contiguous sq.ft. available in the center anchored by Target and Super Saver. Many recent updates. To tour the available spaces, contact Marc Snow at 402-441-5819.