Target to Open Two Smaller Store Locations in Downtown Philadelphia

PHILADELPHIA — Metro Commercial Real Estate Inc. has brokered two deals for Target in the Center City area of Philadelphia. Pearl Properties is developing an approximately 23,000-square foot site at 1900 Chestnut St., and The Brickstone Companies is developing an approximately 22,000-square-foot site at 1112 Chestnut St. Both stores, which will be configured as smaller versions of the traditional Target store format, are currently under construction with planned openings in 2016. Tom Londres and Steve Niggeman of Metro Commercial represented Target in the transactions.