TERRANOMICS ASSISTS ON TWO TARGET ACQUISITIONS

SAN FRANCISCO BAY AREA — Terranomics Retail Services has assisted Target Corp. in its recent acquisition of an approximately 118,000-square-foot retail building in Oakland and 10 acres of land in San Jose as part of the discount retailer’s plans for two new store openings in 2011. Terms of the South Bay and East Bay transactions were not disclosed. In the first transaction, Matt Kircher of Terranomics Retail Services, the retail division of BT Commercial, handled Target’s acquisition of the leasehold interest of a former Expo Design Center building, located at 1555 40th St. in Oakland, from The Home Depot. Kircher also represented the retailer in its 10-acre, north San Jose land purchase from Hunter Storm Properties. Target will be constructing a 138,000-square-foot store on the property.