Target Corp. has signed a lease to open a third Center City store in space now occupied by Whole Foods at 2001 Pennsylvania Ave.
The Callowhill Whole Foods (NYSE:WFM) will eventually relocate into 55,000 square feet of space in the retail portion of the Rodin Square and Dalian mixed-use development that is underway at 22nd Street, Pennsylvania Avenue and Hamilton Street. It is scheduled to open early next fall and that opened up an opportunity for another tenant to move into that space.
The current Whole Foods is just 30,000 square feet and Target is expect to occupy the entire space.
A Target (NYSE: TGT) spokeswoman declined to disclose additional information about the third store at this time but did say “Philadelphia is a priority market for the company.” Read more about the plans on the Philadelphia Business Journal.
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