Department store retailer Target will continue its expansion in the District by moving into the former Best Buy space in Tenleytown, commercial real estate company CBRE said in a release on Friday. At roughly 46,000 square feet, the store is set to open its doors in 2020.
The Washington Business Journal was the first to report the news, citing a 10-year lease with renewal options that cropped up in property records yesterday. The Best Buy closed last year. Michael Zacharia with CBRE negotiated the lease on Target’s behalf, according to the release.
Located at street level at D.C.-based Roadside Development’s Cityline at Tenley project, the site used to house a Sears in the 1940s. The address is 4500 Wisconsin Ave. NW, above the neighborhood’s Metro station and across the street from its public library. The development also includes underground parking. Other Target stores are planned in the coming months in D.C., in Ivy City, Cleveland Park, and Shepherd Park. (The latter two will be small-footprint.)
Target operates a large location in Columbia Heights. It is part of the DC USA development.
- Target to fill big Tenleytown retail vacancy [Washington Business Journal]
- Business in Brief: Tenleytown Best Buy closing; a Chevy Chase restaurant pays tribute to American City Diner [Forest Hills Connection]
- When the Tenleytown Best Buy Was a Sears in the 1940s [Curbed DC]
- Target will open new stores in Ivy City, Cleveland Park [Curbed DC]
- Another miniature Target coming to Northwest D.C. [Washington Business Journal]
SOURCE: Curbed DC