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Available Target Trio Attracts Attention

SAN ANTONIO-One of two stores in San Antonio are under contract, with a closing expected in the spring. In Austin, two bidders are jockeying for another Target. All are being closed to make way for Super Targets.

By Tim Green | Updated on January 22, 2003

SAN ANTONIO-Target Corp. has one of its two stores for sale in San Antonio under contract and is negotiating with two bidders on an Austin property. The company is closing the stores to make way for new, bigger ones.

Brian Murphy of the Staubach Co.’s Dallas office tells GlobeSt.com that a retailer has the 94,553-sf Vance Jackson store at NW Loop 410 under a contract that could close by spring. Target also has 99,403-sf store at 5776 Stemmons Rd. for sale.

The Target stores are scheduled to close in May when the company opens a Super Target at the Crossroads Mall at Loop 410 and Interstate 10. Murphy says Target is closing stores because it’s successful unlike Kmart, which is closing five San Antonio stores as part of its cost-cutting process.

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