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Target Plans Anchor for Wilson Yard Project

CHICAGO-The retailer purchased retail and parking space in the $150-million, mixed-use Uptown Chicago redevelopment, and will open in fall of 2010.

By Cari Brokamp | Updated on November 03, 2008

CHICAGO-Target has purchased 160,000 sf of retail and parking space in the $150-million Wilson Yard redevelopment in Uptown. The store, along with 20,000 sf of rental retail that remains available in the development, will open in fall 2010. Target’s space will include a 130,000-sf store, according to Richard Spinell, principal of Oakbrook Terrace-based Mid-America Asset Management Inc.

Spinell and Mid-America principal Paul Bryant represented project developer Holsten Real Estate Development Corp., based in Chicago, in the sale, while Adrian Brown, with Indianapolis-based Gershman Brown Crowley Inc., represented Target in the acquisition. The land price was not released.

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