Target Corp. buys three parcels on Nicollet Mall

Tuesday, September 27, 2011

Herb Tousley, director of the Shenehon Center for Real Estate at the University of St. Thomas, said the acquisition of the property near Target’s headquarters makes sense if the retailer is indeed looking for more space downtown.

“I have heard people talking about it — that Target does need more space downtown,” he said. “If they are going to [add space], that would be the logical site to do it. The fact that they have closed on it now must mean they are getting fairly serious about expanding downtown.”

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Originally published: 09/27/2011, Finance and Commerce