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TRC Blog

May 03 , 2013

Retail Connection buys former Target site in San Antonio

Retail Connection buys former Target site in San Antonio

Connected Development Services, a subsidiary of The Retail Connection LP, has agreed to buy the former Target site in the Concourse shopping center.

The Target is located at 8421 Highway 281 on San Antonio’s North Central Side. The property spans a total of 119,480 square feet. The purchase price was not disclosed.

The transaction marks Connected Development’s first purchase in the local retail market.

Chad Bradshaw, vice president of the company, says that plans call for redeveloping the property to accommodate three to four national junior-box retailers.

“We are excited to be making our first acquisition in the San Antonio market,” he adds. “This project is in an irreplaceable core retail location. The project offers outstanding visibility for its tenants and convenient access to the customers.”

The Retail Connection is based in Dallas.

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Tricia Lynn Silva covers real estate, retail, construction, and law firms; she also plans and edits some special reports.