By Sonia Isotov
Target Corp. has signed an agreement to open a new store on Maui in 2015, according to an announcement from developers.
The company has reportedly reached an agreement with Property Development Centers, a wholly owned subsidiary of Safeway Inc., to open the new store at the 24-acre Puunene Shopping Center being developed by Property Development Centers. The news came in a story published early this morning in the Pacific Business News.
The 24-acre Puunene Shopping Center will reportedly be located on the corner of Mokulele Highway and Hookele Street in Kahului. The center will include a mix of local and national retailers and restaurants and service providers, although Safeway is not reportedly going to open its own store at that location, according to the publication.
Target is the first store to be identified as an occupant of the future shopping center. The developer reports that CBRE Hawaii is handling leasing of the new shopping center and expects Target to occupy 141,240 square feet of the total 275,000 square footage.