Target has signed a lease with Metro Commercial Real Estate for a 57,640-square-foot location at the Devon Square Shopping Center, located in both Radnor and Tredyffrin townships on Lancaster Avenue.
The 163,000-square-foot shopping center is anchored by national chains like Rite Aid and Acme Markets, along with supporting local retailers. The shopping center is currently 80 percent leased.
The Devon Square Target is slated to open in October 2018. This is the second Main Line location to be announced in recent months and the ninth Target to open in the region that follows Target’s strategy of smaller-format stores. Nationwide, Target is on track to operate 130 small-format stores by the end of 2019.
“The new Devon location is perfectly situated to service the western Main Line customer, and is a great complement to the recently announced Ardmore location on the eastern Main Line,” said Steve Niggeman, Executive Vice President of Metro Commercial.
“Target’s continued growth in the region is testament to a strong retail strategy that takes into account how customers want to consume products and services both online and in person,” said Tom Londres, Metro Commercial’s CEO.