Target and developers buy a Bronx Postal Service Building

The Real Deal Reports that Target and developers bought a Bronx Postal Service in the Throgs Neck section of the Bronx, for $35.2 million, where they plan to build a 300,000-square-foot mall.

The owner was listed as Lafayette Nominee Owner LLC, with an address at Target's corporate headquarters in Minneapolis, Minn. The acquisition of the site at 815 Hutchinson River Parkway at Lafayette Avenue went into contract in November and closed Feb. 11, city property records published last Wednesday show. 

"We plan to build about 300,000 square feet of retail," said
 Paul Slayton, a principal with PA Associates. Target would own its own portion as a condominium, and the rest would be leased to other tenants. 
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