Our Fav Retailer Pays $32.5 M. for Bronx Lot



The city’s favorite discount chain has hit the mark in the Bronx.

SEE ALSO: CVS Re-Ups Lease at RFR’s Yorkville Retail Condo

Target has paid $32.25 million for the land at 815 Hutchinson Parkway, in Pelham Bay, a roughly 600,000-square-foot plot currently occupied by a postal distribution center.

The buyer on the deed is Lafayette Nominee Owner, registered to Target’s corporate office at the Nicolett Mall in Minneapolis, according to PropertyShark.com. The seller is the U.S. Postal Service.

lkusisto@observer.com