Boston – Target has signed a lease with CBRE/New England to open a small-format store in July 2018 in a 28,893-square foot space at Porter Square Galleria in Cambridge, MA. Galleria is owned by CBRE Global Investors sponsored fund. Additional tenants of the Galleria include Anna’s Taqueria, Sprint, Potbelly and Parrelli Optical.
CBRE/New England’s Paul Grossman and Jeremy Grossman represented landlord CBRE Global Investors in the deal.
“We are proud of the reconfiguration of Porter Square Galleria to accommodate a new small-format Target store. This is just the beginning of a revamped Porter Square Galleria, and will further solidify the location as a retail destination,” said Joseph Mancuso, Managing Director, CBRE Global Investors. “Directly adjacent to the Porter Square MBTA station, we have an opportunity to serve a vibrant community and bring on brands that add to this unique retail experience.”
Located at the intersection of Massachusetts and Somerville avenues, Porter Square Galleria is a prime location and a rare opportunity for retailers, serving a densely populated neighborhood in an extremely visible, easily accessible anchor presence. Porter Square has a 24/7 population that includes students and working professionals along with an eclectic mix of national and local retail for a synergistic shopping experience.
Nearly 19,000 square feet of space remains available at Porter Square Galleria. This includes 16,500 square feet on the lower level and a 2,303 square foot restaurant space on the first floor.