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MINNEAPOLIS-Nearly one million sf of Twin Cities retail real estate will be looking for new tenants this summer when nine local Mervyn's department stores are closed. All the stores are undergoing closeout sales after locally based Target Corp. agreed to sell them along with its 62-unit Marshall Field's department store chain to St. Louis-based May Department Stores for $3.2 billion.
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May 12, 2026
However, leasing dropped by eight percent.
May 12, 2026
Debt funds and mortgage REITs take the majority share while banks and CMBS pull back.
May 12, 2026
GlobeSt. will recognize those that drive the sector's performance as the 2026 Influencers in Industrial. Nominate a candidate before the submission deadline on May 27!