Dallas-based Cencor, which owns the shopping center at 5400Interstate 35, will tear down the existing building that housed aMontgomery Ward store and deliver a pad site to Target, says ScottFreid, partner in charge of the Austin office of Cencor and itsaffiliate, the brokerage firm the Weitzman Group.

Target plans to start work in late October or early November andopen in late summer 2003. The 126,300-sf store will be similar insize to its locations in Round Rock and Lake Hills in the southsubmarket, Freid tells GlobeSt.com.

Capital Plaza, which opened in November 1960, has 422,008 sf.Tenants include national retailers Conn's Appliances, Office Max,JoAnn Fabrics, Walgreens, Toys R Us, Fashion Bug and localrestaurant, Amaya's Taco Village. Cencor has owned the center since1996. Montgomery Ward vacated the building in April 2001 after itdeclared bankruptcy and went out of business.