QUEENS, NY— Target has sold its 230,000-square-foot store atop Queens Place mall in Elmhurst for about $5 million, ending the department store's 25-year run at the shopping center.
A&H Acquisitions, a retail-focused company controlled by the New York-based Adjmi family, bought the space in an all-cash deal.
The sale went into contract and closed Aug. 31, according to a deed filed Monday.
Target signed a 15-year lease for a smaller, 135,000-square-foot store at Rego Center, at 61-35 Junction Blvd. in Rego Park.
The new store, expected to open in 2028, will occupy a former Kohl's location owned by Vornado Realty Trust.
The move will cut Target's Queens footprint by about 95,000 square feet.
Target opened at Queens Place in 2001 after developer Forest City Ratner expanded and renovated the circular shopping center at 88-15 Queens Blvd.
Forest City built the three-level retail condominium for Target as part of a roughly $100 million overhaul that increased the mall's size by about 60 percent.
Skidmore, Owings & Merrill, now known as SOM, designed the curved building for Macy's in 1969. Stern's later operated a department store there until 2000.
Madison Realty International bought Forest City's stake in Queens Place and several other New York City retail properties in 2018 for $83 million.
Today, the mall includes a Lidl supermarket, a Skechers store and a Macy's furniture outlet.
A&H Acquisitions has not disclosed plans for Target's former space.
The Manhattan-based company owns retail properties in several states and frequently leases space to major retail chains.
It is currently marketing a 2,300-square-foot retail space at 241 Atlantic Ave. near Brooklyn Heights, where Marshall's, Planet Fitness and CVS operate.
Target operates 2,019 stores nationwide, according to its second-quarter financial results released in August, up from 1,982 a year earlier.
The retailer operates 17 stores in New York City, according to its website.
Target closed its East Harlem store on East 117th Street in 2023, along with eight other stores outside New York. The company cited persistent theft at the locations, while critics questioned whether declining sales also contributed to the closures.
Target reported $26.5 billion in second-quarter net sales in August, a 5.3 percent increase from the same period in 2025.
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