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David Marquis shares Target’s Expansion Plan


David Marquis, Director of Corporate Real Estate for Target Corporation, recently spoke at UST's Real Estate Executive Insight Series

“Life’s a moving target” for David Marquis, Director of Corporate Real Estate for Target Corporation.  After graduating from the University of Minnesota with a degree in architecture, Marquis joined Target as a CAD store planner, and eventually moved into Target’s real estate group.  His current responsibility is managing the non-retail portfolio including office and distribution space.

Target’s Canada expansion strategy, which commenced when Target acquired the leasehold interests for Zellers retail locations throughout Canada, includes launching approximately 130 new stores in 2013.  The existing Zellers stores will be renovated; Target negotiated with the landlord in each case to allow the store to go dark during the renovation.  Target will be hiring 35,000 new team members for its Canadian expansion.  Both logistics and brand translation are important issues, namely, how to re-create the Target shopping experience with Canadian employees who have never shopped at a Target store.

As for US stores, Target is focused on two major initiatives: City Target and renovating existing stores.  While a traditional store is 130,000 square feet, new City Target stores springing up in popular urban locations throughout the US will be sized at 60,000-100,000 square feet .  This year Target broke ground on a historic rehab project in Chicago and will complete City Target stores in Seattle, Los Angeles, and San Francisco next year.  The investment in existing Target locations will add fresh grocery departments to stores, improving Target’s convenience factor as a “one-stop shop.”

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Executive Insight Series

David Marquis, Director of Corporate Real Estate for Target, to Speak at UST on October 18th

Corporations view real estate from a unique perspective. Learn how Target has handled their retail and corporate real estate from David Marquis, Director of Corporate Real Estate for Target Corporation.

targetDavid Marquis leads a real estate team responsible for delivering retail and non-retail facilities to support Target’s growth. Marquis joined Target’s real estate department as a development manager in 1992. He was promoted to real estate manager in 1995 and regional real estate manager in 1998. He has held his current position since 1999.  Marquis serves on the Board of Directors for BOMA. He also serves on the Transportation and Transit subcommittee for the Minneapolis Downtown 2025 Plan and is a member of International Council of Shopping Centers and CoreNet. Marquis graduated with a Bachelor of Architecture degree from the University of Minnesota.

UST’s Executive Insight Series events are free and the public is welcome but please register here.  Also, don’t forget to register for the 2011 Real Estate Hall of Fame Induction Ceremony.  The registration deadline is October 14th.