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Target Sells Off Distribution Hub to Local Investment Firm

CEVA Logistics Had Operated Building Until Retailer Ended Its Contract
Target Corp. has sold a distribution property in Bloomington, Minnesota, that it bought in 2008 for $13.7 million, according to Hennepin County records. (CoStar)
Target Corp. has sold a distribution property in Bloomington, Minnesota, that it bought in 2008 for $13.7 million, according to Hennepin County records. (CoStar)
By Clare Kennedy
CoStar News
November 4, 2020 | 11:46 P.M.

Retailer Target Corp. has sold a large logistics building in the suburbs south of Minneapolis, even as its e-commerce has exploded this year and rivals are snapping up distribution real estate on its home turf.

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