Target Corporation intends to expand their operations to New Kent County, Virginia at the exit 211 interchange along Interstate 64. The company plans to construct a 1.4 million square foot distribution facility at Forge Logistics in the southwest quadrant of the New Kent City Center site.
“New Kent County staff, the Economic Development Authority and the Board of Supervisors have worked tirelessly over the past several years to draw major players, such as Target Corporation, to our community. The return on investment is starting to show for our efforts as this Fortune 500 Company makes New Kent its newest location for a fifth distribution center in the Commonwealth,” said New Kent County Board of Supervisors Chair, Thomas W. Evelyn.
“Virginia continues to attract strategic investments from nationally-known companies, like Target, and this benefits all Virginians,” said Stephen A. Edwards, CEO and executive director of the Virginia Port Authority. “This announcement further underscores how the Commonwealth’s pro-business environment is bringing new jobs and investment to Virginia. The Port of Virginia and Target have built a productive relationship over the years and we look forward to continuing to serve as the company’s logistics provider.”
The property, purchased earlier this month, is marketed by Scannell, a privately owned, international commercial real estate development firm specializing in build-to-suit and speculative projects for the industrial, office, and multifamily markets. Target anticipates moving forward with the construction project by the end of March 2025. AutoZone, Inc. will be Target’s neighbor to the north at the New Kent City Center site.
“We are excited to welcome Target to New Kent County,” said New Kent County Administrator Rodney A. Hathaway. “This substantial investment and the creation of hundreds of high-quality jobs is a tremendous economic boost for our community and region. New Kent has made a commitment to infrastructure, education, and workforce development, and we are confident that Target will benefit from these efforts. We look forward to strengthening our relationship and maintaining a business environment that will foster the continued growth and success of this company.”
Doug Smith, President & CEO of the Hampton Roads Alliance, an organization with which New Kent County recently joined in partnership, said, “We congratulate Target on the opening of their new facility in New Kent, a testament to Virginia’s strategic advantages as a premier logistics and distribution hub. With Hampton Roads’ world-class port infrastructure, robust transportation network, and skilled workforce, companies like Target can thrive and efficiently serve their customers. The Hampton Roads Alliance stands ready to support our partners at New Kent County and The Port of Virginia as we continue to attract and grow world-class businesses in our region.”
Target Corporation is an American retail corporation that operates a chain of discount department stores and hypermarkets, headquartered in Minneapolis, Minnesota. It is the seventh-largest retailer in the United States. Target Corporation is a Fortune 500 company that ranks among the largest American-owned private employers in the United States. In 2024, Target was ranked 37th on the Fortune 500 list by total revenue.
Press release courtesy of New Kent County.
