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Target notifies state of Cordova closure, 173 workers affected

By Updated: November 07, 2018 9:57 AM CT

The closure of Target’s Cordova store could affect up to 173 employees, according to a WARN (Worker Adjustment and Retraining Notification) Act notice filed with the state of Tennessee.

On Oct. 30, the Minneapolis-based retailer confirmed its 475 N. Germantown Parkway location would be one of six stores nationwide that will shut down this February. A Target spokesperson cited several years of declining profitability as a reason behind the closure.

Moving forward, Target is expected to sell the 174,000-square-foot building, a process many local commercial real estate experts believe won’t take very long.

The property was last appraised for north of $12 million, according to the Shelby County Assessor’s latest estimates.



Topics

Target Cordova Germantown Parkway WARN Act Notice
Patrick Lantrip

Patrick Lantrip

Patrick Lantrip is an award-winning writer, photographer and videographer based in Memphis, Tennessee. When not exploring the outdoors, Patrick enjoys spending time with his daughter, Anna.


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