Ownership of the former Kmart building has been transferred to Target, marking another step towards the long-awaited big box retailer coming to the Outer Banks.
Transformco Properties announced on Jan. 15 it had completed the sale and assignment of the lease for 1091 North Croatan Highway in Kill Devil Hills to Target Corporation. Terms of the deal were not disclosed.
According to Dare County real estate records, the 110,000 square foot building sits on a 14-acre plot of land facing U.S. 158 that is owned by the Wright Company Inc. of Virginia Beach.
Target spokesperson Jill Lewis said in October their new store will be approximately 80,000 square feet.
“We don’t have any updates at this time, but as we get closer to opening the store in Kill Devil Hills, we’ll have more specific details to share,” Lewis said Thursday.
“The Kill Devil Hills Planning Department has been contacted by the Target Corporation with questions regarding the review process for the remodel of the existing structure and minor site work,” said Cameron Ray, the town’s assistant planning director.
“However, at this time nothing has been submitted for town review,” Ray said in an email Thursday.
Norfolk real estate mogul Joan Dalis, who died in February 2019, is listed as the president of Wright Co. Inc., with Norfolk attorney William Nusbaum as assistant secretary.
Joan Dalis may be best known for her investments in Ward’s Corner, a Norfolk shopping center her second husband, dentist Alexander Martone, built at the northeast corner of the shopping district in 1947. Dalis renovated the shopping center’s exterior to make it more modern and attractive, her obituary reads.
Dalis’ brother is now the property owner, according to Shane Collins of Outer Banks Blue Realty, who was working with the land owners through the Midtown Development Corporation last fall when Target was in the acquisition process.