Source: Target Reaches Agreement On Kailua Lease
Retailer Could Take Over Don Quijote Lease In AugustKAILUA, Hawaii -- A source close to the deal told KITV 4 News that Target entered into an agreement to take over Don Quijote's lease in Kailua.
Target is making sure it has all the information it needs to proceed with the transaction, sources said. If both sides agree, Target could takeover by August, sources tell KITV.
Employees of Don Quijote and neighboring businesses they've been on the edge since Target announced its interest in the Kailua location. They said they believe closure is imminent.
"It is finalized from what we know. We are going to close," Kaleolani Ane said.
Ane is head cashier at the Kailua Don Quijote. Management from the Kaheka Street store notified staff of the closure, Ane said.
"They did tell us it's going to happen this year," she said. "We were informed that we could collect unemployment."
Employees said they have questions but no answers.
"We are suppose to be closing in March, but we don't really know for sure. August is suppose to be when everything is suppose to be out of the store,"
"But as far as when we are going to get layoff the staff we have no idea
Don Quijote's lease with landowner Kaneohe Ranch runs through 2022. The lease includes a strip of shops that would likely close if Target moves in.
The news brought mixed reactions from customers.
"I don't like the idea," customer Nona Simao said. "Its just like all of Kailua is disappearing."
"It would be spectacular. I would love it," customer Elaine Dewhurst said. "I have to go all the way over the other side to get what I want from Target."
Employees said they continue to work with no net, hoping for information.
"Right now, we are just left in the dark, and hopefully we'll get news soon," Ane said.
Two businesses along the strip mall recently moved out.
Representatives from both Don Quijote and Target did not return phone calls from KITV 4 News on Monday.
