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Macy’s Making “great Real Estate Play” With Herald Square | National Real Estate Investor

by nreionline.com posted 3weeks ago 23 views
The giant department store chain is looking to ‘unlock additional real estate value’ from its prime Manhattan location. : Seeking to cash in on its most valuable real estate asset, Macy Inc.’s CEO Jeff Gennette confirmed that the department store retailer is considering plans to build a 1.2-million-sq.-ft. skyscraper on top of its Herald Square flagship store in Manhattan, Bloomberg reported last week. The tower would be leased to other office tenants, and Gennette said he hopes to have a plan in place by year-end.

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