Wednesday, October 18, 2017

Macy's has deal to sell top half of State Street flagship

Image result for macy's downtown chicagoMacy’s has struck a preliminary deal to sell the top half of its State Street flagship building to a Canadian real estate investor that plans to convert the space into offices.

Toronto-based Brookfield Asset Management, one of the world’s largest real estate owners, has agreed to buy floors 8 through 14 from Macy’s, according to sources. The deal for approximately 700,000 square feet has not been finalized.. . . moreMacy'sMacy's

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