Macy’s Inc.
(Macy’s)
Owner
Owner-Occupier
Macy’s Inc. NYC portfolio
$648 million* – retail 98.0%, mixed-use 1.0%; Manhattan 98.0%, Brooklyn 1.0%
254th largest portfolio by dollar value
4,593,612 sqft – mixed-use 52%, retail 47%;
59th largest by SF
2 properties – Manhattan 50%, Brooklyn 50%
2938th largest
Company Activity past 24 months:
Seller company: 1 for $23 million
Top Ten Associated Companies:
U.S. Bank (3), Macy’s bondholders (1), United American Land (1), Crown Acquisitions (1), Jackson Group (1)
Top Ten Associated People:
Isaac Chera (1), James T. Walther (1)
Recent activity as company:
• Macy’s Inc. sold 422 Fulton Street, Downtown Brooklyn, Brooklyn for $23 million to United American Land, Crown Acquisitions and Jackson Group on December 19, 2024.
• Macy’s Inc. borrowed $7.5 million from U.S. Bank for 2483 Flatbush Avenue, Mill Basin, Brooklyn on January 14, 2021.
• Macy’s Inc. borrowed $18.3 million from U.S. Bank for 422 Fulton Street, Brooklyn Heights, Brooklyn on January 14, 2021.
• Macy’s Inc. borrowed $66.1 million from Macy’s bondholders for 422 Fulton Street, Brooklyn Heights, Brooklyn on August 03, 2020.
• Macy’s Inc. borrowed $27 million from U.S. Bank for 5400 Avenue U, Mill Basin, Brooklyn on July 30, 2020.
Latest Stories:
• UAL, Crown, Jackson Group pay $23M to Macy’s for retail in Downtown Brooklyn (December 20, 2024)
• Target signs lease with Macerich at Kings Plaza in Brooklyn (October 19, 2021)
• Macy’s Inc. borrows $27M from U.S. Bank for mall location in Kings Plaza (July 31, 2020)
• Macerich borrows $478M in first mortgage debt against Kings Plaza (December 12, 2019)
Properties: