Macy’s Sells 5 Stores to General Growth Properties

As part of a long-term plan to reduce its real estate portfolio, Macy’s (NYSE: M) has sold a quintet of its stores to real estate investment trust General Growth Properties (NYSE: GGP) for $46 million in total. The stores, located in North Carolina, Wisconsin, Oklahoma, Virginia, and Kentucky, range in size from 104,000 square feet to 265,000 square feet. …read more

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Category: GGP, M

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