Learn who we are and how we serve our community
Meet our leaders, trustees and team
Developing the next generation of talent
Covering the latest news and trends in the marketplaces industry
Check out wide-ranging resources that educate and inspire
Learn about the governmental initiatives we support
Connect with other professionals at a local, regional or national event
Find webinars from industry experts on the latest topics and trends
Grow your skills online, in a class or at an event with expert guidance
Access our Member Directory and connect with colleagues
Get recommended matches for new business partners
Find tools to support your education and professional development
Learn about how to join ICSC and the benefits of membership
Stay connected with ICSC and continue to receive membership benefits
Macy’s will sell the top seven levels of its 14-level State Street flagship store to Toronto-based Brookfield Asset Management for $30 million. Brookfield plans to convert the 700,000 square feet of space into offices.
The deal will help make the State Street store “a more vibrant shopping destination,” Macy’s spokeswoman Andrea Schwartz told the Chicago Tribune.
Macy’s conducted a similar transaction in 2015, selling the upper floors of its Seattle store to a developer that is converting the space to offices. Brookfield has a pre-existing deal with Macy’s to redevelop as many as 50 other Macy’s stores.
Read more about how Macy's plans to monetize its real estate here.
By Brannon Boswell
Executive Editor, Commerce + Communities Today
Receive C+CT’s trendspotting, case studies, profiles, Q&As and updates on the people and companies that make up the Marketplaces Industry.
Sign up now
