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Metropolitan Realty to Acquire Suburban NYC Macy’s Store in Sale/Leaseback Deal

At Home, a national chain of home décor superstores, has signed a 10-year lease for the entire first floor of the retail store comprising 101,488 square feet.

A rendering of the redeveloped Macy’s store at The Shops at Nanuet that is to be purchased by Metropolitan Realty Associates. A rendering of the redeveloped Macy’s store at The Shops at Nanuet that is to be purchased by Metropolitan Realty Associates.

NANUET, NY—Metropolitan Realty Associates reports it has signed a contract to acquire the 218,000-square-foot Macy’s store at The Shops at Nanuet here.

New York City-based Metropolitan Realty Associates, headed by founder and CEO Joe Farkas, is partnering with equity partner Angelo Gordon & Co. LP of New York City in a sale/ leaseback agreement with Macy’s that will enable the retailer to continue to operate fully through the holiday season at its Rockland County location.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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