SAN FRANCISCO-Macy's has purchased a portion of its flagship store on the West Coast for $115 million. The retailer acquired the 110,000-square-foot building on Geary Street from two family trusts.
The deal will make Macy's to continue to keep its store in Union Square. The property, purchased by Macy's, contains two 55,000-square-foot structures, called the Bally and Allen buildings. Kazuko Morgan and George Eckard of Cushman & Wakefield represented the sellers along with Jeffrey Weber and Robb Wehmueller of Eastdil Secured. For the full story, go to San Francisco Business Times .
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