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ATLANTA—Taconic Investment Partners of New York City is looking at an early August closing on the acquisition of the 73-year-old, 600,000-sf, six-story Macy’s department store building in Downtown Atlanta. The buyers plan to lease out most of the structure as a telecom center with a small amount of space to be occupied by Macy’s. The seller is Macy’s parent, Federated Department Stores of Cincinnati. The negotiation price was not disclosed by either party. The asset is across the street from the Ritz-Carlton Hotel in the heart of the CBD.

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