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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.