Macys Furniture Gallery Near Me – Macy’s will continue to lease the property that houses the distribution center and furniture store from the new owner.
TAMPA — Macy’s sold its furniture gallery and warehouse property on W Gandy Boulevard to a California real estate firm for $32 million, according to Hillsborough County property records.
Macys Furniture Gallery Near Me
Despite the sale, Macy’s says it will continue to occupy the property and lease the space from its new owner, LBA Realty.
Believe Macy S Department Store Editorial Stock Image
“As an organization, we continue to evaluate our supply chain and locations to assess opportunities to maximize value,” Macy’s spokeswoman Jacqueline King said in a statement. “We also remain committed to ensuring the sustainable, long-term success of our business.”
The 39-acre property at 4130 W Gandy Boulevard has a 670,000 warehouse that Macy’s uses as a distribution center. It is also home to a furniture gallery and shop.
News of the sale comes as Macy’s announced another round of store closings coming this year, as the struggling retailer tries to stabilize its business. None of the announced closings are in Tampa Bay, but two are in Florida.
The South Tampa sale closed Dec. 29 with a $30.8 million mortgage through Forethought Life Insurance Co.
Edmonton Furniture Store
In promotional documents advertising the property, commercial real estate firm Cushman & Wakefield said the property’s size made it ripe for “mixed-use redevelopment opportunity” with new retail, hotel or apartment development. The estate agency also mentions the property’s ideal location for last mile distribution or delivery.
With ever-increasing delivery competition, how quickly retailers can get goods to customers is becoming more important to retailers. The property’s location in South Tampa and near the Gandy Bridge makes it an easy access point between both Tampa and St. Petersburg.
Macy’s said there would be no disruption to business operations at the furniture gallery and warehouse due to the sale. See how Macy’s can help you customize and personalize your living space with their newly revamped furniture department.
There are some new and exciting changes underway in the furniture department at Macy’s! Photojournalist Kenny Koger stopped by Macy’s at the St. Louis Galleria to check out some upgrades this store has received over the past couple of months.
Art 3 Piece Sectional
Carpet redone, lighting redone, toilet upgrades done and more! Another exciting change is the “customize it” shop in the furniture department. There are over 200 colorful samples that you can choose from throughout the department. These fabrics can be put on everything from a sofa to a headboard.
The choices are also endless when it comes to mix and match chairs! Not all chairs around your table need to be the same, so this section gives customers the opportunity to choose what they really want.
Customers have responded well to all the choices made available to them, not only in terms of fabric but also furniture style. VRU also upgrades the experience as people can use Virtual Reality to assemble their living space. The staff will enter as much information as you have into the system to recreate your room, and then you put on the headset and virtually walk around it!
Macy’s is your must-visit gifting destination this holiday season, and the Friends & Family Sale is on now through November 11th! Find a location near you at Macys.com.
Southglenn Macy’s Waves Goodbye: Latest Big Box Store To Die Off
Macys furniture gallery locations, macys furniture gallery clearwater, macys furniture near me, macys furniture gallery paramus, macys home furniture gallery, macys furniture gallery hours, macys furniture and mattress gallery, macys furniture gallery kenwood, macys furniture gallery nj, macys furniture gallery boca raton, macys furniture gallery boca, macys furniture gallery