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Commercial Real Estate
Business Observer Friday, Jul. 23, 2021 4 months ago

Department store chain selling call center property

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Macy’s intends to part with credit services building in Clearwater, paving the way for redevelopment opportunity

Macy’s Inc. is planning to sell off its long-time credit services call center building in Clearwater, paving the way for a unique redevelopment opportunity.

The department store chain has tapped commercial real estate brokerage firm Colliers to market the site, at 13141 34th St. N.

The firm’s Tampa office has invited “calls for offers” next week through the end of July, and Macy’s is expected to make a decision on a buyer within a few months.

The property is expected to sell for between $10 million and $20 million.

“The unique aspects of the property make it a valuable redevelopment opportunity,” says Ed Miller, a Colliers executive managing director of industrial services, who is marketing the site together with Colliers Executive Managing Director of Industrial Services Pat Marzulli and Colliers’ Cincinnati office.

Miller notes that Macy’s invested significantly in the 34.6-acre property, adding upgraded power supply equipment on site when it converted the industrial property into a call center in 1996.

The 160,050-square-foot building, with a 19-foot-clear ceiling height, was completed in 1974.

At its peak, Macy’s employed 1,300 workers at the site, which provides 6.74 parking spaces for every 1,000 square feet of rentable space.

The area, which is located roughly 1.5 miles from Interstate-275, has drawn interest from distributors and other industrial users. Most notably, Amazon operates a “last-mile” distribution center near the Macy’s property.

 

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