Macy’s converted a store in Southwest Plaza into a fulfillment center. Now it wants to sell the building. (BusinessDen file)
Macy’s is trying to sell its portion of the Southwest Plaza mall.
The New York-based retailer is asking $7.2 million for its two-story, 145,000-square-foot building within the mall near Littleton, according to a LoopNet listing.
The space was a normal Macy’s store for years. In late 2020, however, it was one of the first stores in the country that the retailer turned into a fulfillment center — or, as Macy’s calls it, an “omni service center.” Customers can return items or pick up something they ordered online, but they can’t browse the racks.
A marketing brochure prepared by SRS Real Estate Partners describes the building on 7.88 acres as a “great anchor or redevelopment opportunity,” indicating that Macy’s plans to cease operations at the site.
A spokeswoman for Macy’s said in a statement that “we continuously review our supply chain locations for opportunities to leverage our network and improve cost efficiencies.”
“As part of that ongoing review, we have made the difficult decision to explore the sale of our Southwest Plaza Macy’s fulfillment location,” the company said. “We will continue to serve our valued customers through our fulfillment operations in the meantime.”
The Macy’s space is one of five anchor slots at Southwest Plaza. Three spaces are occupied by Dillard’s, J.C. Penney and Dick’s Sporting Goods. The last used to be a Sears.
Anchor spaces are sometimes owned by individual retailers, and sometimes owned by the firm that owns the remainder of the mall. New York-based Brookfield owns the majority of Southwest Plaza.
In January, Macy’s sold its building within Denver’s The Shops at Northfield to mall owner Stockdale Capital Partners. The Macy’s store there continues to operate.
Macy’s converted a store in Southwest Plaza into a fulfillment center. Now it wants to sell the building. (BusinessDen file)
Macy’s is trying to sell its portion of the Southwest Plaza mall.
The New York-based retailer is asking $7.2 million for its two-story, 145,000-square-foot building within the mall near Littleton, according to a LoopNet listing.
The space was a normal Macy’s store for years. In late 2020, however, it was one of the first stores in the country that the retailer turned into a fulfillment center — or, as Macy’s calls it, an “omni service center.” Customers can return items or pick up something they ordered online, but they can’t browse the racks.
A marketing brochure prepared by SRS Real Estate Partners describes the building on 7.88 acres as a “great anchor or redevelopment opportunity,” indicating that Macy’s plans to cease operations at the site.
A spokeswoman for Macy’s said in a statement that “we continuously review our supply chain locations for opportunities to leverage our network and improve cost efficiencies.”
“As part of that ongoing review, we have made the difficult decision to explore the sale of our Southwest Plaza Macy’s fulfillment location,” the company said. “We will continue to serve our valued customers through our fulfillment operations in the meantime.”
The Macy’s space is one of five anchor slots at Southwest Plaza. Three spaces are occupied by Dillard’s, J.C. Penney and Dick’s Sporting Goods. The last used to be a Sears.
Anchor spaces are sometimes owned by individual retailers, and sometimes owned by the firm that owns the remainder of the mall. New York-based Brookfield owns the majority of Southwest Plaza.
In January, Macy’s sold its building within Denver’s The Shops at Northfield to mall owner Stockdale Capital Partners. The Macy’s store there continues to operate.
