Blatteis & Schnur, Morgan Stanley Acquire Macy’s Men’s Store in San Francisco for $250 Million

The 250,000-square-foot Macy’s Men’s Store located on Union Square in San Francisco will be redeveloped into a mixed-use center. (Image courtesy of Wikimedia Commons) The 250,000-square-foot Macy’s Men’s Store located on Union Square in San Francisco will be redeveloped into a mixed-use center. (Image courtesy of Wikimedia Commons)

San Francisco — A partnership between Blatteis & Schnur and Morgan Stanley Real Estate Investing has acquired the 250,000-square-foot Macy’s Men’s Store located on Union Square in San Francisco for $250 million.

The eight-story property, located at 120 Stockton Street, will be redeveloped into a mixed-use, retail-driven center. Anticipated uses for the development include flagship retail, art galleries, artisanal food and upscale restaurants and creative office space.

A rooftop amenity is also being considered for the project, scheduled to open in 2021. Macy’s Men’s Store will remain as a tenant while the design, renovation and leasing of the new development progresses. Eastdil Secured acted as advisor to Macy's Inc. in the transaction.

More News