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Tampa Mall Owner Buys Macy’s Store
WestShore Plaza owners acquired the Macy’s department store that anchors the mall. WPG paid $10 million for the department store. The 235,198-square-foot department store sits on 1.95 acres.
The Tampa Bay Business Journal reports it is the latest purchase in an assemblage that WPG has been working on for nearly a decade with a goal of eventual redevelopment. In addition to the enclosed mall, WPG has acquired the former Sears store, Seasons 52, and a Bank of America branch. In total, WPG adds controls over 50 acres at the intersection of Westshore and Kennedy Boulevards. In October, Dick’s Sporting Goods vacated its 80,000-square-foot store at WestShore Plaza to open a Dick’s House of Sport at International Plaza.
WPG has plans for redevelopment. They include up to 3.5 million square feet of mixed-use development, including entertainment, retail, dining, office, wellness, medical, hotel and residential components.
Despite the sale, Macy’s remains open.
- ◦Sale/Acquisition
