A property investment and management firm known to acquire vacant properties once used by Macy’s has taken over another property – the Macy’s call center in Clearwater.
California-based LBA Realty purchased the 34-acre, 645,841-square-foot Clearwater facility in an approximately $ 17.9 million agreement with Macy’s Credit and Customer Services Inc. The facility is located at next to a building anchored by Amazon in Seattle and across from Raymond James Headquarters.
“Anyone who has reviewed this property has seen the potential for further land redevelopment,” said Tap Marzulli, who referenced the site and specializes in industrial real estate with Colliers International.
The industrial property at 13141 34th St. North was on the market for six months. Sources close to the deal said the acquired Clearwater facility would likely be used as a first and last mile distribution center.
LBA Realty owns and operates over 9 million square feet of office space in major markets. LBA Realty is the same company that purchased the Macy’s Furniture Gallery and Warehouse at 4130 W. Gandy Boulevard in late 2020 for $ 32 million.
The company is also known for working with Amazon on securing locations. Last year, LBA and its partner RXR Realty entered into a $ 316 million construction loan to build a new Amazon fulfillment center in Queens, New York.
While the Clearwater facility is likely being used as a first and last mile distribution center, sources have said it will not be Amazon.
The Clearwater facility was built in 1974 and features a back-up generator and full-size kitchen.
The call center was just one of two centers that Macy’s kept open after consolidating its customer service operations into two locations.
The consolidation was part of an updated strategy designed to stabilize profitability as more than 100 physical stores are expected to close.
Macy’s offices in San Francisco, downtown Cincinnati and Lorain, Ohio and a customer contact center in Tempe, Arizona closed while Clearwater and another facility in Ohio were to remain open for consolidation.