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Macy’s Sells Downtown Pittsburgh Building for Redevelopment; Store to Close

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CINCINNATI--(BUSINESS WIRE)--Macy’s, Inc. (NYSE:M) today announced it has sold its downtown Pittsburgh building at 400 Fifth Avenue to Philadelphia-based Core Realty, which is planning a major mixed-use redevelopment for the historic building. Macy’s will close its store in that location. “For the past four years, Macy’s has been investigating the best possible use for this property, especially given the large amount of unproductive and unused space on the upper floors. We have talked with a wi

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