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Macy’s sells old store spaces to mall’s owner

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Macy’s parent company has unloaded its two vacant properties at Crossgates mall, giving the shopping center’s owner a chance to revive the long-dormant retail spaces. Federated Department Stores last month sold the anchor spaces previously occupied by Lord & Taylor and Macy’s to an entity associated with the Crossgates’ Syracuse parent, The Pyramid Cos. Deeds filed with the Albany County clerk’s office on Dec. 23 show Pyramid paid $4 million and $5.5 million. The sales ...


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