Macy’s sells St. Louis DC

New York City Macy’s has completed the sale of its St. Louis-based distribution facility for $2 million to 3728 Market Street LLC. The retailer in 2008 had shifted its distribution facility to Bridgeton, Mo.

Initially, Macy’s had asked for $12.7 million for the property. However, the building, which was put up for sale in late 2007, fell prey to the battered real estate market.