Vacated Macy’s store to be converted into storage facility
The Macy’s department store, vacant since last year, has been purchased by a Florida-based company, according to discussion at the Lycoming County Planning Commission meeting Thursday night.
M.C. Storage LLC, of Wellington, Florida, bought the building for $505,555, according to the commission.
The building will be called MC Storage Lycoming LLC, according to officials.
The parcel was assessed at “seven figures” initially, according to the commission discussion.
The mall is assessed at $44.8 million, according to Gwen Pidcoe, Muncy Township office manager.
Anchor stores such as Macy’s, J.C. Penney Co. and Sears all closed. Toys R Us also intends to close.
Kohan Retail Investment Group owns the mall but not the former Macy’s building, Michael Kohan, principal of the business, said.