Macy's will focus on building out its luxury segment among other growth strategies.

The buyer was Interface Properties.

Warner Bros. will be the main tenant through a sale-leaseback.

Broadrange plans on using some of the property for distributing solar panel components.

Meanwhile, asking rents increased to $9.97 in the three months ending June.

The new rules go into force in February 2025.

The move will boost employment opportunities.

John Sebree will the head the program.