{"id":1004468740,"date":"2020-08-04T05:42:17","date_gmt":"2020-08-04T13:42:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004468740"},"modified":"2021-05-10T02:05:18","modified_gmt":"2021-05-10T10:05:18","slug":"macys-brooklyn-store-lands-66m-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/","title":{"rendered":"Brooklyn Macy’s Lands $66M Loan"},"content":{"rendered":"
\"\"<\/a>

422 Fulton St. Image via Google Street View<\/em><\/p><\/div>\n

Macy\u2019s Inc. has received a $66.1 million loan for a Brooklyn store, according to public records. U.S. Bank provided the financing.  <\/p>\n

Located at 422 Fulton St., the property is a block away from the Hoyt Street subway station, less than a mile from Barclays Center and Brooklyn Heights Promenade, as well as roughly 2 miles from Brooklyn Navy Yard. The store is also home to a LensCrafters and provides curbside pick-up service. New York City’s assessor office shows the 12-story building was completed in 1920 on a 1.8-acres site. The structure’s upper floors are leased to Whittle School & Studios, which plans to open its doors in time for the 2020 school year.<\/p>\n

As the ongoing health crisis continues to keep people inside, brick-and-mortar stores have been hit the hardest by reduced foot traffic and new safety regulations. In a recent report, Marcus & Millichap explores<\/a> how preexisting trends have been accelerated by the current climate and what retail could look like in a post-pandemic world.<\/p>\n","protected":false},"excerpt":{"rendered":"

The store, located one block from the Hoyt Street subway station, is at the base of a 12-story building leased to Whittle School & Studios.<\/p>\n","protected":false},"author":748,"featured_media":1004468752,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1600,21742,10,21749],"tags":[33353,33231],"class_list":["post-1004468740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-new-york","category-latest","category-northeast","category-retail","tag-macys","tag-u-s-bank"],"acf":[],"yoast_head":"\nBrooklyn Macy's Lands $66M Loan - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brooklyn Macy's Lands $66M Loan\" \/>\n<meta property=\"og:description\" content=\"The store, located one block from the Hoyt Street subway station, is at the base of a 12-story building leased to Whittle School & Studios.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-04T13:42:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T10:05:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/422-Fulton-St.-e1596541354989.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"927\" \/>\n\t<meta property=\"og:image:height\" content=\"696\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/\",\"name\":\"Brooklyn Macy's Lands $66M Loan - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/422-Fulton-St.-e1596541354989.jpg\",\"datePublished\":\"2020-08-04T13:42:17+00:00\",\"dateModified\":\"2021-05-10T10:05:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/422-Fulton-St.-e1596541354989.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/422-Fulton-St.-e1596541354989.jpg\",\"width\":927,\"height\":696,\"caption\":\"422 Fulton St.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Brooklyn Macy’s Lands $66M Loan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\",\"name\":\"Lucia Morosanu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Lucia-Morosanu.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Lucia-Morosanu.jpg?w=96\",\"caption\":\"Lucia Morosanu\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/luciamorosanu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Brooklyn Macy's Lands $66M Loan - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/","og_locale":"en_US","og_type":"article","og_title":"Brooklyn Macy's Lands $66M Loan","og_description":"The store, located one block from the Hoyt Street subway station, is at the base of a 12-story building leased to Whittle School & Studios.","og_url":"https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-08-04T13:42:17+00:00","article_modified_time":"2021-05-10T10:05:18+00:00","og_image":[{"width":927,"height":696,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/422-Fulton-St.-e1596541354989.jpg","type":"image\/jpeg"}],"author":"Lucia Morosanu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/","url":"https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/","name":"Brooklyn Macy's Lands $66M Loan - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/422-Fulton-St.-e1596541354989.jpg","datePublished":"2020-08-04T13:42:17+00:00","dateModified":"2021-05-10T10:05:18+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/422-Fulton-St.-e1596541354989.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/422-Fulton-St.-e1596541354989.jpg","width":927,"height":696,"caption":"422 Fulton St."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/macys-brooklyn-store-lands-66m-loan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Brooklyn Macy’s Lands $66M Loan"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5","name":"Lucia Morosanu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Lucia-Morosanu.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Lucia-Morosanu.jpg?w=96","caption":"Lucia Morosanu"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/luciamorosanu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/422-Fulton-St.-e1596541354989.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004468740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/748"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004468740"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004468740\/revisions"}],"predecessor-version":[{"id":1004468857,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004468740\/revisions\/1004468857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004468752"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004468740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004468740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004468740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}