A limited liability company affiliated with Macy’s recently sold a 318,092-square-foot Cheshire building housing one of its fulfillment centers for $25.2 million.
Ohio-based Macy’s Logistics LLC in May sold the 37-year-old building on 72.6 acres at 475 Knotter Drive to New York City-based Cheshire Industrial Owner LLC. Land records link the buying LLC to Wharton Equity Partners and Rabina Properties, both of New York City.
The buyers took out a $17.68 million mortgage from the Washington Trust Co., in Westerly, Rhode Island.
Cheshire Economic Development Coordinator Andrew Martelli said the property hosts a fulfillment center servicing Bloomingdales and Macy’s customers. He said there has been no indication the sale will impact operations at the site or the hundreds of people employed there.
