Macy’s South County Center Sale reflects a key moment in the national retailer’s evolving strategy. CBL Properties, the largest mall owner in the St. Louis area and operator of South County Center, has acquired the 3-acre property that once housed Macy’s iconic dome-roofed store.

This sale is tied to Macy’s Inc. (NYSE: M) national “Bold New Chapter” strategy, which includes shuttering 150 underproductive stores by fiscal year 2026. The South County Center location was among the first to close in this wave. The store began clearance sales in January 2025 and closed permanently by the end of March.

The property holds historical significance for the St. Louis retail scene. Originally opened in 1963, Victor Gruen designed the South County Center mall, often referred to as the “father of the shopping mall.” The Macy’s building originally operated as a Famous-Barr store under May Department Stores, a company headquartered in St. Louis.

In 2006, Macy’s entered the St. Louis market through the acquisition and rebranding of Famous-Barr locations, including this one at South County Center.

With CBL Properties now in ownership of the site, the future of the space remains uncertain, but the sale underscores larger trends in retail real estate and redevelopment possibilities for former anchor stores.